Current Quarter to Include Revenue from Newly Acquired Subsidiary; Defense Technology Acquired a Majority Interest in DCI on April 6th Defense Technology Systems Inc. (OTCBB:DFTS) announced today that the Company anticipates substantial revenue growth from the quarter ending March 31st, 2005, to the ending of the current quarter on June 30th. "Last week Defense Technology released the last quarterly report reflecting financial performance prior to the implementation of our recently announced revitalization and redirection plan," said Philip Verges, a board member speaking on behalf of the entire Board of Directors. "The Company has spent a very difficult year preparing for a major shift in direction. On April 6th, Defense Technology completed the majority acquisition of DCI, a defense industry systems engineering firm. This acquisition marks a continuation of our plan to build Defense Technology into a leading provider of Homeland Security solutions to major metropolitan municipalities. The Company's next financial report will reflect the current benefit and future promise of our revitalization and redirection plan with a substantial increase in revenue for the current quarter over the last quarter ended on March 31st." Defense Technology Systems recently implemented a revitalization and redirection plan to leverage its experience in providing digital communication infrastructure solutions to Fortune 1000 companies and expand into providing overall Homeland Security solutions to major metropolitan municipalities. To accelerate the plan, Defense Technology recently acquired a majority interest in an established defense engineering firm with 15 years of experience and a portfolio of proprietary technologies. Through acquisition, Defense Technology has trailing twelve month revenue of $5 million and plans to significantly build on this revenue through organic growth, new initiatives and potential acquisitions currently under negotiation. About Defense Technology Systems, Inc. Defense Technology Systems, Inc. is an international provider of data and security solutions focused on the Homeland Security and Defense industries. The Company offers a broad portfolio of security-related products, including ballistic glass, video surveillance, infrastructure security and associated security systems. The Defense Systems team, working in collaboration with its partners, will design, develop, manufacture, install and market specialty products, equipment, and systems for the safety and security needs of all sectors of the domestic and international marketplace. In addition, DFTS recently acquired a majority interest in DCI Corporation (www.dci-corp.com) , a leading edge technology company with over 15 years of experience in engineering specialized hardware and software solutions when commercial-off-the-shelf (COTS) products do not fulfill the critical requirements of enterprise, military or government organizations. DCI's experience has earned them the reputation as a respected Homeland Security solution provider with a broad portfolio of innovative proprietary technologies. This press release contains statements (such as projections regarding future performance) that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to those detailed from time to time in the Company's filings with the Securities and Exchange Commission. For more information on Defense Technology Systems, Inc. visit: www.DefenseTechnologySystems.com
Defense Technology Systems (CE) (USOTC:DFTS)
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