Description:
Defense Industries International, Inc., formerly Pawnbrokers Exchange, Inc. was incorporated in the State of Utah on July 9, 1997. On July 8, 2002, Pawnbrokers Exchange changed their corporate domicile from the State of Utah to the State of Nevada, through a merger with their wholly owned subsidiary, Defense Industries International, Inc. The Company is a manufacturer and global provider of personal military and civilian protective equipment and supplies. The Company's products are used by military, law enforcement, border patrol enforcement, and other special security forces, corporations, non-governmental organizations and individuals throughout the world. Its main products include body armor, bomb disposal suits, bullet proof vests and jackets, ballistic wall coverings, bullet proof ceramic and polyethylene panels, V.I.P. car armoring and lightweight armor kits for vehicles, personal military equipment, dry storage systems, liquid logistic products, tents and other camping and travel gear. A holding company, whose wholly owned subsidiaries include Export Erez USA, Inc., Rizzo Inc, Export Erez, Ltd., or Export Erez, Mayotex, Ltd., or Mayotex, Dragonwear Trading Ltd., or Dragonwear, and Achidatex Nazareth Elite (1977) Ltd., or Achidatex. Export Erez was incorporated in Israel on January 23, 1983 and is engaged in the design, production and marketing of personal military and civilian protective equipment and supplies such as body armor, bomb disposal suits, bulletproof vests, and associated heavy fabric products, such as battle pouches and combat harness units, tents and other camping equipment. Mayotex was incorporated in Israel on March 7, 1990 and is engaged in weaving, processing and dyeing of webbings, cutting and sewing of bulletproof fabrics used by Export Erez in manufacturing its finished products and goods and in VIP car armoring and lightweight vehicle armor kit production. Achidatex was incorporated in Israel on August 2, 1977 and is a manufacturer of ballistic shields, long term storage systems, liquid logistic products, combat flak jackets, tents and other personal military and civilian protective equipment and supplies. The Company develops, manufactures and assembles its own products in Israel and the United States. Its production facilities in Israel are located in Sderot, Nazareth, Ashkelon and the Alon Tavor Industrial Zone near Afula. The Company has a worldwide customer base, including in the United States, Israel, the Mediterranean, Europe, Latin America, South America, Africa and Asia. The ballistic-resistant and body armor industry is highly competitive and fragmented throughout the world. The Company's major competitor in sales to the Israeli Ministry of Defense is Rabintex, Internationally, the competitors in the defense market include companies such as Point Blank, Safari Land of Ontario, California, Armor Holdings and A.B.A. in the United States, L.B.A. in England, Indigo in Spain, Systema Compositi in Italy, Hellenic Arms Industries in Greece and Barman in Sweden. The Company's operations are subject to regulation by the U.S. and Israeli authorities and to various laws and judicial and administrative decisions imposing requirements and restrictions on part or all of its operations.
