PRESS RELEASE

For many years Cavalry Arms Corporation (“Cavalry”) has strived to manufacture and sell quality firearms to the public. We have always strived to put our experience from the field into making quality products that the average shooter can afford, while still bringing innovations to the industry. We are dedicated to providing the best possible products and customer service to the firearms market.

On February 27, 2008, agents of the Bureau of Alcohol, Tobacco, Firearms and Explosives executed a federal search warrant on the business premises of Cavalry and on the private residence of its CEO, Shawn Nealon. We have immediately engaged legal counsel to resolve this matter with the federal government. Cavalry is confident that all it conduct has been lawful in carrying out its business activities. The Government has yet to share with the company details of the investigation or the cause precipitating the search warrant. Cavalry is cooperating with the federal investigation. To date no accusations of wrongdoing have been filed against Cavalry or any of its employees regarding alleged illegal activity.

While we are waiting for a resolution to this situation, Cavalry Arms will remain open for business and continue firearms operations under its Manufacturer’s FFL. Unfortunately, the federal government seized business files, computers, and inventory from Cavalry during the execution of the search warrant. As a result, Cavalry has been forced to reconstitute its resources, and we expect to be fully operational in the near future. In the meantime, we still carry firearm parts and emergency medical products for sale. We appreciate your patience, and we thank everyone who has shown us support during this turbulent time.

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