BlastGard International Addresses Market Activity
CLEARWATER FL, May 1, 2006 - BlastGard International, Inc. (OTCBB:BLGA), the creator of blast-mitigation products and services, is pleased to announce that a group of investors, led by Anthony Marchese, President of Monarch Capital Group, LLC acquired approximately 2.1 million shares from present BlastGard shareholders who were originally affiliated with OPUS Resource Group, Inc.
BlastGard CEO Jim Gordon said, "This transaction addresses an overhang of shares in the market that we believe has impacted the value of our shares in the past. Having an institution such as Monarch Capital take an interest and position in BlastGard we believe validates the intrinsic value that we know exists."
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.
Company Contact:
BlastGard International, Inc.
Michael J. Gordon
(727) 592-9400 |
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