BOCA RATON, Fla., Jan. 11, 2007 (PRIME NEWSWIRE) -- StockMarketNewsAlert.com issues New Trade Alert for Force Protection, Inc. (OTCBB:FRPT). According to M. D'Alonzo at First Equity Group Inc., recent news flow from the company has been very positive, "The company announced that it has been approved to list its securities on the NASDAQ Capital Market. The armored vehicle manufacturer will retain its FRPT trading symbol. The Company's NASDAQ listing will be effective and commemorated by Force Protection at an Opening Bell Ceremony in New York City on January 18, 2007."
"We are extremely excited about this move," said Force Protection CEO Gordon McGilton. "The NASDAQ listing is the result of our on-going efforts to provide what we believe will be a more stable investment opportunity in our Company."
Force Protection, which has traded on the Over the Counter Bulletin Board since 2003, has experienced substantial corporate growth in the past year. Partnering agreements with other leading defense industry manufacturers such as Armor Holdings and BAE Systems, as well as a recently announced joint venture company with General Dynamics Land Systems, have been made to merge Force Protection's proprietary designs with the manufacturing capacity necessary to meet increasing demand.
Shareholders do not need to take any action as a result of the NASDAQ Capital Market listing. Company stock certificates will remain valid.
Force Protection's Buffalo and Cougar mine-protected vehicles have been deployed with U.S. and Allied forces since 2003.
About Force Protection
Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technologies are among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.
For more information on Force Protection and its vehicles, go to www.forceprotection.net.
This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. The company cautions that these forward looking statements are further qualified by factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov) and the company's other public statements. The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.
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