Message #2 From:
NewsBot Date: December 29, 2007 09:08:51 PM
The Allied Defense Group Announces Ammunition Orders for Approximately $4.3 Million
VIENNA, Va., Dec. 21 /PRNewswire-FirstCall/ -- The Allied Defense Group,
Inc. (Amex: ADG) today announced that its Belgium-based ammunition company,
MECAR S.A., has received orders totaling approximately $4.3 million.
The orders are from two of MECAR's traditional clients in the Far and
Middle East for the supply of 76mm and 90mm ammunition, as well as military
support equipment.
Major General (Ret) John J. Marcello, The Allied Defense Group's Chief
Executive Officer and President, said, 'These repeat orders reflect MECAR's
strong relationships with its traditional customers. Additionally, the
military support equipment component of the orders demonstrates MECAR's
capabilities beyond the supply of conventional ammunition. This announcement
brings the total ammunition orders announced in December to $14.7 million.
The Company reported a 45-month high contractual backlog of $143.3 million as
of September 30, 2007, and continues to target multiple contract opportunities
to increase that backlog and improve revenue visibility going forward.
About The Allied Defense Group, Inc.
The Allied Defense Group, Inc. is a diversified international defense and
security firm which: develops and produces conventional medium caliber
ammunition marketed to defense departments worldwide; designs, produces and
markets sophisticated microwave security systems; and manufactures battlefield
effects simulators and other training devices for the military. For more
Information, please visit the Company web site:
http://www.allieddefensegroup.com.
Certain statements contained herein are 'forward looking' statements as
such term is defined in the Private Securities Litigation Reform Act of 1995.
Because statements include risks and uncertainties, actual results may differ
materially from those expressed or implied and include, but are not limited
to, those discussed in filings by the Company with the Securities and Exchange
Commission.
For More Information, Contact: Crystal B. Leiderman (Bedwell) Director, Investor Relations 800-847-5322
