American Defense Systems, Inc. �ADSI� (AMEX: EAG), offering advanced transparent as well as opaque armor, architectural hardening and security products for the defense and homeland defense markets, announced today that Inc. has ranked the Company as one of the fastest-growing private companies in America. The 2008 Inc. 5,000 list was launched on August 20, 2008, covering high growth oriented private companies through the period ended December 31, 2007. American Defense Systems� ranking reflects its status as a private company in 2007, having subsequently completed its initial public listing on the American Stock Exchange. American Defense Systems earned the rank of 696 out of the 5,000 companies ranked in the annual 2008 Inc. 5,000 analysis, an expansion of the Inc. 500 which, according to Inc., has served as a benchmark for the most innovative, dynamic, and successful private companies in the nation since 1982. The Inc. 5,000 includes the Inc. 500 but, according to Inc., digs deeper to offer a more comprehensive look at the entrepreneurial private company growth engines helping drive the U.S. economy. Anthony Piscitelli, ADSI�s Chief Executive Officer, remarked, �We are honored to have been recognized as one of America�s fastest growing and entrepreneurial businesses. This prestigious ranking is particularly helpful in the wake of our public listing on the American Stock Exchange, and increasing ADSI�s exposure within the investment community.� The Inc. 5,000 is ranked according to percentage revenue growth over a four year period. Additionally, contending companies must be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2007. Since then, a number of companies on the list have gone public, including American Defense Systems, Inc. About Inc.com Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com's audience of business leaders. For additional information regarding the Inc. 5,000 please visit http://www.inc.com/inc5000. About American Defense Systems, Inc. American Defense Systems, Inc. �ADSI� (AMEX: EAG) offers advanced solutions in the design, fabrication, and installation of transparent and opaque armor, security doors, windows and curtain wall systems for use by military, law enforcement, homeland defense and corporate customers. ADSI engineers also specialize in developing innovative, functional and aesthetically pleasing security applications for the mobile and fixed infrastructure physical security industry. For more information about American Defense Systems, Inc. please visit the corporate Web site at http://www.adsiarmor.com Some of the statements made by American Defense Systems, Inc. (�ADSI�) in this press release, including, without limitation, statements regarding ADSI�s anticipated future growth, are forward-looking in nature. ADSI intends that any forward-looking statements shall be covered by the safe harbor provisions for such statements contained in the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as �may,� �will,� �should,� �expects,� �anticipates,� �intends,� �plans,� �believes,� �estimates,� �predicts,� �potential,� �continues� and similar expressions are forward-looking statements. ADSI cautions you that forward-looking statements are not guarantees of performance. ADSI undertakes no obligation and disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Forward-looking statements involve known and unknown risks and uncertainties that may cause ADSI�s actual future results to differ materially from those projected or contemplated in the forward-looking statements. ADSI believes that these risks include, but are not limited to: ADSI�s reliance on the U.S. government for a substantial amount of its sales and growth; decreases in U.S. government defense spending; ADSI�s ability to contract further with the U.S. Department of Defense; ADSI�s ability to comply with complex procurement laws and regulations; competition and other risks associated with the U.S. government bidding process; changes in the U.S. government�s procurement practices; ADSI�s ability to obtain and maintain required security clearances; ADSI�s ability to realize the full amount of revenues reflected in its backlog; ADSI�s reliance on certain suppliers; and intense competition and other risks associated with the defense industry in general and the security-related defense sector in particular. Additional information concerning these and other important risk factors can be found under the heading �Risk Factors� in ADSI�s filings with the Securities and Exchange Commission, including, without limitation, its most recent registration statement on Form 10. Statements in this press release should be evaluated in light of these important factors.
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