GEORGETOWN, MA -- (Marketwire) -- 06/05/09 -- Paradigm Tactical Products, Inc. (PINKSHEETS: PTPC) is pleased to announce that the company is finalizing a definitive agreement to acquire a rapidly emerging biofuels company.
Paradigm Tactical Products, through a company to be announced, eminently aims to capitalize on one of the industry's largest evolving global sectors. Emerging into a cost effective producer of biofuels, the company is prepared to meet the developing demands of an environmentally changing society.
The company anticipates that this transaction will be finalized by a definitive agreement within the next several business days and will make a detailed announcement shortly thereafter. We anticipate that the conclusion of this transaction will bring significant enhancement to shareholder value and launch the company into an expanding, competitive and demanding market.
About Paradigm Tactical Products
Paradigm Tactical, based in Georgetown, Massachusetts, is a leading provider of detection technology and homeland security solutions to the military as well as corrections, law enforcement and security industry. The Company owns rights to license, manufacture, market, and sell all of its devices. As the heightened attentiveness to terrorist and other security threats continues to increase, Paradigm Tactical is meeting the higher demand for security and inspection systems. The Company has sold products to numerous Federal, State, and local institutions.
Safe Harbor Statement from Paradigm Tactical Products, Inc.: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are 'forward-looking statements' as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors.