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HICKSVILLE, NY--(Marketwire - January 15, 2009) - American Defense Systems, Inc. ("ADSI") (
However, due to the news generated by US Airways Flight 1549 crash-landing in the Hudson River this afternoon, the news segment coving ADSI was not aired.
"We are relieved that all the passengers and crew are safe and able to return to their families tonight," said ADSI President and CEO Anthony J. Piscitelli. "The fine men and women of the Coast Guard and New York City's police and firefighting forces deserve high praise for their extraordinary response to this calamity. We are hopeful our news segment will still air sometime soon, especially given its relevance to the security issues of next week's presidential inaugural. As we learn more, we will update our shareholders accordingly."
During the taping of the news segment, various pieces of ADSI protective glass were shot, including approximately 80 rounds at the company's Portable Transparent Ballistic Shield (PTBS). Emmy Award-winning CBS News chief investigative correspondent, Armen Keteyian interviewed Piscitelli, as well as the company's COO Ferg Foley and senior VP of research and development, Vic LaSala.
For more information about ADSI's transparent armor solutions, visit: [ www.adsi-armor.com/transparentarmor.html ].
About the "CBS Evening News"
The "CBS Evening News" is the flagship nightly television news program of the American television network CBS. The network has broadcast this program since 1948, and has used the CBS "Evening News" title since 1963. The "CBS Evening News" is anchored on weekdays by Katie Couric. For more information, go to [ www.cbsnews.com ].
About American Defense Systems (ADSI)
American Defense Systems, Inc. (ADSI) offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers. ADSI engineers also specialize in developing innovative, functional and aesthetically pleasing security applications for the mobile and fixed infrastructure physical security industry. From the New York Stock Exchange to the battlefields of Iraq and Afghanistan, ADSI proudly protects and serves those who defend, serve and protect us with an uncompromising commitment to safety and excellence. For more information about American Defense Systems, go to [ www.adsiarmor.com ].
Some of the statements made by American Defense Systems, Inc. ("ADSI") in this press release, including, without limitation, statements regarding ADSI's anticipated future growth, are forward-looking in nature. ADSI intends that any forward-looking statements shall be covered by the safe harbor provisions for such statements contained in the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "may," "will," "should," "expects," "anticipates," "intends," "plans," "believes," "estimates," "predicts," "potential," "forecasts," "continues" and similar expressions are forward-looking statements. ADSI cautions you that forward-looking statements are not guarantees of performance. ADSI undertakes no obligation and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements involve known and unknown risks and uncertainties that may cause ADSI's actual future results to differ materially from those projected or contemplated in the forward-looking statements. ADSI believes that these risks include, but are not limited to: ADSI's reliance on the U.S. government for a substantial amount of its sales and growth; decreases in U.S. government defense spending; ADSI's ability to contract further with the U.S. Department of Defense; ADSI's ability to comply with complex procurement laws and regulations; competition and other risks associated with the U.S. government bidding process; changes in the U.S. government's procurement practices; ADSI's ability to obtain and maintain required security clearances; ADSI's ability to realize the full amount of revenues reflected in its backlog; ADSI's reliance on certain suppliers; and intense competition and other risks associated with the defense industry in general and the security-related defense sector in particular. Additional information concerning these and other important risk factors can be found under the heading "Risk Factors" in ADSI's filings with the Securities and Exchange Commission, including, without limitation, its most recent registration statement on Form 10. Statements in this press release should be evaluated in light of these important factors.