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Guardian Technologies, Inc. (Nasdaq GRDN) manufactures & distributes soft armor products, primarily superior quality ballistic protective vests, for law enforcement officers, armed forces personnel, and other individuals or groups requiring protective equipment. Shares Out: 1,110,000 Float: 100,000 Institutional Holdings: 200,000 52 Week High: $4.00 52 Week Low: $0.88 Web site: guardiantech.com First quarter sales ending March 31, 1998 rose 201% to primarily from its GSA contract (Contract number GS-07F-9473G valid from June 1, 1997 - July 31, 2001) The net loss for the same period decreased to $.14 per share from $.30 per share. In connection with the company's efforts to reduce costs, the salaries of the President and Vice President have each been reduced from $100,000 to $77,900 effective with the pay period commencing on February 17, 1997. Recent acquistions include N/S Microwave whose 1997 revenue total 5.8M. The company was founded by Oliver L. North. North, President and Chairman of the Board, graduated from the U.S. Naval Academy in Annapolis, Maryland and served 22 years as a U.S. Marine. His awards for service in combat include the Silver Star, the Bronze Star for Valor and two Purple Hearts for wounds in action. He was assigned to the National Security Council Staff during the Reagan Administration. For more information Contact: Joseph F. Fernandez, Vice President 22570 Markey Court Dulles, Virginia 20166 Phone: 703/ 444-7931 Fax: 703/ 444-9894 | ||||||||||||||
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