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Sept. 19-21, 2011
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American Physical Security Group Announces Change Of Ownership

Lillington, NC, March 24, 2011
American Physical Security Group, LLC (APSG) announced today that West Coast Opportunity Fund, LLC (WCOF) and Centaur Value Fund, LP (CVF) have acquired APSG from American Defense Systems, Inc. As a result of this transaction APSG received new equity financing along with access to additional capital to support its plans for rapid growth.

WCOF is a private fund managed by West Coast Asset Management, Inc. (WCAM), a registered investment advisor based in Montecito, CA with approximately $200 million in assets under management.

CVF is a private fund managed by Centaur Capital Partners, LP, an investment advisor based in Dallas, TX with approximately $200 million in assets under management.

About American Physical Security Group, LLC

APSG is a provider of US Department of State (DOS) and American Society for Testing and Materials (ASTM) Certified anti-ram vehicle barriers and US Department of State Certified forced entry, bullet and blast resistant doors and windows. Additional information is available on the Company’s website at www.americanpsg.com.

Company Contacts:
Russ Scales
American Physical Security Group
Tel 877.658.3470