COVINGTON, Ky., July 30 /PRNewswire-FirstCall/ -- Valley Forge Composite Technologies, Inc., (OTC Bulletin Board: VLYF), manufacturer and marketer of breakthrough cargo/baggage scanners, full-body scanners and aerospace products, reported a $1,700,000 order for its detection line of products.
Orders to date for 2010 exceed $12,700,000. The cash generated by these sales provides the capital for the company to apply towards the commercialization of its ODIN and THOR-LVX next generation detection systems.
"The company is very pleased with the rate of sales and we are looking forward to the remainder of the year," said Valley Forge CEO, Lou Brothers
About Valley ForgeValley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems. Its THOR LVX system is designed to detect nuclear material, explosives and contraband hidden in cargo containers and baggage, even through shielding. VLYF is also marketing the Odin personal screening system for use in airports, high-security buildings and border entry points. More information about Valley Forge Composite Technologies, Inc. can be found at www.vlyf.com. Forward-Looking Statement 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-K for the year ended December 31, 2009 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 Valley Forge Composite Technologies, Inc.