BB's Stock Haven

[mrgreen07]

PARADIGM TACTICAL PR (U-PDGT) - News Release

Paradigm Tactical to Implement Financial Information Disclosure

2008-03-20 10:34 ET - News Release


GEORGETOWN, Mass. -- (Business Wire)

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 intends to implement a procedure to update financial information on a regular and periodic basis.

The accurate disclosure of pertinent financial information is essential for investors to make informed decisions about the valuation of a company. Paradigm Tactical Products will begin disclosure of pertinent information starting in the second quarter of 2008. This will begin with the quarterly reporting of outstanding shares and capitalization structure on the Pinksheets.com web site. The company intends to expand this reporting by year end to include an Income Statement and a Balance Sheet. The company will continue to provide timely release of material news as it occurs.

Paradigm Tactical Products CEO Vincent Cammarata affirms this decision by stating, “I believe that investors will feel confidence in our company by receiving reliable and predictable dissemination of our financial information. When I took over as the Chief Executive of Paradigm there were many policies in place that are not appropriate for emerging public companies. The company experienced rogue shareholder calls not only to its transfer agent but partners and customers as well. The overzealousness of shareholders in their quest for information is not only inappropriate but also potentially damaging to future business relationships that the company is forging.” Cammarata continued, “I certainly believe that all of our investors deserve accurate information about the company that they have chosen to invest in however this information should only be made public by management. It is the role of management to make regular issuance of capitalization and financial condition via a reputable source. The management of Paradigm also has the responsibility of keeping certain information confidential. The details regarding certain relationships between partners and customers, if disclosed to the public, could have devastating consequences to our competitive advantages and we must do our best to insure that no such inappropriate disclosures ever occur.”

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.

Contacts:

Paradigm Tactical Products
Vincent Cammarata, 407-455-3810 or 407-791-3183
President and CEO
[e-mail]

Source: Paradigm Tactical Products Inc.