The name change was effected pursuant to Section 253 of the Delaware General Corporation Law, by the merger of Point Blank Solutions, Inc., a wholly owned subsidiary of the Company, with and into the Company. The merger became effective on October 1, 2007 at the time of a Certificate of Ownership and Merger was filed with the Secretary of State of the State of Delaware.
In addition, the Company changed the name of NDL Products, Inc. (one of its operating subsidiaries) to Life Wear Technologies, Inc., effective immediately. Life Wear Technologies manufactures and distributes sports medicine, health support devices and other products for use by serious athletes, weekend sports enthusiasts and general consumers.
Larry Ellis, President and CEO stated, "Over the past year we developed and began implementing a strategy to enhance current operations into a strong platform for future growth. In changing the name of the Company to Point Blank Solutions, Inc, we are aligning our corporate name with our vision to become the global leader in safety apparel and protective solutions. The planned growth in sports medicine and health support products is an important facet of the overall corporate strategy. As such, we changed the name of the business to Life Wear Technologies, Inc. By doing so, we seek to give the Company a name and brand that will afford great opportunities in the future and become an excellent moniker for our planned product line expansion."
About Point Blank Solutions, Inc.
Point Blank Solutions, Inc. is a worldwide leader in the design and production of technologically advanced body armor systems for the U.S. Military, Government and law enforcement agencies, as well as select international markets. The Company is also recognized as the largest producer of soft body armor in the U.S. With state-of-the-art manufacturing and laboratory testing facilities, strategic technology and marketing alliances, and an ongoing commitment to drive innovation, Point Blank Solutions has proven that it can deliver the most advanced body armor solutions, quicker and better than anyone in the industry.
The Company maintains facilities in Deerfield Beach, FL, Oakland Park, FL, Pompano Beach, FL, Jacksboro, TN and Washington, DC. To learn more about Point Blank Solutions, Inc. visit our website at www.PointBlankSolutionsInc.com.
