22.10.2007 13:00:00
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BlastGard International Announces Management Change and Commercialization Strategy
BlastGard International, Inc. (OTCBB:BLGA), a leading provider of
proprietary blast mitigation materials, today announced the appointment
of our Chief Operating Officer, Andrew McKinnon, to the position of
Chief Executive Officer and Board member. McKinnon will assume
leadership responsibilities for the company, with the primary focus to
create sales and bottom line for our shareholders. He takes the reins
from James F. Gordon, who will assume the role of Director of Blast
Mitigation Receptacles.
"Our blast mitigated line of trash and bomb
receptacles is the first fully commercialized product in our product
portfolio and therefore requires my complete attention,”
said James Gordon, co-developer of our Blast mitigating product line.
Andrew McKinnon stated: "We have made some
changes in our business plan to better focus on sales and
accountability. We have worked long and hard to arrive at this stage of
the business plan and are excited about our sales prospects. Our focus
from this point forward is to create revenue and bottom line value for
our shareholders. I believe that we have the best product offering in
the Blast Protection Industry and we intend to establish ourselves as a
dominant force in the industry. An often overlooked advantage we enjoy
is the quality of our Board of directors and independent directors under
the leadership of James F. Gordon, our Chairman. I am very excited to be
joining a Board that is so committed to the long term success of our
company.” About BlastGard International, Inc.
BlastGard International, Inc. creates, designs, develops, manufactures
and markets proprietary blast mitigation materials. The Company's
patent-pending BlastWrap®
technology effectively mitigates blast effects and suppresses post-blast
fires. This unique technology is being used to create new, finished
products or to retrofit to existing products. BlastWrap®
is a market leading product from which blast protection solutions are
built to save lives and reduce damage to valuable assets from
explosions. Additional information on BlastGard can be found at http://www.blastgardintl.com.
``Safe Harbor'' statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, all of the
statements, expectations and assumptions contained in the foregoing are
forward-looking statements that involve a number of risks and
uncertainties. It is possible that the assumptions made by management
are not necessarily the most likely and may not materialize. In
addition, other important factors that could cause actual results to
differ materially include the following: the Company's ability to market
its products; the Company's ability to obtain additional funding; the
Company's ability to obtain regulatory approvals on new products, the
general economy; competitive factors; ability to attract and retain
personnel; the price of the Company's stock; and other risk factors. The
Company takes no obligation to update or correct forward-looking
statements.
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