Sharing Knowledge in Smallcaps

[KauaiPI]

DFNS.ob is disappointing in the short term...

so far, behaving like a typical OTCBB issue and frankly not as I expected. They looked good on paper lol

maybe I just got in too early...

http://biz.yahoo.com/bw/030515/155340_1.html

Defense Industries International Announces Delay in Filing of Form 10-QSB
Thursday May 15, 9:32 am ET


ASHKELON, Israel--(BUSINESS WIRE)--May 15, 2003--Defense Industries International, Inc. (OTCBB:DFNS - News), a leading manufacturer and global provider of personal military and civilian protective equipment and supplies, announced today that its financial results for the first quarter ended March 31, 2003, will be delayed beyond the prescribed deadline of May 15, 2003.

The Company has filed form 12b-25 with the Securities and Exchange Commission, informing them of the delay.

The Company stated that the delay in filing of its quarterly report on form 10-QSB is the result of changes in the responsibilities of its auditors under the guidelines of the Sarbanes Oxley Act. These changes in auditors' responsibilities prevented the timely completion of the review of the Company's financial statements for the first quarter by Defense Industries' independent auditors.

About Defense Industries International, Inc.

Defense Industries International, Inc. ("Defense Industries") (www.defenseindustries.net) is a leading manufacturer and global provider of personal military and civilian protective equipment and supplies. Defense Industries' subsidiary, Export Erez Ltd., was formed and registered in 1983. Defense Industries' main products include body armor, bomb disposal suits and bullet-resistant vests and jackets; ballistic wall covers, helmets, plates and one-way protective windows; personal military equipment, battle pouch units and combat harness units; dry storage units, liquid logistics, tents and vehicle covers; and winter suits, sleeping bags and backpacks.

Defense Industries' products are used by military, law enforcement, border patrol enforcement and other special security forces, corporations, non-governmental organizations and individuals throughout the world. Customers include the Israel Defense Forces, the North Atlantic Treaty Organization (NATO), the United Nations Peacekeeping Forces and other U.N. organizations.

Defense Industries manufactures its own products, thereby enabling it to offer highly competitive pricing and to fulfill product orders on a rapid and efficient basis. Its manufacturing facilities meet American EQNET and international ISO 9002 standards. Quality control in the Company's manufacturing facilities is performed according to ISO 9002; MIL.STD.105D; MIL-I-45208A (for the U.S. Armed Forces); AQAP (for the German Armed Forces and NATO); and the National Institute of Justice (N.I.J.).

Defense Industries' strategic objective is to be the leading global provider of personal military and civilian protective equipment and supplies. Defense Industries intends to realize its strategic objective by, amongst other methods, selectively pursuing strategic acquisitions that enhance its product lines and geographic presence in an effort to consolidate its highly fragmented industry and to create a more diverse and global reach in its marketplace.

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it *is* IMO a cheap stock at the moment... with perhaps good reason as to why <g>

still holding according to my game plan but not suggesting others do so until the light at the end of the tunnel is distinguishable as something beyond an on coming train!

best!
kp