posted
This could hit national news when this event takes place tommorrow.
------------------------------------ Spartan Motors and Force Protection to Host Investor Event with Cougar and Buffalo Military Vehicles in New York City PR Newswire - June 27, 2006 09:56 Event to Mark Three Years of Combat Operations without a Reported Fatality
CHARLOTTE, Mich., June 27, 2006 /PRNewswire-FirstCall via COMTEX/ -- Spartan Motors, Inc. (Nasdaq: SPAR) and Force Protection, Inc. (OTC Bulletin Board: FRPT) will display a Cougar and a Buffalo military vehicle in front of the St. Regis Hotel in New York City on June 28 from 10 a.m. ET to 3 p.m. Both companies' management teams will also present the same day to a group of professional investors at a special analyst lunch event.
"Both of these vehicles are deployed today in places such as Iraq and Afghanistan and are saving the lives of our military men and women," said John Sztykiel, president and CEO of Spartan Motors. "Our aim in bringing these vehicles to New York City is to make the people aware of the new technology our military is using to defeat the deadly threat of IEDs (Improvised Explosive Devices).
"At the same time, it's an opportunity for Spartan Motors and Force Protection to inform the investment community of our technical expertise in manufacturing these unique specialty vehicles and the impact of recent significant orders on our business."
The Cougar is a medium-sized, blast-protected vehicle produced in both four- and six-wheel configurations which can be customized for multiple tasks including urban patrol, route clearance support, troop transport, mine and explosive ordnance disposal, command and control, reconnaissance and as a lead convoy vehicle.
The Buffalo is an anti-mine/IED vehicle that uses a 30-foot robotic arm and iron claw with a specialized camera and sensing equipment to allow soldiers to examine and disarm potential threats without leaving the safety of the armored hull. Both vehicles utilize a unique V-shaped hull designed to deflect the force of explosions away from passengers inside the armored hull. To date, not a single fatality has been reported in either a Cougar or Buffalo despite over 1,000 mine detonations.
About Spartan Motors
Spartan Motors, Inc. (http://www.spartanmotors.com ) designs, engineers and manufactures custom chassis and vehicles for the recreational vehicle, fire truck, ambulance, emergency-rescue and specialty vehicle markets. The Company's brand names -- Spartan(TM), Crimson Fire(TM), Crimson Fire Aerials(TM), and Road Rescue(TM) -- are known in their market niches for quality, value, service and being the first to market with innovative products. The Company employs approximately 900 at facilities in Michigan, Alabama, Pennsylvania, South Carolina, and South Dakota. Spartan reported sales of $343.0 million in 2005 and is focused on becoming the premier manufacturer of specialty vehicles and chassis in North America.
About Force Protection
Headquartered near Charleston, South Carolina, Force Protection, Inc. (OTC Bulletin Board: FRPT) manufactures ballistic and mine protected vehicles through its subsidiary. These specialty vehicles are designed to offer significant protection against landmines, hostile fire and IEDs. For more information about Force Protection, visit http://www.forceprotectioninc.com .
The statements contained in this news release include certain predictions and projections that may be considered "forward-looking statements" under the securities laws. These forward-looking statements are identifiable by words or phrases indicating that the Company or management "expects," "believes" or is "confident" that a particular result "may" or "should" occur, that a particular item "bodes well," that the Company "looks forward" to a particular result, or similar statements. These statements involve many risks and uncertainties that could cause actual results to differ materially, including but not limited to economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services and prices. Accounting estimates are inherently forward-looking. Additional
-------------------- "Great Day for Up!"....Dr. Seuss
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Bound for Iraq, Army vehicles stop off in Manhattan Wednesday June 28, 2006 NEW YORK (AP) Two of the U-S military's anti-mine vehicles, including a 23-ton vehicle called ``the Buffalo,'' stopped off in midtown Manhattan today on their way to war duty in Iraq.
The scene attracted a crowd, especially when one briefly snarled traffic outside the posh St. Regis Hotel by driving a half a block for t-v cameras.
The Buffalo and the 19-ton Cougar are used for the most dangerous job in Iraq finding and detonating roadside bombs.
Despite improved armor and tactics, statistics show that roadside bombs have killed an average of 40 Americans a month over the past year.
The Buffalos and Cougars, in use for nearly three years in Afghanistan and Iraq, have absorbing more than 1-thousand roadside bombs without any fatal casualties.
About 200 of the blast-resistant vehicles are in service with U-S forces in Iraq and Afghanistan. The Buffalo costs about $750-thousand dollars and the Cougar about $500-thousand dollars.
(Copyright 2006 by The Associated Press. All Rights Reserved.) In the interest of timeliness, this story is fed directly from the Associated Press newswire and may contain occasional typographical errors.
-------------------- "Great Day for Up!"....Dr. Seuss
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lol not to worry Jo. i have tried flipping this and have always failed and ended up losing 10% everytime I tried to flip. after learning it twice and at early stages of 2.25 and 2.85, never again have I tried to flip this one . have nice weekend.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Force Protection Exceeds June Production Objectives, Fulfills DOD Cougar Contract 10:25 a.m. 07/03/2006 Provided by
LADSON, S.C., Jul 03, 2006 (BUSINESS WIRE) -- Force Protection, Inc. (FRPT) today announced it has again exceeded vehicle production objectives. The armored vehicle manufacturer produced and delivered 19 Cougar Joint Explosive Ordnance Disposal Rapid Response Vehicles (JERRV) and three Buffalo route clearance vehicles to the U.S. government in June.
"This is an important season for Force Protection," said CEO Gordon McGilton. "Starting in November 2005, we committed substantial time and resources to the expansion of our production capacity and capabilities, and we have met or exceeded production schedules each month since as a result. We look forward to continuing this remarkable upward trend as we address the Iraqi Light Armored Vehicle (ILAV) contract."
Force Protection was awarded a contract by the U.S. Department of Defense in May 2005 for 122 Cougar JERRVs for use by all branches of the armed forces. The contract, administered by the Marine Corps, was slated for completion in June 2006.
"We have done precisely what we committed to do," said Vice President for Marine Corps Programs Wayne Phillips. "The completion of the JERRV contract took place as we told the Marines last year when our ramp-up efforts began. In addition, we are on track for the on-time completion of the current Buffalo contract with the Army, and will apply these same practices to the ILAV program."
Force Protection's Buffalo and Cougar vehicles have been deployed in Iraq and Afghanistan since 2003. Popular with military engineers and explosive ordnance disposal teams, not a single reported fatality has occurred in three years despite more than 1,000 mine detonations and improvised explosive device attacks.
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.
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 http://www.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.
Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild*policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015 investorrelations*forceprotectioninc.com
Copyright Business Wire 2006
-------------------- "Great Day for Up!"....Dr. Seuss
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Message from CEO Publisher: Force Protection, Inc. Date: 07/11/2006
Force Protection would like to confirm that, to the company’s knowledge, all of its Cougar vehicles deployed in Iraq are currently operational or undergoing routine maintenance procedures.
Force Protection also confirms that the company has specific information to indicate that none of its Buffalo or Cougar vehicles were involved in the recently reported fatal attack in Ramadi.
Our mission to protect and save lives continues.
Gordon McGilton July 11, 2006
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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I never even saw anything about the Buffalo's or Cougars being involved in the fatal attacks in Ramadi. But I WAS wondering why the PPS was falling.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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Document Type: Special Notice Solicitation Number: DON-SNOTE-060710-002 Posted Date: Jul 10, 2006 Original Response Date: Current Response Date: Original Archive Date: Jul 30, 2006 Current Archive Date: Jul 30, 2006
Contracting Office Address M67854 Quantico, VA Description The Marine Corps Systems Command, Ground Transportation Engineering Systems (GTES) intends to award a sole source Contract to Force Protection Industries, Inc (FPII) of Ladson, South Carolina for twelve (12) sets of Armox steel plates for Cougar vehicles. This acquisition will be accomplished in accordance with FAR 6.302-1, for Other Than Full & Open Competition. Responsible sources capable of satisfying this requirement are encouraged to submit a statement of capability and costs, which if timely received, will be considered. Information must be provided to the contact cited below no later than 12:00 PM (EST) 21 July 2006. The point of contact for this effort is Captain Juan Arratia at juan.arratia*usmc.mil.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Demand for Specialty Armored Vehicles Increases as Force Protection, Inc. Announces Additional Production Lines Business Wire - July 17, 2006 08:25
LADSON, S.C., Jul 17, 2006 (BUSINESS WIRE) -- Force Protection, Inc. (OTCBB:FRPT) today announced it is expanding production to meet increased demand for its mine-protected vehicles.
"Our customers in uniform recognize the unmatched protection our vehicles provide and continue to order them at an unprecedented rate," said CEO Gordon McGilton. "As a result, Force Protection is engaged in efforts to triple its internal manufacturing capacity, as well as make use of other companies' capacity to fill present and future orders. We are also increasing our workforce, and today exceeded our 500th employee. We had just twelve employees in the beginning of 2004."
Force Protection's Buffalo and Cougar armored vehicles have been deployed in the global war on terror since July 10, 2003. Operated by combat engineers and explosive ordnance disposal teams, the vehicles have been used in dangerous detection and removal operations and are recognized as an effective solution to counter IEDs and other explosive threats. Despite inaccurate news reports, no fatalities have occurred in any Force Protection vehicle as the company continues to innovate and enhance the blast protection of its products to ensure that troops have the best protection available.
"We receive constant feedback from the troops that these vehicles are saving lives daily," said Vice President for Army Programs Damon Walsh. "They fill a vital role, and we are now establishing a second and third Cougar production line and doubling Buffalo production to ensure these vehicles are delivered in the numbers required by the men and women who need them most."
More than 200 Buffalo and Cougar vehicles are currently deployed in Iraq and Afghanistan.
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.
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 http://www.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.
SOURCE: Force Protection, Inc.
Policy Impact Strategic Communications Jeff Child, 202-737-5339 (Media Contact) jchild*policyimpact.com or Force Protection, Inc. Investor Relations, 843-740-7015 investorrelations*forceprotectioninc.com
Copyright Business Wire 2006
-------------------- "Great Day for Up!"....Dr. Seuss
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is doing well today. this should be start of new uptrend. long and strong on frpt. never sold a share since 2.19.. and good that i added on the dip on Friday. should see $6.00's soon IMO. chart looks good.
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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Repo, I must admit, I almost sold in a panic on Friday. But I did not. I did buy 500 more on the way down at 5.80. I had a buy order in for some time and had forgotten about it. I kind of wish I would have cancelled that out and bought it even lower. However, at least today things are looking brighter.
Hey, I'm kind of a long, cause I still have 700 of my $2.17 shares.
Sad to say this is the only position I currently hold that is in the green.
Jo
-------------------- "Great Day for Up!"....Dr. Seuss
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Jo, hold for $10 at least. THen take your original investment off the table and ride the rest out. I think we'll be bought out soon, but we can hope for a $15 - $20 share price in '07.
Also, it seems we will be making trucks too... watch the newswires!
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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meanwhile Repo..where had ya been? keep seeing some of your posts in RB board.. but oh well.. welcome back to allstocks and to FRPT thread.. its just me and Jo here right now
-------------------- All my posts are based on my own opinions and not to be taken as buy/sell recommendations.
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posted
I've been laying low.. but I'm back. And we aren't the only ones buying this I hope... actually, I hope we are, because once Joe Public hears about this stock, another explosion.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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