Valley Forge Composite Technologies, Inc. Announces First Pending Sale of the THOR-LVX Cargo Scanner — Press Release

by: Matthew Potter
March 15, 2010

Category: Business Line, Companies, Countries, development program, Events, logistics, Press Releases | RSS 2.0

Valley Forge Composite Technologies, Inc. Announces First Pending Sale of the THOR-LVX Cargo Scanner

COVINGTON, Ky., March 12 /PRNewswire-FirstCall/ — Valley Forge Composite Technologies, Inc. of Covington, KY (OTC:VLYF) (BULLETIN BOARD: VLYF) and Caravan International Corporation of New York, NY, announce today that the Federation of Malaysia has included THOR LVX(TM) as a line item in the upcoming Five Year Acquisition Plan. THOR LVX will be used by the Royal Malaysian Customs Department to screen containers at selected major ports in Malaysia.

“We are honored to be chosen by the Malaysian government to help them protect their ports of entry”, said Louis Brothers, CEO of Valley Forge. “We believe that this will be the first of many orders of THOR LVX from Pacific Rim countries and from around the globe.”

THOR LVX is an advanced screening system for sea and airline cargo. It provides enhanced detection capability with high processing speed and great accuracy. THOR LVX can scan a 40′ shipping container in approximately 30 seconds, allowing it to quickly detect many types of contraband including explosives, narcotics and radioactive materials.

About Valley Forge

Valley Forge Composite Technologies, Inc. develops, manufactures and distributes next-generation detection systems. Its THOR LVX(TM) system is designed to detect nuclear material, explosives, narcotics and other 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.

About Caravan International

Caravan International Corporation is an export management company representing high technology companies in the aerospace, security / threat detection, communications and advanced electronics areas.

Caravan International Corporation is proud to represent Valley Forge Composite Technologies. More information on Caravan International can be found at www.caravan-ny.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.

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