CLEARWATER, FL -- (Marketwire) -- 04/14/09 -- BlastGard International (OTCBB: BLGA)
reported financial results for the year ended December 31, 2008.
For the year ended December 31, 2008, BlastGard International reported
revenues of $732,044 compared to $408,988 for the year ended December 31,
2007. Revenues are primarily attributable to the commercialization and sale
of BlastWrap® and BlastWrap® -associated products. BlastGard
International reported a net loss of $1,493,945 or $(0.04) per share based
on the weighted average of 40,714,954 shares outstanding for the year-ended
December 31, 2008. In comparison, for the year-ended December 31, 2007, the
Company reported a net loss of $3,827,188 or $(0.12) per share based on the
weighted average of 32,655,112 shares outstanding.
About BlastGard International, Inc.
BlastGard International, Inc. creates designs, develops, manufactures and
markets proprietary blast mitigation materials. The Company's
patent-pending BlastWrap® technology effectively mitigates blast effects
and suppresses post-blast fires. This unique technology is being used to
create new, finished products or to retrofit to existing products.
BlastWrap® is a market leading product from which blast protection
solutions are built to save lives and reduce damage to valuable assets from
explosions. Additional information on BlastGard can be found at
http://www.blastgardintl.com.
"Safe Harbor" statement under the Private Securities Litigation Reform Act
of 1995: Except for historical information, all of the statements,
expectations and assumptions contained in the foregoing are forward-looking
statements that involve a number of risks and uncertainties. It is possible
that the assumptions made by management are not necessarily the most likely
and may not materialize. In addition, other important factors that could
cause actual results to differ materially include the following: the
Company's ability to market its products; the Company's ability to obtain
additional funding; the Company's ability to obtain regulatory approvals on
new products, the general economy; competitive factors; ability to attract
and retain personnel; the price of the Company's stock; and other risk
factors. The Company takes no obligation to update or correct
forward-looking statements.
Company Contact:
BlastGard International, Inc.
Michael J. Gordon
(727) 592-9400