FFDH (.145) Fortified Holdings Expands Sales Penetration and Production Capacity via Agreements With U.S. Cavalry and Da-Tech Corporation
Wednesday, June 11 2008 11:33 AM, EST
Market Wire "US Press Releases "
WASHINGTON, DC -- (MARKET WIRE) -- 06/11/08 -- Fortified Holdings Corp. (OTCBB: FFDH) ("Fortified" or the "Company") is pleased to announce that specialty distributor/reseller U.S. Cavalry (www.uscav.com) has become the latest addition to the Company's growing list of authorized resellers.
Founded over 35 years ago, Kentucky -based U.S. Cavalry, a division of Cavalry Security Group (CSG), is one of the nation's top multi channel distributor/resellers for high-quality military, law enforcement and homeland security equipment. The company was the first military supplier to focus on outfitting the individual soldier with new equipment and customized services.
U.S. Cavalry reaches both individual and agency customers through a variety of mediums. They have one of the best known catalog/buyers guides in the industry. U.S. Cavalry also offers a comprehensive web-based ecommerce solution as well as a sales team of account managers focused on servicing their large and diverse military and law enforcement agency customer base regardless of where they are deployed around the globe. CSG also provides advanced anti-terrorism training to more than 50 foreign friendly countries as well as numerous police departments across the USA.
In response to the growing demand and forecasts for increased sales, Fortified Holdings is further pleased to announce it has entered into an agreement with Pennsylvania -based Da-Tech Corporation (www.da-tech.com) for outsourced production of key components of the NOMAD deployable command and control product line.
Using state-of-the-art documentation and configuration control systems, the Da-Tech production facilities are ideally suited to provide Fortified with the mix of mechanical and electronic component assembly required to ensure a consistent level of quality and timely delivery.
Paul Litwack, President & CEO of Da-Tech, states, "We look forward to performing a significant role as we enter into this relationship with Fortified. We aim to assist by virtue of bringing to bear our core competencies that should result in a reduction of product lead-times, a lowering of capital expenditures, and over time, a reduction in overall product and program costs."
Fortified President Steve Cooper comments, "U.S. Cavalry is a major addition to our reseller team and we look forward to the increased exposure this agreement is sure to bring. As news of this latest addition was being formalized, we were doubly lucky in that we could include the announcement our new arrangement with Da-Tech at the same time. We identified the increasing need for a contract manufacturer as a result of positive forecasts for the year ahead and are very pleased with the level of expertise that we now have available to us. With Da-Tech's assistance, we will shortly be able to make a quantum leap forward in production capacity and on-time delivery."
Fortified Holdings Corp. (OTCBB: FFDH) www.fortifiedholdings.com
Fortified Holdings Corp. is a diversified internationally focused holding company with a portfolio of dynamic and rapidly expanding industry leading business units servicing the needs of first responders, the military, relief organizations, high-risk industries and similar sectors. The current and proposed business units and the portfolio companies within them will all share a common goal of designing, developing, manufacturing and globally marketing products and solutions designed to enhance the ability of personnel in this sector to collaborate, to provide improved security services, and to respond to individuals and communities in need at times of crisis. Visit our website at: www.fortifiedholdings.com
Notice Regarding Forward-Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation, expectations, beliefs, plans and objectives regarding future activities. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Fortified Holdings to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop future assets, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Fortified Holdings Corp. , or any affiliates, has little or no control.
Fortified Holdings Corp.
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Brendan Reilly, CEO
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