Force Protection, Inc. Announces Second Quarter Profitability and Record Sales Growth

Business Wire, August 15, 2006

LADSON, S.C. -- Force Protection, Inc. (OTCBB:FRPT) today announced record sales of $56,074,537 as part of its second quarter results for the three month period ended June 30, 2006. The company also recorded its highest quarterly gross profit to date of $10,156,786, and a net profit of $1,234,015 for the same period.

"Our second quarter results reflect the increasing demand for our life-saving armored vehicles, and that we remain on track in FY06 in meeting that demand," said CEO Gordon McGilton. "The hard work performed by our employees to improve operations and increase production continues to pay benefits."

Force Protection's net cash flow from operations for the six-month period ended June 30, 2006 was $4.0 million, compared with a loss from operations of $4.8 million during the same period in 2005. The company was also profitable for the first half of 2006, booking a year-to-date net profit of $568,382.

"While we are extremely pleased to report these positive earnings, we have not lost sight of our long-term plan," said McGilton. "Force Protection's overarching objective is to become a high-volume supplier of the best-protected vehicles available in the world."

Force Protection's dramatic growth from a small start-up firm to a mainstream manufacturer with a workforce of more than 550 has been driven by the demand of U.S. combat engineers and explosive ordnance disposal teams for the Buffalo and Cougar mine-protected vehicles, which they credit with saving lives since 2003. A recent contract from the British Ministry of Defense for protected vehicles to support infantry patrols marks an additional expansion of the company to the international defense industry.

About Force Protection

Force Protection, Inc. manufactures ballistic- and mine-protected vehicles through its wholly owned subsidiary. These specialty vehicles are protected against landmines, hostile fire, and Improvised Explosive Devices (IEDs, commonly referred to as roadside bombs). Force Protection's mine and ballistic protection technology is among the most advanced in the world. The vehicles are manufactured outside Charleston, S.C.

For more information on Force Protection and its vehicles, go to www.forceprotection.net.

This release contains forward-looking statements, including, without limitation, statements concerning our business, future plans and objectives and the performance of our products. These forward-looking statements involve certain risks and uncertainties ultimately may not prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Technical complications may arise that could prevent the prompt implementation of the strategic plan outlined above. The company cautions that these forward looking statements are further qualified by other factors including, but not limited to, those set forth in the company's Form 10-KSB filing and other filings with the United States Securities and Exchange Commission (available at http://www.sec.gov). The company undertakes no obligation to publicly update or revise any statements in this release, whether as a result of new information, future events or otherwise, except as required by law.