HAUPPAUGE, N.Y.--(BUSINESS WIRE)--July 28, 2005--The management of Defense Technology Systems, Inc. (OTCBB:DFTS - News), released the following statement regarding recent trading activity in the stock of the company: On Tuesday, July 26th, 2005, Defense Technology Systems filed an amended Form 10-KSB for fiscal year ended June 30, 2004. The SEC had requested that the company amend its income statement on its recent annual and quarterly filings to separate, for clarification purposes, gains from debt settlements and gains from write-offs which had initially been reported as a single number. There was no change in the financial results for the 2004 fiscal year. It became apparent from calls received by the company that many investors had mistakenly read the recent filing and assumed it to be the current year filing and expressed concern that the recent acquisition of DCI Corporation did not result in a substantial increase in revenue, as anticipated. The expected revenue increase will be reflected in the Company's annual report on Form 10-KSB for the year ended June 30, 2005, which is expected to be filed by September 30, 2005. Management cannot determine with any certainty that this filing was the cause of the recent drop in share price on higher than average trading volume. However, the company does not have any negative material operational news pending.
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