EA Armament & Surveillance Technologies Ltd., (EA Tech Nigeria) of Lagos, Nigeria announced today that it will be selling its interest in its American subsidiary, EA Armament & Surveillance Technologies USA, (EA Tech USA). The announcement came on the heels of an emergency board meeting last week, where the directors resolved to “focus their resources and attention on the more profitable emerging African markets; liquidate their American holdings; and provide the capital needed for improving production capacity in Nigeria.”

Mr. Osita Iroku, has ended his term as the Acting-CEO of EA Tech USA, and will continue to serve as the CEO of EA Tech Nigeria, only.

EA Armament & Surveillance Technologies USA, (EA Tech USA) being acquired by a small investment group based in New York, will continue to stabilize its investment in American Defense Systems, Inc (OTC:ADFS).