BlastGard International Reports First Quarter 2009 Results
CLEARWATER FL, May 15, 2009 - BlastGard International (OTCBB; BLGA) BlastGard International (OTCBB; BLGA) reported financial results for the quarter ended March 31, 2009.
Revenues for the first quarter were $12,091 compared to $12,056 reported in the first quarter of 2008. For the first quarter of 2009, BlastGard International reported a net loss of $271,142 or $(0.01) per share based on the weighted average of 42,557,478 shares outstanding compared to a net loss of $527,366 or $(0.01) per share reported in the first quarter of 2008 based on the weighted average shares outstanding of 37,061,915. Our ability to continue as a going concern requires the immediate raise of capital from the sale of capital stock, debt borrowings and/or immediate revenues from operations. We can provide no assurances that we will be able to raise capital from the sale of our capital stock or borrow money on terms satisfactory to us, if at all, or obtain sufficient cash flow from operations.
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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