Penny Stock DFNS Defense Industries

In November of 2008 DFNS announced flat revenue of $4.6 million. The company cited higher labor costs and currency fluctuations as the cause. The company expects to see increased demand for it's products even as the economy continues to experience trouble.
In a more recent press release the company announced the purchase of both DFNS stock and it's wholly owned subsidiary Achidatex. The CEO, Joseph Fostbinder, believes the move will improve operating efficiencies.
Defense Industries International (OTCBB:DFNS) is a manufacturer provider of military and civilian protective equipment.

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