By | April 14 2010 11:01 AM

Point Blank Solutions, Inc., based in Pampano Beach, FL, announced today that they and its subsidiaries have filed a voluntary petition for Chapter 11 reorganization. Point Blank, together with its subsidiaries, engages in the manufacture and provision of bullet, fragmentation, and stab resistant apparel and related ballistic accessories for military, law enforcement, security, and corrections personnel, as well as government agencies in the United States. Point Blank also announced that, pending bankruptcy court approval, it has reached an agreement for up to $20 million of Debtor-in-Possession (“DIP”) financing.