Dow Jones 10635.07 +41.97 8:15 am PST, February 4, 2005  NASDAQ 2072.36 +14.72 For info, visit access.smallcapnetwork.com S & P 500 1195.47 +5.58 Change your subscription status here Russell 2000 633.12 +3.80 VOLUME 05: ISSUE 9  Feature: Force Protection Does the Splits. Force Protection (OTCBB: FRPT) announced Thursday evening that as of the open today, Friday, it would reverse split its shares 12 for 1. Investors need to adjust their positions--for example, if you had 12000 'old' shares, you now have 1000 'new'--and trade accordingly. The company press release (http://biz.yahoo.com/bw/050203/35890_1.html) noted an incorrect symbol for the consolidated shares, so be careful as you change your tracking and portfolio symbols. It's FRPT on the OTCBB. As we have also mentioned, this action will tighten up the capital structure as virtually all of the previously outstanding shares were converted and reflected in this new regime, including those shares underlying stock options. As I mentioned earlier in the SCBLOG, the shares will likely be volatile as the new structure settles. The shares had sold off prior to the split, which happens in a lot of these types of transactions, and opened Friday down slightly. The shares closed Thursday at about 21 cents or about $2.50 post reverse split. Early Friday the shares were trading at roughly that same level and appeared to want to go higher. We continue to suggest accumulation for risk-oriented investors. Needless to say, there is no chart as yet, but we will bring you a technical view when available. The important thing is that no matter the structure, our view of FRPT's potential and progress hasn't changed. We believe that the company is in the right space at the right time and today's actions will enhance its stature. Existing contracts gained should be reflected in the numbers soon, and we believe more and significant contracts will appear as the weeks and months progress. There is little doubt conflicts in which the US is currently engaged will wear on, as well as the possibility of further conflicts in the future. The focus of the insurgents and other enemies makes the need for FRPT's vehicles more and more critical. As more news and information becomes available, we will report to the readership.   We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 3525 Del Mar Heights Rd #334 San Diego, CA 92130   Unsubscribe Here D I S C L A I M E R: The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a licensed investment professional or broker-dealer. All companies are chosen on the basis of certain financial analysis and other pertinent criteria with a view toward  maximizing the upside potential for investors while minimizing the downside risk, whenever possible.  Moreover, as detailed below, this publication accepts compensation from third party consultants and/or companies which it features for the publication and circulation of the SmallCap Digest or representation on SmallCapNetwork.net.  Likewise, this newsletter is owned by TGR, LLC.  To the degrees enumerated herein,  this newsletter should not be regarded as an independent publication. Visit Here to view our compensation on every company we have ever covered, or visit the following web address:  http://access.smallcapnetwork.com/compensation_disclosure.html for our full compensation disclosure and http://access.smallcapnetwork.com/short_term_alerts.html for Trading Alerts compensation and disclosure. TGR Group LLC has been paid of fee of $25,000 cash and 800,000 shares of newly issued, restricted stock by Force Protection for coverage of the company.  Additionally, Some of the companies featured in the SmallCap Digest Newsletter pay an ESP (Electronic Service Provider) fee to an affiliated Technology Company for electronic delivery of this newsletter and other web related technology services. Fees range from $3,000 to $5,000 per month. All statements and expressions are the sole  opinions of the editors and are subject to change without notice. A profile, description, or other mention of a company in the newsletter is neither an offer nor solicitation to buy or sell any securities  mentioned. While we believe all sources of information to be factual and reliable, in no way do we represent or guarantee the accuracy thereof, nor the statements made herein. From time to time TGR Group LLC sells shares in the open market it receives as compensation for coverage of client companies. Since the shares are received as compensation for services as previously disclosed, and not for investment purposes, the editors do not view the sale of the shares as contradictory to any advice delivered in the content. This should be viewed as a conflict of interest by shareholders or prospective shareholders of the client companies. The editor, members of the editor's family, and/or entities with  which the editor is affiliated aside from TGR Group LLC itself, are forbidden by company policy to own, buy, sell or otherwise trade stock for their own benefit in the companies who appear in the publication unless specifically disclosed in the newsletter. The profiles, critiques, and other editorial content of the SmallCap Digest and SmallCapNetwork.net may contain statements that appear forward as it relates to the expected capabilities of the companies mentioned herein. THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN  SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK. THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT THE EXPRESSED, WRITTEN  CONSENT OF THE EDITORS OF SMALLCAPNETWORK.NET. We encourage our readers to invest carefully and read the investor information available at the web sites of  the Securities and Exchange Commission ("SEC") at http://www.sec.gov and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com. We also strongly recommend that you read the SEC advisory to investors concerning Internet Stock Fraud, which can be found at  http://www.sec.gov/consumer/cyberfr.htm . Readers can review all public filings by companies at the SEC's EDGAR page. The NASD has published information on how to invest carefully at its web site.