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From: Yves Beylen	6/12/2008 10:50:56 AM
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PSP.V PSP Announces Corporate Update KANATA, ONTARIO--(Marketwire - June 12, 2008) - Pacific Safety Products Inc. (TSX VENTURE:PSP - News), New Defence initiatives: PSP continues to invest in strengthening its position in the developing market for the dismounted soldier programs in the USA, Canada and other selected international markets. The Company believes the integration of protective products with situational awareness is key to future growth in this market. Recent developments in this area include: U.S. Army Opportunities - The Company has been requested to provide pre-production units of its revolutionary helmet liner product to the U.S. Army for user trials scheduled for later this year. This is an early reinforcement of PSP's strategy to focus on U.S. military program opportunities. - PSP has been invited to participate in wear trials of two body armor products for the U.S. Army. These trials will occur this summer. A decision on follow on procurement strategy and fielding will follow before the end of this year. Canadian Department of Defence Opportunities - PSP has identified both short and mid term opportunities for its current suite of protective products as well as longer term new programs. The Company estimates potential sales of $10 to $15 million within the next six to nine months for existing designs with advance orders possibly as early as its Quarter One of Fiscal 2009. U.S. Law Enforcement Market Growth: PSP through its US subsidiary Sentry Armor Systems Inc. is making steady progress in growing its law enforcement body armour business. Sentry has more than a 50% increase in its revenue from Fiscal 2007 to Fiscal 2008 and the Company expects growth in that range to continue into the future. Through the acquisition of Gator Hawk Armor (GH Armor) the Company has also accessed an international market for its products. Recent developments in this business area include: U.S. Law Enforcement - Sales for GH Armor and other PSP products manufactured in the USA continue to strengthen. May was the best month ever for new orders for the U.S. subsidiary with over $1 million of bookings. International Orders - Increased sales activity in our international markets for soft body armour with orders from Japan, Spain, Mexico and the United Arab Emirates. These are estimated to generate $2 million of revenue in the next 12 months.

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