Perla, director for interactive research, Center
for Naval Analyses, has
more than 30 years of professional wargaming experience.02 $ 0.
hypertext lieutenant
Perla
and Whatley will present ideas on
how to establish a more scientific basis for defining, understanding
and
designing wargames.
The Company reported operating income of $872,742 for the year
2004
, compared with $299,962 for the year 2003. We believe
that our combined expertise and the expected
synergy between our
companies will enable us to offer diversified solutions to existing
and potential
customers as well as provide us with a robust platform
for future growth and international expansion
. The Company's manufacturing
facilities meet American EQNET and international ISO 9001 standards
.serbo affects
Over the years, he has worked on several Navy campaign
studies, designed a naval game, documented
existing Navy wargames and led a
study on the elements that go into such games and their appropriate
usage.seriousgamessummit.
Gross profit for the year ended December 31, 2004 increased by
25.
Commenting
on the results, Joseph Fostbinder, CEO of Defense
Industries said: "We are extremely pleased with
our full-year results. Certain
statements contained in this press release are "forward-looking
statements
" within the meaning of applicable federal securities laws,
including, without limitation, anything
relating or referring to
future financial results and plans for future business development
activities
, and are thus prospective.boyd halloran
organizations. Such risks and
uncertainties include, without limitation
, the risks and uncertainties
set forth from time to time in reports filed by the Company with the
Securities and Exchange Commission. Consequently, future events and actual results
could differ
materially from those set forth in, contemplated by, or
underlying the forward-looking statements
contained herein.
DEFENSE INDUSTRIES INTERNATIONAL, INC.instructed affects
http://www.com) is a leading integrated media company
providing
essential information and marketing services to the entire
technology spectrum -- the builders, sellers
and users of technology
worldwide.compared kongming
Isonics further announced that IUT-Berlin has recently
sold two upgraded
IMS units to the police department in Magdeburg, Germany, for their use in
the
identification of chemical warfare agents and explosives. Isonics' Life Sciences division markets and
sells
isotopes to the health care industry for the imaging and treatment of
cancer.
His involvement
in Global War Game has turned him into a highly-regarded
defense researcher.
Export sales for
the year ended December 31, 2004 increased by
106% to $8,305,787, from $4,030,138 reported for the
year ended
December 31, 2003.serbo mccready
Other important
factors that the Company believes might cause such
differences are
discussed in the risk factors detailed in the Company's 10-KSB for the year
ended
April 30, 2005 and reports subsequently filed with the Securities and
Exchange Commission, which
include the Company's historical cash flow
difficulties, dependence on significant customers, and
rapid development of
technology, among other risks.Navy Wargame Expert Peter Perla to Keynote 2005
Serious Games Summit D.C.
2% to $12,036,404 compared to $9,031,963 for the year ended
December 31, 2003. The Company does not anticipate any major
changes in its gross profit margins
in 2005. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
FOR THE YEARS ENDED DECEMBER 31, 2004 AND 2003
2004 2003
----------- -------
----
NET REVENUES $12,036,404 $ 9,031,963
COST OF SALES
8,811,955 6,455,315
----------- -----------
GROSS PROFIT 3,224,449 2,576,648
----------- -----------
OPERATING EXPENSES
Selling
862,267 862,155
General and administrative
1,489,440 1,414,531
----------- --
---------
Total Operating Expenses 2,351,707 2,276,686
----------- -----------
INCOME FROM OPERATIONS
872,742 299,962
----------- --------
---
OTHER INCOME (EXPENSE)
Financial expense, net (157,505) (240,815
)
Other income, net 46,438 168,715
----------- -----------
Total Other Expense
(111,067) (72,100)
----------- -----------
INCOME
BEFORE INCOME TAXES 761,675 227,862
Less: income tax expense
338,745 94,554
----------- -
----------
Income before minority interest 422,930 133,308
Less: minority
interest 41,761 5,337
----------- -----------
NET INCOME 381,169 127,771
----------- -----------
OTHER COMPREHENSIVE
INCOME
Foreign currency translation gain, net of
minority interest gain of $8,097 and
$29
,488, respectively 63,787 237,150
Unrealized gain on available-for
-sale
securities - 5,128
----------- -----------
Other comprehensive gain before tax
63,787 242,278
Income tax expense related to items of other
comprehensive income
(22,325) (87,220)
---
-------- -----------
TOTAL OTHER COMPREHENSIVE INCOME, NET OF
TAX
41,462 155,058
-----------
-----------
COMPREHENSIVE INCOME $ 422,631 $ 282,829
=========== ===========
Net income per share - basic and diluted
$ 0.cdi kingdoms
Stable isotopes can be thought of as ultra pure materials.1% to $ 3,224,449 from $2,576
,648 for the year ended December 31,
2003. -- based platform and
through increased investment in
R+D. is a leading manufacturer
and global provider of personal military and civilian protective
equipment
and supplies. Forward-looking statements are
inherently subject to risks and uncertainties some of
which cannot be
predicted or quantified based on current expectations.karasu clausewitz
This
high degree of purification
provides enhanced properties as compared to
natural materials. Our efforts in the Homeland Security
segment are nascent
(notwithstanding our operations at Protection Plus Security Corporation) at
the
present time as we proceed to develop further our IMS and neutron-based
detection technologies.C
., said.Defense Industries International Reports Fourth Quarter 2004 Financial Results
"During
2004 we worked diligently to acquire new customers and to
secure follow-on orders from our existing
customers.
Defense Industries International, Inc.
Major customers include the Israel Defense
Forces, the North Atlantic
Treaty Organization (NATO), the United Nations Peacekeeping Forces and
other U.tzu cdi
com
Cautionary Statement
Except for historical information contained herein
, this document contains
forward-looking statements within the meaning of the Private Securities
Litigation
Reform Act of 1995. We believe this is attributable to the successful
implementation of our strategy
of focusing our efforts on
international expansion.com
Safe Harbor Statement
This press
release contains forward-looking statements as defined
in the Private Securities Litigation Reform
Act of 1995.0001 par value, 250,000,000
shares authorized, 25,350,000 issued and
outstanding
2,535 2,535
Additional paid-in capital
1,711,450 1,711,450
Retained earnings 3,148,950 2,767,781
Accumulated other comprehensive loss (151,844) (215,631)
---------- ----------
TOTAL SHAREHOLDERS' EQUITY
4,711,091 4,266,136
---------- ----------
TOTAL
LIABILITIES AND SHAREHOLDERS' EQUITY $9,774,666 $8,681,542
========== ==========
DEFENSE INDUSTRIES INTERNATIONAL, INC.clausewitz affects
from
Carnegie-Mellon University, Perla joined the Center for Naval
Analyses in 1977.C.com, the Independent
Games
Festival and the Game Developers Choice Awards.0001 par value, 50,000,000
shares authorized
, none issued and outstanding - -
Common stock, $.colleen halloran
In assessing forward-looking
statements
contained herein, readers are urged to carefully read all cautionary
statements contained
in these filings with the Securities and Exchange
Commission. The summit
is a primary forum for
experts within various fields to network, learn more
and share information about the growing demand
for games designed for
practical applications.
Since the company's inception in 1998, Whatley
has worked with high-profile
customers within the entertainment industry and in the Federal Government
. Capitalizing on its editorial strength, CMP is uniquely positioned
to offer marketers comprehensive
, integrated media solutions tailored to meet
their individual needs.2 million
Net income for
2004 increased to $381,169
Net revenues for the year ended December 31, 2004 increased by
33
.haugaard instructed
isonics.C. After earning a
Ph.D.
About the CMP Game Group
A trusted provider of
essential information and community to the
professional Game industry, the CMP Game Group includes
the Game Developers
Conference, Game Developer magazine, Gamasutra.cmpgame.
Selling expenses for
the year ended December 31, 2004 was
$826,267, similar to $862,155 in 2003.halloran redux
Isonics Corporation
(NASDAQ: ISON), committed to
the development of next-generation technology for the homeland security
and
semiconductor markets, has increased its equity ownership in Institut fur
Umwelttechnologien
(IUT-Berlin) from 8.
About Isonics Corporation
Isonics Corporation has three business
divisions: (1) Homeland Security and
Defense (2) Semiconductor, and (3) Life Sciences. These statements
involve estimates,
assumptions, known and unknown risks and uncertainties that may cause the
Company
's actual results or outcomes to be materially different from those
anticipated and discussed herein
. Further, the Company operates in
industries where securities values may be volatile and may be influenced
by
regulatory and other factors beyond the Company's control. in Washington D.
Export sales
for full-year 2004 increased by 106%
Gross profit for 2004 increased 25. We also plan to continue
to focus
our efforts on increasing export sales, broadening our customer base,
and in securing
follow-on business in order to enhance our leading
position in the global protective equipment and
supplies markets.defense-industries. AND SUBSIDIARIES
CONSOLIDATED BALANCE
SHEETS
DECEMBER 31, 2004 AND 2003
ASSETS
------
2004
2003
---------- ----------
CURRENT ASSETS
Cash and cash equivalents $ 505,013 $ 784,026
Accounts receivable, net
of allowance for
doubtful accounts of $105,927 and $68,345,
respectively
2,495,861 1,912,747
Accounts receivable - related parties, net 374,458
322,373
Inventories 2,809,019 2,115,825
Investments in
marketable securities 808,102 704,046
Deferred taxes
43,049 45,353
-
Other
current assets 402,325 422,489
---------- ----------
Total Current Assets 7,437,827
6,306,859
---------- ----------
PROPERTY
, PLANT AND EQUIPMENT, NET 1,761,842 1,662,902
---------- ----------
OTHER ASSETS
Deposits for the severance of employer-
employee
relations 483,334 437,963
Deferred taxes, long-term
60,326 232,713
Intangible assets, net 31,337 41
,105
---------- ----------
Total Other Assets
574,997 711,781
-
--------- ----------
TOTAL ASSETS $9,774,666 $8,681,542
========== ==========
LIABILITIES
AND SHAREHOLDERS' EQUITY
------------------------------------
2004 2003
---------- ----------
CURRENT LIABILITIES
Accounts payable
$1,026,162 $ 730,561
Short-term debt 652,913 719,642
Current
portion of long-term debt 407,227 489,524
Other current liabilities
1,006,959 603,514
---------- -
---------
Total Current Liabilities 3,093,261 2,543,241
---------- ----------
LONG-TERM LIABILITIES
Long-term portion
of debt 731,442 728,678
Provision for the severance of employer-employee
relations 336,101 290,573
Minority interest
902,771 852,914
-
--------- ----------
Total Long-Term Liabilities 1,970,314 1,872,165
---------- ----------
TOTAL LIABILITIES
5,063,575 4,415,406
-------
--- ----------
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY
Preferred stock, $.clausewitz cdi
Additional
information may be obtained at the
Company's Web site at www."
Doug Whatley is the primary
driving force behind BreakAway Games, the
leading company in simulation, modeling and 3-D visualization
technology.cmp. Fostbinder continued, "As part of our strategy of
international expansion and in
an effort to achieve long-term growth,
we have recently acquired Owen Mills Company, a Los Angeles
-based
manufacturing and service company specializing in military and
industrial sewing of marine
and ballistic fabric products.
"Looking into 2005, we plan to continue to diversify our products
by offering them through our newly acquired U.colleen redux
"We're excited to have Dr. (OTCBB:DFNS), a
leading manufacturer
and global provider of personal military and civilian protective
equipment
and supplies, announced today its financial results for the
fourth quarter and the twelve month period
ended December 31, 2004.1% to $3.
General and administrative expenses for the year ended December
31, 2004 increased slightly to $1,489,440 from $1,414,531 for the year
ended December 31, 2003
.02 per share,
compared with $127,771, or $0.lieutenant mao
5% to 30% for approximately
$345,000. Sales to the
local market were approximately
$3,730,617 in 2004, compared with local sales of $5,001,825 in 2003
. The stability in selling
expenses was achieved due to lower commission payment on sales to a
major
export customer.
Net income for the year 2004 was $381,169, or $0.S.colleen boyd
Isonics is a world leader
in
isotopically engineered materials and through its semiconductor division
produces isotopically pure
silicon-28 chemicals, silicon-on-insulator
wafers, wafer reclaim services and test wafers, including
300mm, for the
semiconductor industry. Peter Perla III will share the platform with Douglas
Whatley
, CEO, Breakaway Games, as keynote presenters on Monday, October 31,
2005, at this year's Serious
Games Summit D. These companies
recognized the superb quality and unparalleled features of our
equipment
in providing solutions for personal protection.01
===========
===========
Weighted average number of shares
outstanding - basic and diluted 25
,350,000 25,350,000
=========== ===========
instructed clausewitz
For more information, please visit http://www.com
About CMP Media LLC
CMP Media
LLC (http://www.
Business Editors
ASHKELON, Israel----Defense
Industries International
, Inc. Defense Industries' main products include body
armor, bomb disposal suits and bullet-resistant
vests and jackets;
ballistic wall covers, helmets, plates and one-way protective windows;
personal
military equipment, battle pouch units and combat harness
units; dry storage units, liquid logistics
, tents and vehicle covers;
winter suits, sleeping bags and backpacks.kongming halloran
The keynote session
titled "What's So Serious About Game Design? The Art
or the Science?" will attempt to demonstrate
how serious games require a
combination of both art and science. Peter Perla share his vast expertise
in
wargaming with the rest of the game development community," Jamil Moledina,
director of the
Serious Games Summit D. "The keynote will highlight
the fact that art and science go hand-in-hand
when designing any type of
game. The increase in gross profit is mainly attributable to the
increase
in total sales."
Mr."
About Defense Industries International, Inc. For additional information
, please visit the
Company's web site at www.karasu lieutenant
com.
Highlights
Revenues for 2004 increased
33% to over $12 million. The
Company undertakes no obligation to update such statements to reflect
events that occur or circumstances that exist after the date on which
they were made.zedong lieutenant
01 per share
for the year 2003.lieutenant tentative
PRESS RELEASE Isonics Corporation Increases Equity Stake in German Homeland Security
Subsidiary to 30%
The increased investment in IUT-Berlin is part of a previously announced
strategy to increase development activity on its neutron-based detection
products and to repackage
ion mobility spectroscopy (IMS) technology
originally developed by IUT-Berlin into a hand-held, portable
product for
detection of explosives, chemical weapons and illegal drugs. Its diverse products and
services include newspapers,
magazines, Internet products, research, direct marketing services, education
and training, trade shows and conferences, and custom publishing.
Our 2004 results reflect continued
strength in our total revenues and
export sales. Although the Company believes that
the expectations
reflected in such forward-looking statements are
reasonable, it can give no assurance that such expectations
will prove
to have been correct.kongming affects
isonics. For more information, please
visit http://www. The Company
does not anticipate any material
change in its general and administrative expenses in 2005. This
resulted,
among other things, in obtaining several first-time orders from
leading international
companies in the personal protective equipment
market and several follow-on orders from existing
clients for our
bulletproof plates and bullet-resistant vests.N.karasu instructed
com. Perla to Address Top Government
Professionals, Business Leaders, and Game
Developers Gathered to Discuss How Interactive Games
Tackle Real-Life
Challenges
WASHINGTON, Respected Navy
defense researcher and
wargame expert Dr.balkan boyd
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