Global Platinum + Gold, Inc. to Provide Key Components for Body Armor
The following is being issued by Global Platinum + Gold, Inc. (OTC:GPGI):
Global is pleased to announce that it has entered into an Agreement with JBIT, Inc. of Tucson, AZ and Bourque Alloys LLC of Tucson, AZ for the purpose of manufacturing under a license from JBIT and Bourque Alloys the key components incorporated into a new and innovative body armor that will be sold to law enforcement agencies and the military by JBIT, Inc. The body armor consists of a front and back Kryron plate, which provides an improved barrier to bullets fired from conventional firearms, including armor piercing bullets. In two recent demonstrations for law enforcement personnel in Tucson and Phoenix, the armor plate was stationed 15 feet from the shooter and absorbed multiple impacts to the plate without passing through the standard military protective vest. The Kryron armor, also known as the “Kryron Terminator Multi-Impact Armor” is able to absorb the shock of the bullets impact, thus preventing penetration through the vest. (See photos of Tucson shoot at jbitusa.com)
Production of the components that comprise the Kryron material will commence within the next few days. Current production capacity will be negligible for the first few weeks until such time as the equipment necessary for the production process are in place at our facility near Coolidge, AZ. Global will work directly with JBIT, Inc. throughout the entire production process.
This communication to shareholders and the public contain certain forward looking statements. Actual results may vary materially from those indicated by such statements. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding estimated revenues, estimated future production, and the value thereof, are forward looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
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