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[QUOTE]Originally posted by Repoman75: [QB] Force Protection, Inc. Announces Operating Profitability, Positive Cash Flows for First Quarter Tuesday May 16, 7:45 am ET LADSON, S.C.--(BUSINESS WIRE)--May 16, 2006--Force Protection, Inc. (OTCBB:FRPT - News) achieved operating profitability and positive cash flows from operations during the three-month period ending March 31, 2006 on total sales of $34.8 million. The company recorded a gross profit for the quarter of $6.6 million, an operating profit of $114,000 and positive cash flows from operations of $7.2 million. These results reflect the dramatic increase in vehicle production from the same period in 2005. "We are extremely pleased to have such a strong sales performance thus far in FY06," said Force Protection CEO Gordon McGilton. "This reflects the fact that our life-saving vehicles are being shipped to the troops in increasing numbers, and that awareness of the proven solution these vehicles provide to the problem of IEDs is also increasing." Force Protection's net cash flow from operations in the first quarter was recorded at $7.2 million, compared with a loss from operations of $5.4 million in the first quarter of 2005. The company realized an overall net loss for the three-month period ended March 31, 2006 of $665,633, resulting from interest expenses incurred during the quarter. "To achieve operating profitability is a significant milestone for Force Protection," said McGilton. "We are now seeing the benefit of the hard work we put in last year to develop and execute our production plan. We look forward to continuing this strong performance during 2006 as we establish greater production efficiencies and optimize our internal business processes." Force Protection expects the number of its Cougar troop transport and Buffalo route clearance vehicles in Iraq and Afghanistan to more than double by July 2006. There are currently more than 100 vehicles deployed in the war in Iraq. [/QB][/QUOTE]
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