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American Defense Systems, Inc.: American Defense Systems Files Registration Statement for Public Offering

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  Published in House and Home on Wednesday, October 7th 2009 at 5:37 GMT by Market Wire
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HICKSVILLE, NY--(Marketwire - October 7, 2009) - American Defense Systems, Inc. (NYSE Amex: [ EAG ]) ("ADSI") has filed a registration statement with the Securities and Exchange Commission for a proposed public offering of common stock in an aggregate offering amount of up to $20 million. ADSI expects to grant the underwriters an option to purchase additional shares of common stock to cover over-allotments, if any. ADSI intends to use the net proceeds from the offering to redeem $7.5 million in stated value of its Series A Convertible Preferred stock and for general corporate purposes, including working capital and capital expenditures.

Roth Capital Partners, LLC will act as book-running manager for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be a sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

When available, copies of the preliminary prospectus relating to the offering may be obtained by written request to Roth Capital Partners, LLC, 24 Corporate Plaza Drive, Newport Beach, California 92660, Attention: Equity Capital Markets. It also may be obtained by calling (949) 720-7194 or sending a request via email to [ rothecm@roth.com ].

About American Defense Systems

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. For more information, visit the ADSI corporate Web site at [ www.adsiarmor.com ].

Statements made by ADSI in this press release, 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," "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.

A discussion of the risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements can be found under the heading "Risk Factors" in ADSI's filings with the Securities and Exchange Commission, including, without limitation, its most recent annual report on Form 10-K and quarterly report on Form 10-Q, and its registration statement on Form S-1 filed with the SEC on October 2, 2009. Statements in this press release should be evaluated in light of these important factors.