2008-03-28 22:06:02 -
- Tactical Solution Partners, Inc. Ryan Kirch, 443-883-8494 ir@tacticalsolutionpartners.com or Financial Communications Trilogy Capital Partners Ryon Harms, 800-592-6067 ryon@trilogy-capital.com Tactical Solution Partners, Inc. (OTCBB:TTSR), an innovative homeland security technology and services firm, today announced the release of a proxy statement that, among other proposed initiatives, outlines a plan to change the Company's name to Brekford International
Corp.
According to the proxy statement distributed today, Tactical's corporate name will be changed to Brekford International Corp., if approved by the stockholders at the special meeting scheduled for April 25, 2008. The Company's board of directors has expressed an opinion that the name change is in the best interests of the Company and the stockholders.
"Subject to stockholder approval, on February 19, 2008, our board of directors unanimously approved a change in our name from Tactical Solution Partners, Inc. to Brekford International Corp.," the proxy statement read.
The name "Brekford" recognizes the Company's founders, C.B. Brechin and Scott Rutherford, and is expected to support the future promotion of a readily identifiable brand name for the Company's products and services in the United States and internationally.
The proposed amendment will not have any material effect on TTSR's business, operations, assets or reporting requirements; however, the Company's common stock symbol on the OTC Bulletin Board will change following stockholder approval of the name change.
"We are very pleased to propose a corporate name change to Brekford International, a name that we believe will enable us to be more marketable on a global scale," said William A. Shafley, Chief Executive Officer of Tactical Solution Partners. "Additionally, the name change comes at an opportune time when we are making significant expansions to our product and service offerings, such as full vehicle upfitting, ultra-light weight body armor and other initiatives."
TTSR's entry into the multi-billion dollar upfitting segment of the public safety industry will be a significant driver of the Company's aggressive growth strategy. Upfitting, or the process of adding non-factory installed equipment, such as lights, sirens, prisoner cages and ballistics protection to police, fire and EMS vehicles, is a fragmented and underserved segment of the homeland security industry with ample opportunities for increasing market share.
Tactical has already begun the process of creating a new brand package, including a new logo, website and other vital marketing materials to reflect the Brekford International Brand. The Company will begin releasing these materials upon shareholder approval on April 25.
About Tactical Solution Partners
Tactical Solution Partners ("the Company") is a homeland security technology firm led by an elite management team comprised of veteran business professionals and former Special Forces military personnel. The Company has emerged as a leading provider of tactical training and technology, such as rugged communication products and military grade systems integration services.
Tactical Solution Partners' homeland security products and services span:
-- Maritime Security, Law Enforcement and tactical skill-set training solutions for the lucrative private, commercial and government sectors
-- Rugged mobile, real-time data communications solutions for the $4.2 billion public safety and law enforcement markets
-- Consumer electronics to federal, state, and local agencies and commercial enterprises in support of back office operations
Tactical Solution Partners has launched an aggressive growth strategy fueled by a commitment to building significant shareholder value by exploiting near-term opportunities for revenue and earnings growth through acquisitions, organic growth and the internal development of complementary, proprietary technologies.
For more information, please visit www.tacticalsolutionpartners.com or
www.trilogy-capital.com/tcp/tactical.
To read or download Tactical Solution's Investor Fact Sheet, visit
www.trilogy-capital.com/tcp/tactical/factsheet.html.
Forward Looking Statements
Statements included in this news release that do not relate to present or historical conditions are "forward-looking statements" within the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties that could cause results or outcomes to differ materially from those expressed in the forward-looking statements. Forward-looking statements may include, without limitation, statements relating to our plans, strategies, objectives, expectations and intentions and are intended to be made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "believes," "forecasts," "intends," "possible," "estimates," "anticipates," and "plans" and similar expressions are intended to identify forward-looking statements. Our ability to predict projected results or the effect of events on our operating results is inherently uncertain. Forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those discussed in this document. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by which, such performance or results will be achieved. Forward-looking information is based on information available at the time and/or management's good faith belief with respect to future events, and is subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the statements. Important factors that could cause such differences include, but are not limited to those described from time to time in Tactical Solution's filings with the Securities and Exchange Commission, including without limitation, Tactical Solution's Registration Statement filed on Form 10-SB. Tactical Solution expressly disclaims any obligation to update any forward-looking statements.
¶ New Name Selected to Reflect Growing Range of Products and
Services as Company Plans Expansion into Worldwide Markets