Pride Business Development Holdings, Inc. Strategic Marine Division Ramping Up to Supply $15.5M of Masterglas(tm) Insulation

NEW ORLEANS, Feb. 27, 2009 (GLOBE NEWSWIRE) -- Pride Business Development Holdings, Inc. (Other OTC:PDVG.PK - News), a high tech manufacturer of Defense and Homeland securities materiel supplied to the US government and its allies worldwide announced today that its proprietary Masterglas(tm) insulation has been specified in the construction of two new Aircraft Carriers for the Royal Navy. Masterglas(tm) is formulated to support the unique acoustic and thermal insulation requirements of the 21st century's sophisticated naval armada. The Company anticipates the value of the contract to exceed $15.5M. Newt Reynolds, President of Pride, stated, ``Our wide ranges of American made products are in strong demand as a result of state of the art design, high quality, and competitive pricing.'' Mr. Reynolds went on to say, ``Members of the industrial military complex agree that the threats of terrorism and military aggression are exacerbated by the down turn in worldwide financial stability. The United States and many of its allies continue to increase military spending therewith addressing both of these factors head on. Our significant increase in new order flow and concurrent increase in direct labor payroll substantiates those very points.''ABOUT THE COMPANYPride Business Development Holdings, Inc. (the ``Company'') is the parent to a diverse portfolio of defense and homeland securities divisions each of whom own and develops distinctive proprietary technology assets and manufacture products for delivery to the US government and...
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Pride Business Development Holdings, Inc. Forms US Aerospace Division

NEW ORLEANS, Feb. 16, 2009 (GLOBE NEWSWIRE) -- Pride Business Development Holdings, Inc. (Other OTC:PDVG.PK - News), a high tech manufacturer of Defense and Homeland securities material supplied to the US government and its allies worldwide reported Friday, February 13, 2009, the formation of US Aerospace as a new business unit. US Aerospace, has designed, in conjunction with an industry partner, AeroMatt(tm), an improved solution for the expedited restoration of crisis impaired Military and commercial runways. US Aerospace will maintain the exclusive marketing rights to AeroMatt(tm). The newly designed product can dramatically reduce the restoration time for the temporary repair of damaged airstrips and roads. All NATO countries are expected to inventory a Rapid Runway Repair solution although they are not required to do so. The contract size for each airfield facility currently reviewing AeroMatt(tm) exceeds $15M and US Aerospace's sales agents believe that the first order for AeroMatt(tm) will be in hand before the end of the second quarter of 2009 and anticipate that two additional orders will be consummated this year. US Aerospace estimates the worldwide marketplace for AeroMatt(tm) approaches $1B with annual maintenance and training revenues in excess of $6M.Newt Reynolds, President of Pride, said, ``With the ongoing formation of this third business unit, Pride now has the ability to participate in the supply chain for each sector of the Military, be it soldiers in the field, through Bodyguard body armor, Combat ships...
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Pride Business Development Holdings, Inc. Forms US Aerospace Division

NEW ORLEANS, Feb. 13, 2009 (GLOBE NEWSWIRE) -- Pride Business Development Holdings, Inc. (Other OTC:PDVG.PK - News), a high tech manufacturer of Defense and Homeland securities material supplied to the US government and its allies worldwide, reported today the formation of US Aeropace as a new business unit. US Aerospace has designed, in conjunction with an industry partner, AeroMatt(tm), an improved solution for the expedited restoration of crisis impaired Military and commercial runways. US Aerospace will maintain the exclusive marketing rights to AeroMatt(tm). The newly designed product can dramatically reduce the restoration time for the temporary repair of damaged airstrips and roads. All NATO countries are expected to inventory a Rapid Runway Repair solution although they are not required to do so. The contract size for each airfield facility currently reviewing AeroMatt(tm) exceeds $15M and US Aerospace's sales agents believe that the first order for AeroMatt(tm) will be in hand before the end of the second quarter of 2009 and anticipate that two additional orders will be consummated this year. US Aerospace estimates the worldwide marketplace for AeroMatt(tm) approaches $1B with annual maintenance and training revenues in excess of $6M.Newt Reynolds, President of Pride, said, ``With the ongoing formation of this third business unit, Pride now has the ability to participate in the supply chain for each sector of the Military, be it soldiers in the field, through Bodyguard body armor, Combat ships protecting US assets ...
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Pride Business Development Holdings, Inc. Strategic Marine Division Report Dramatic Demand for Proprietary and Single Source Products

NEW ORLEANS, Feb. 5, 2009 (GLOBE NEWSWIRE) -- Pride Business Development Holdings, Inc. (Other OTC:PDVG.PK - News), a high tech manufacturer of Defense and Homeland securities material supplied to the U.S. government and its allies worldwide reported today that Strategic Maritime's new bookings for its proprietary and single source product line exceeded $600k for the first four days of February which vastly out-paces the $500k per month sales ($6M annualized) of Strategic Maritime's off-the-shelf products. In addition to driving revenue through participation in competitive bidding for the award of multi-year contracts such as the 10 year Littoral combat ship program valued at hundreds of millions of dollars, Strategic Maritime sells a wide variety of specialty hi-tech marine insulation products and provides ``stealth'' friction stir welding construction for Military vessels to the U.S. Navy and our allies Worldwide on an order by order basis. The Strategic Maritime has entered into multi-year blanket purchase order contracts with some customers like Northrop Grumman or receives unique purchase orders from variety buyers both domestic and international. The Company's customers for off-the-shelf products include 18 of the 20 major shipyard in the USA such as Pearl Harbor Naval Shipyard, Norfolk Shipyard, Bremerton Shipyard, Palmer Johnson Shipyard and National Steel shipyards to name a few. Newt Reynolds, President of Strategic Marine commented, ``as a function of political instability in many regions of the world the mandate fo...
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Pride Business Development Holdings, Inc. Launches Production for Littoral Combat Ship, Astute Class Submarine and Navy Patrol Boat Programs

NEW ORLEANS, Feb. 4, 2009 (GLOBE NEWSWIRE) -- Pride Business Development Holdings, Inc. (Other OTC:PDVG.PK - News), a high tech manufacturer of Defense and Homeland securities material supplied to the US government and its allies worldwide, announced today that its Strategic Maritime subsidiary is ramping up for high-volume production on several contracts with members of the Industrial Military Complex. As a subcontractor to Lockheed Martin for the fulfillment of the US Navy Littoral Combat Ship program, February marks the start of production of the second ship in the program, which was originally scheduled to start in December of 2008. The work on each vessel is valued at $4.1 million by the Company, and 68 vessels are to be delivered over the 10-year life of the agreement. The Company also announced that as a subcontractor to BAE, it has started production on the Astute class submarine. The work on each sub is valued at $425 thousand in a program of eight submarines. The Company added that it has been awarded a new contract from Ticon to deliver its Master-Insulation for the first of eight British Navy Patrol Boats at a value of $600 thousand per delivery. Newton ``Newt'' Reynolds, President of Pride's Strategic Marine subsidiary, stated, ``We provide various proprietary single source products and hi-tech construction processes that are in defined demand by our Military as a result of superior performance.'' Mr. Reynolds went on to say, ``Our maritime defense product line will continue to diversify and grow in concert with t...
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Pride Business Development Holdings, Inc. Launches Production for Littoral Combat Ship, Astute Class Submarine and Navy Patrol Boat Programs

NEW ORLEANS, Feb. 3, 2009 (GLOBE NEWSWIRE) -- Pride Business Development Holdings, Inc. (Other OTC:PDVG.PK - News), a high tech manufacturer of Defense and Homeland securities material supplied to the US government and its allies worldwide, announced today that its Strategic Maritime subsidiary is ramping up for high-volume production on several contracts with members of the Industrial Military Complex. As a subcontractor to Lockheed Martin for the fulfillment of the US Navy Littoral Combat Ship program, February marks the start of production of the second ship in the program, which was originally scheduled to start in December of 2008. The work on each vessel is valued at $4.1 million by the Company, and 68 vessels are to be delivered over the 10-year life of the agreement. The Company also announced that as a subcontractor to BAE, it has started production on the Astute class submarine. The work on each sub is valued at $425 thousand in a program of eight submarines. The Company added that it has been awarded a new contract from Ticon to deliver its Master-Insulation for the first of eight British Navy Patrol Boats at a value of $600 thousand per delivery. Newton ``Newt'' Reynolds, President of Pride's Strategic Marine subsidiary, stated, ``We provide various proprietary single source products and hi-tech construction processes that are in defined demand by our Military as a result of superior performance.'' Mr. Reynolds went on to say, ``Our maritime defense product line will continue to diversify and grow in concert with t...
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