Press Releases

DWS Defense Systems Expands Security Business Through Letter of Intent to Acquire Gaffco Ballistics
Hauppauge, NY - Dec. 18, 2003

High-Profile Manufacturer of Bullet Resistant Systems Adds to Growing Security Portfolio DWS Defense Systems, Inc., a wholly-owned subsidiary of DataWorld Solutions, Inc. (PinkSheets: DWLD), announced today that it has entered into a Letter of Intent to acquire privately-held Gaffco Ballistics, a leading international manufacturer of bullet and blast resistant systems. Gaffco has stated that they have generated in excess of $15 million in revenues over the last three years and have been profitable every year. The acquisition is expected to close in the first quarter of 2004 and consolidated with our results. The purchase price shall be paid through the issuance of DataWorld common stock. The transaction is subject to customary closing conditions, including due diligence. In connection with the acquisition, Thomas Gaffney, the current President of Gaffco is expected to be named the President of DWS Defense Systems upon completion of the acquisition. Daniel McPhee will continue to be Chairman and Chief Executive Officer of DataWorld Solutions.

Gaffco has been widely recognized for its work in designing, manufacturing and installing bullet resistant systems, including residential and commercial safe rooms. The company has recently bulletproofed twelve boardrooms in New York City. Gaffco is presently developing a new line of UL & U.S. State Department approved wood clad ballistic systems, designed to be architecturally pleasing yet secure enough to resist any required threat level. The company is the premier supplier and installer of bandit barriers in tri-state area financial institutions. It has completed projects for JP Morgan Chase, American Express and Morgan Stanley, among others. The company has recently been featured in articles in the Wall Street Journal, New York Daily News, Crains New York and UK-based The Sunday Times and on CNBC and Fox News.
"I am excited to join DataWorld," said Mr. Gaffney. "I believe the company is well positioned to capitalize on the growing demand for security related products, which, combined with the high level relationships that such influential Advisory Board members as Bernard Kerik have, should enable us to become a leader in the fields of bullet resistant and blast mitigation systems, providing protection on a global scale."
"Gaffco represents an ideal partner for us," said Mr. McPhee. "We have been working closely with them as one of our strategic partners. Now, we will be able to seamlessly offer its products to our growing customer base, utilizing many of the relationships we have developed. I believe this combination will create compelling opportunities for revenue growth."


About Gaffco Ballistics

In 1986, CEO Thomas Gaffney recognized the need to counter growing threats from firearms, and founded Gaffco as a manufacturer and installer of bullet-resistant systems. Initially, Gaffco focused on renovating check-cashing facilities in the New York City area. The company gained a reputation for successful weekend fit-outs that enabled clients to upgrade security and enhance aesthetics without business downtime, and by 1990, Gaffco had renovated 275 check-cashing facilities thought the tri-state area. Drawing on the experience gained in the check-cashing field, the customer base was expanded to include a wide range of clients, including government installations, banking facilities, medical and religious institutions and corporate offices requiring personnel or data protection.

The consistent ability to complete projects timely and professionally has won clients covering a broad range of businesses and facilities as JP Morgan Chase, American Express, the New York Stock Exchange, Morgan Stanley, The United Nations Building, numerous foreign and US Governmental agencies among others. In response to the terrorists attacks of 9/11, Gaffco began designing and installing saferooms for the corporate and residential markets, the superior concealment and security features of these panic rooms have recently been featured in articles in the Wall Street Journal, New York Daily News, Crains New York, The New York and London Times, CNBC and Fox News. Gaffco Ballistics is presently developing a line of bullet and blast resistant systems to meet the threat levels perceived both nationally and internationally by the US State Department and the Office Of Homeland Security.

About DataWorld Solutions

DataWorld Solutions, Inc. is a multi-regional manufacturer of electronic cable assemblies used in providing connectivity solutions that includes systems integration, for customers operating a wide range of data systems. This includes linking or connecting standard or proprietary electronic devices and peripheral components from different vendors to provide solutions for various customer requirements. DataWorld adds value by providing connectivity solutions, which may include distributed sales for passive components such as electronic connectors, electronic wire and cable, cabinets and racks and patch panels, and active components including hubs, bridges, routers, gateways and modems. DataWorld is working with DuPont™ Fluoroproducts to create market awareness of, and grow a new category of fire safety data-communications cables. These cables, called Limited Combustible, are insulated and jacketed with DuPont™ Teflon® and are designed to fight fire risk and hazards. In a fire, the low flame and low smoke properties of Limited Combustible cables made with Teflon®, offer a new, high level of protection for people, property and business-critical IT systems equipment.

About DWS Defense Systems

DWS Defense Systems offers high quality, state of the art security glass and associated applications and systems that have numerous applications. DWS solutions minimizes the significant injuries that are caused by flying glass shards produced after bullet or blast impact and provides greater safety and security levels to building occupants and assets. DWS Defense Systems and its highly skilled team will design, develop, manufacture and install specialty products, applications and systems for the safety and security needs of domestic and international businesses and the residential markets.

Except for historical matters, the matters in this press release are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements reflect assumptions, and involve risks and uncertainties, which might affect DataWorld's business and prospects and cause actual results to differ materially from these forward-looking statements, which are detailed in DataWorld's public filings with the SEC.

Visit our website: www.dataworlddirect.com


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