Financial Analyst, Karen Wallace of Alvarado News, an online financial reporting site, reported on the eve of Halloween that “investors are taking a deeper look at American Defense Systems (OTC: ADFS).

EA Armament & Surveillance Technologies recently filed a form 4, reporting its 20% stake in ADFS to the US SEC; and has indicated it will be pursuing the establishment of a new board of directors and executive team later this year.

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