Tuesday, March 11, 2008 10:14:44 AM
Definitive Agreement with ACG Security Group for Radiation Detection Technology Signed and Completed
BusinessWire - March 11, 2008 10:12 AM ET
Paradigm Tactical Products Inc. (Other OTC:PDGT.PK - News), a leading provider of detection technology and homeland security solutions to the military as well as to the corrections, law enforcement and security industry signed the definitive agreement with ACG for a radiation detection technology. The company plans to begin marketing the initial product, the RadDetect 1250, through a distribution network that has been developed over the past months. Paradigm Tactical also plans to expand on this radiation technology in conjunction with ACG to include GPS enabled detectors.
The RadDetect 1250 is a key fob type device capable of detecting both Beta and Gamma radiation as well as locating the direction of the radiations source. The device detects Cesium-137, Iridium-192, Thallium, Cobalt-60, and Strontium-90. It is the only keychain-style personal radiation detector that detects Beta radiation, which includes Strontium-90, a grave concern for dirty bombs. The RadDetect has been approved for purchase by the U.S. Department of Homeland Security Office of Domestic Preparedness.
Paradigm Tactical Products CEO Vincent Cammarata commented, "The introduction of the RadDetect ushers in a new era for our company. We are no longer limited by a one dimensional product line". Cammarata continued, "We expect sales of the RadDetect to grow extremely fast". The company has already received an indication of an order which would exceed all of our 2007 revenue. We expect that a purchase order will be issued for this within 90 days and of course this is only the beginning. The RadDetect is a critical device not only for police and first responders but for every member of the military as well. We believe that we will also gain significant sales in the civilian market especially as world tensions increase and the likelihood of domestic radiation attacks on Americans becomes greater."
About Paradigm Tactical Products
Paradigm Tactical, based in Georgetown, Massachusetts, is a leading provider of detection technology and homeland security solutions to the military as well as corrections, law enforcement and security industry. The Company owns rights to license, manufacture, market, and sell all of its devices. As the heightened attentiveness to terrorist and other security threats continue to increase, Paradigm Tactical is meeting the higher demand for security and inspection systems. The Company has sold products to numerous Federal, State, and local institutions.
For more information: http://www.friskerdirect.com/
Safe Harbor Statement from Paradigm Tactical Products, Inc.: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are "forward-looking statements" as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors.
SOURCE: Paradigm Tactical Products Inc.
Paradigm Tactical Products
Vincent Cammarata, 1-866-FRISKER
President and CEO
IR@paradigmtactical.net
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