Appointment of Chief Operating Officer Symbol: CEP Exchange: TSX CALGARY, June 19 /CNW/ -Ceramic Protection Corporation ("CPC" or "the Corporation"), a leading manufacturer and distributor of advanced ballistic protective products, today announced that Douglas K. Stafford has been promoted to Chief Operating Officer for the Corporation. Doug Stafford brings 30 years of experience across three manufacturing industries and a broad range of business acumen that includes leadership roles in the functional areas of Sales, Marketing, Dealer Development, Operations, International Business, Strategic Planning and General Management. Prior to joining Protective Products International, Doug was the Vice President of Resource America, a $200 million division of Interface Inc. In this role, he had General Management and P&L responsibility for twelve business units, strategically positioned throughout the USA. Prior to Interface, Doug was Managing Director and CEO of Steelcase United Kingdom, a $100 million subsidiary of Steelcase, Inc. In this role, he had general management and P&L responsibility for a stand-alone business unit that distributed products throughout Europe. Doug holds a Masters Degree in Business Administration from Pepperdine University and is a seasoned business leader with a proven track record of creating and executing successful growth strategies. "The hallmark of Doug's corporate management career has been operational excellence. He brings exceptional leadership credentials and a proven track record of success that will assist the Corporation in meeting and exceeding our shareholders' and customers' expectations. Doug is a distinguished addition to the corporate management team and will be of tremendous value as we continue to expand and grow our business," stated Mr. Stephen Giordanella, Chief Executive Officer. Business of the Corporation Ceramic Protection Corporation, headquartered in Calgary, Alberta, Canada, with offices in Newark, Delaware and Sunrise, Florida, USA, is a certified manufacturer and distributor of advanced materials for use in the ballistic protection marketplace. The Corporation manufactures a wide range of products used to provide protection for personnel and vehicles, including a wide range of ceramic armour products and multiple composite-based products. In conjunction with its wholly owned subsidiary Ceramic Protection Corporation of America of Newark, Delaware, the Corporation also manufactures a wide range of boron carbide, silicon carbide and polyethylene products for use in personnel armour systems. PPI of Sunrise, Florida, manufactures a growing range of soft armour products for the law enforcement and military markets. Forward Looking Statements This release may contain forward looking statements including expectations of future sales, cash flow, and earnings. These statements are based on current expectations that involve a number of risks and uncertainties that could cause actual results to differ from those anticipated. These risks include, but are not limited to, uncertainties associated with the defense industry, commodity prices, exchange rate fluctuations, and risks resulting from potential delays, appeals or changes related to government orders in the defense sector. The Corporation depends on reliable supplies of high quality source materials used in the manufacturing of armour products, including aramid fabrics and polyethylene materials, and works actively with key suppliers to ensure that requirements and demands for these materials are anticipated and properly met. The foregoing is not exhaustive and other risks are detailed from time to time in other disclosure filings of the Corporation. Should one or more of these risks or uncertainties materialize, or should stated assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated or expected. The reader is also referred to other uncertainties and risks discussed in detail in the MD&A section of the Corporation's December 31, 2006 Annual Report dated March 20, 2007 and also the Corporation's Annual Information Form. In light of certain sensitive aspects in regard to customers and products, the Corporation may choose not to disclose all information related to the purchasers of its products, such as government agencies, countries or other end-users. Armour products destined for export which are manufactured in Canada must first be approved by the Canadian Department of Foreign Affairs and International Trade. Products manufactured for export in the United States must be approved for export by the appropriate government agencies. Other armour sales may be made to recognized domestic agencies such as the military and those involved in local, provincial, or national law enforcement and homeland security matters. << Mr. Steve Giordanella Mr. Larry Moeller Chief Executive Officer Chairman >> %SEDAR: 00001737E For further information: Investor Relations: Analyst and investor relations calls should be addressed to Ms. Grimie Villarreal, Corporate Investor Relations, at (954) 846-8222. Interested parties are also referred to the Corporation's website www.cerpro.com for further information about the Corporation, its products and other recent announcements CO: Ceramic Protection Corporation ST: Alberta NI: 2575 WNEWS -0- Jun/19/2007 16:12 GMT
Ceramic Protection Corporation - Corporation Announces
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