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Strategies & Market Trends : Can you beat 50% per month? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (9885)	5/3/2006 2:59:55 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 19256

FRPT - big blocks starting to roll in. 2.36 ask This is a huge contract for a small company dealing with a very current issue. The stock is still in range of pre-contract, affording lots of room up, particularly as word spreads bigcharts.marketwatch.com Force Protection, Inc. Receives $50 Million Contract for Cougar Armored Vehicles Wednesday May 3, 2:43 pm ET LADSON, S.C.--(BUSINESS WIRE)--May 3, 2006--The U.S. Department of Defense has awarded armored vehicle manufacturer Force Protection, Inc. (OTCBB:FRPT - News) a contract for 79 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV), field support, training and spare parts materials. The contract is worth approximately $50 million. "We see the devastating effects of IEDs on our armed forces daily," said Force Protection CEO Gordon McGilton. "We are extremely pleased with this new order, which signals that our vehicles are looked to by military and government leaders as a proven solution that continues to save lives in the face of this insidious threat." The contract is funded by the Joint Improvised Explosive Device Defeat Organization, and will include management and logistics support provided by Force Protection. "These vehicles are critically needed," said McGilton. "Led by Senator Lindsey Graham, who has been a strong advocate of new technology and better equipment to protect our men and women in combat, the Congressional support for more of our vehicles is growing rapidly. We look forward to seeing greater numbers shipped to the fight in the future." More than 64 percent of U.S. combat deaths in Iraq are attributed to IEDs. The cutting-edge technology of the Force Protection vehicles includes a V-shaped hull design that deflects the force of these blasts away from passengers inside the armored hull, and incorporates off-the-shelf American automotive components including truck chassis built by Spartan Motors, Inc. in Charlotte, Michigan. To date, no fatalities have been reported in any Force Protection vehicle. About Force Protection Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C. For more information on Force Protection and its vehicles, go to www.forceprotection.net. This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law. Contact: Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild@policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015, Ext. 306 investorrelations@forceprotectioninc.com Source: Force Protection, Inc.