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Technology Stocks : BLGA - BlastGard International, Inc. (Bulls Board)
BLGA 0.01320.0%Aug 2 4:00 PM EDT
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From: xcentral15/24/2011 9:06:22 AM
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BlastGard Subsidiary HighCom Security Reinstated as Contractor for U.S. Department of the Army

CLEARWATER, Fla., May 24, 2011 BlastGard International, Inc., is pleased to announce that its recently acquired subsidiary HighCom Security, Inc ("HighCom"), a worldwide security equipment provider has been reinstated as a contractor by the U.S. Department of the Army. The suspension, which came into effect March 16, 2010 was terminated on April 26, 2011 which now allows HighCom future contracting with any agency In the executive branch of the United States Government.
The suspension was ended upon a request by BlastGard earlier this year as a result of the change in ownership and control of HighCom; specifically HighCom's successfully completion of the U.S. State Department DDTC corporate restructuring program.

Michael Gordon, CEO of BlastGard stated, "We are glad the U.S. State Department has decided to lift its policy of denying HighCom an export license. Our hard work in restructuring and implementing remedial measures at HighCom, such as instituting a written code of ethics as well as a monitoring program to ensure employees comply with applicable regulations are being acknowledged and rewarded."
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