American Defense Systems, Inc. Announces Adam Firestone Has Joined Its Board of Directors
29 Settembre 2010 - 4:58PM
Marketwired
American Defense Systems, Inc. (ADSI) (NYSE Amex: EAG), a provider
of advanced transparent and opaque armor, architectural hardening
and security products for Defense and Homeland Security, today
announced that effective as of September 22, 2010, Adam Firestone
has joined its board of directors.
Pursuant to the Company's certificate of incorporation, the
holders of the Company's Series A Convertible Preferred
Stockholders have the right to elect two directors, and Mr.
Firestone was elected by the holders of such preferred stock as a
member of its board of directors.
Adam Firestone, 48, currently serves as chief executive officer
of Grundoon LLC, a company engaged in diverse industries including
real estate, oil and beverages, for which he has served as chief
executive officer since 1994. He is also a co-founder of Firestone
Walker LLC, a beer manufacturer. Mr. Firestone is a member of the
California, District of Columbia and Hawaii bars, and a member of
the National Association of Corporate Directors. Mr. Firestone
received his B.A. from Middlebury College and J.D. from Pepperdine
University. He is a cabinet member of the Marine Corps Scholarship
Foundation.
"We believe Adam's contributions will prove to be invaluable and
we intend to support the company in an effort to improve cash flow
and increase profitability for the benefit of all stakeholders,"
stated Atticus Lowe, chief investment officer of West Coast Asset
Management Inc., Managing Member of West Coast Opportunity Fund,
LLC, which owns 94% of the Company's Series A Convertible Preferred
Stock.
About American Defense Systems American
Defense Systems, Inc. (ADSI) offers advanced solutions in the
design, fabrication, and installation of transparent and opaque
armor, security doors, windows and curtain wall systems for use by
military, law enforcement, homeland defense and corporate
customers. ADSI engineers also specialize in developing innovative,
functional and aesthetically pleasing security applications for the
mobile and fixed infrastructure physical security industry. For
more information, visit the ADSI corporate Web site at
www.adsiarmor.com.
Company Contacts: Roger Ward V.P. of Marketing &
Investor Relations American Defense Systems, Inc. Tel 516-390-5300,
x326 Email Contact Investor Relations: Ron Both Managing
Director Liolios Group, Inc. Tel 949-574-3860 Email Contact
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