Valley Forge Composite Technologies, Inc. Creates Four Wholly-Owned Subsidiaries
COVINGTON, Ky. -- Valley Forge Composite Technologies, Inc. (OTC BB: VLYF) President and CEO Louis J. Brothers announced today it has completed the process of structuring Valley Forge Composite Technologies, Inc from a single company with various divisions into a holding company with four wholly-owned subsidiaries.
“In furtherance of our plan for world wide product sales and to manage anticipated shipping and distribution challenges our financial team and Board of Directors felt the wholly-owned subsidiary structure would be the best choice for Valley Forge and its shareholders” said CEO Louis Brothers.
Valley Forge Composite Technologies, Inc. is a developer, manufacturer and worldwide distributor of next-generation detection and aerospace systems. The structure under this formation will make Valley Forge Composite Technologies, Inc. the parent and holding company and its wholly-owned subsidiaries will be Valley Forge Detection Systems, Inc., Valley Forge Imaging, Inc., Valley Forge Aerospace, Inc. and Valley Forge Emerging Technologies, Inc.
Valley Forge Detection Systems, Inc. will focus on the manufacturing and distribution of THOR LVX. THOR LVX is an Advanced Explosives Detection System capable of penetrating all shielding to detect and identify explosives, nuclear material, narcotics and chemical and biological agents using photonuclear and gamma ray technology. Expected markets include airports, seaports, cargo terminals and border crossings. The technology should answer current inadequacies in current detection systems, especially for sea port security.
Valley Forge Imaging, Inc. will concentrate it efforts on the distribution of ODIN-ULDRIS, a personnel screening system which allows screeners to detect items such as explosives, weapons, narcotics, gemstones, bundled currency and ingested items at a rate of approximately 1,000 persons per hour. This system may be used in any market requiring personnel screening such as schools, government buildings, sporting events and passenger terminals. The company is exploring medical applications as well.
Valley Forge Aerospace, Inc. supplies cutting-edge components to the aerospace industry with current customers like NASA.
Valley Forge Emerging Technologies, Inc. will be used to bring other evolutionary technologies to market.
More information about Valley Forge Composite Technologies, Inc. and its systems can be found at www.vlyf.com under Frequently Asked Questions.
Forward Looking Statements
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. Statements in this press release that relate to Valley Forge Composite Technologies, Inc.'s future plans, objectives, expectations, performance, events, reports made by others, and the like, including a statement about the assumptions underlying a forward-looking statement, are forward-looking statements protected by the safe harbor. Investors should understand that future events, risks and uncertainties, individually or in the aggregate, are factors that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. These factors could include changes in economic conditions or government policies that may change the demand for the Company's products and services and could include other factors discussed in the sections of the Company's report on Form 10-KSB for the year ended December 31, 2006 as filed with the U.S. Securities and Exchange Commission, entitled "Description of Business" or "Management's Discussion and Analysis or Plan of Operation." This release is comprised of interrelated information that must be interpreted in the context of all of the information provided and care should be exercised not to consider portions of this release out of context. Valley Forge Composite Technologies, Inc. uses paid services of investor relations organizations to promote the Company to the investment community. Investments in the Company should be considered speculative, and, prior to acquisition, should be thoroughly researched. Valley Forge Composite Technologies, Inc. does not intend to update these forward-looking statements prior to its reporting of its quarterly or annual results.
Contact Information:
Katie Robertson, Investor Relations
Valley Forge Composite Technologies, Inc.
50 E. River Center Blvd. Suite 820
Covington, KY 41011
Tel. 859-581-5111
Fax 859-581-5116
or info@vlyf.com