Todays contract news
A million dollar extension so not big bucks but relevant
Pacific Safety Products Inc. Announces Advance Notice on Canadian Government Contract Extension
Tuesday March 6, 9:00 am ET
KELOWNA, BRITISH COLUMBIA--(CCNMatthews - March 6, 2007) - Pacific Safety Products Inc. (TSX VENTURE:PSP - News; "PSP" or "the Company") announced today that Canada's Department of National Defence (DND) intends to exercise its options for the production of Personal Protective Shields, valued at C$1.0 million. This product has general purpose use by the Canadian Forces.
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Exercise of this option brings the total order value to approximately $3.0 million, based on the original order for $2.0 million announced in January 2007 and the contract extension of an additional $1.0 million. Deliveries of this contract extension are expected to commence in the summer of 2007, based on production in PSP's manufacturing operation in Arnprior, Ontario.
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