BlastGard International, Inc. Enters Into Exclusive License Agreement With Blast & Fire Technology, Inc.

CLEARWATER, Fla.--July 30, 2004--BlastGard International, Inc. (OTCBB:BLGA) is pleased to announce that it has entered into an exclusive license agreement with Blast & Fire Technology, Inc. ("Blast & Fire") for the sale of BlastGard's products to the Petrochemical and Oil & Gas Industry. Blast & Fire, which is headquartered in El Campo, TX, has been granted an exclusive license for the United States and surrounding international waters. In the exploration and production of and the refining of oil and gas, the prevention and containment of vapor cloud explosions ("VCE's") are high priorities. In situations where VCE's are a risk, BlastGard and Blast & Fire are working jointly on a new proprietary, versatile process to produce a revolutionary approach to mitigating explosions.

Under the Agreement, BlastGard expects to more rapidly penetrate various key market opportunities by the use of Blast & Fire's contractual arrangements and marketing operations with the Petrochemical and Oil and Gas industries for BlastGard products and associated services. In addition, Blast & Fire Management will provide, as necessary, office space, administrative support and other technical support to this effort.

When asked to comment on the new relationship, Bobby Vasquez, President of Blast & Fire stated that: "Our goal at Blast & Fire is to use our expertise and new technologies to design ingenious, cost-efficient solutions, especially for VCE's in the Petrochemical and Oil and Gas industries. We are committed to developing innovative solutions for our customers. BlastGard's blast mitigation products offer a new technology for protection against VCE's and fireballs that we want to help bring to market. Blast & Fire has started extensive testing of BlastWrap(TM) to develop a cost-effective solution where none exists today. Blast & Fire has achieved 42% mitigation in initial testing of VCE's with the optimum goal of achieving 50% or better in full scale tests."

BlastGard CEO Jim Gordon comments that: "We are excited to be working with Blast & Fire. The skills of the individuals, the synergies between the two companies and the considerable resources brought together by this agreement significantly elevate our opportunity to provide meaningful safety and service to many new customers for our innovative products and systems. The periodic occurrence of large-scale, potentially disastrous accidents involving fire in hazardous environments, such as oil well blowouts and petrochemical explosions, highlights the need for an integrated approach to fire and explosion safety engineering."

About Blast & Fire Technology

Blast & Fire Technology, Inc. was created to market innovative Blast & Fire management technologies to major oil companies in the USA market. Blast & Fire designs and markets blast threat solutions for and installs mitigation materials for the Petrochemical and Oil and Gas industries where major VCE's are a threat, especially in large-volume offshore oil and gas production platforms and in major refining facilities. The company's principal focus is the design of both OEM and retrofit solutions for mitigation of damage from VCE events.

About BlastGard International

BlastGard International, Inc. was created to design, develop, manufacture and market proprietary blast mitigation materials. The Company's patent-pending BlastWrap(TM) technology effectively mitigates blast effects and suppresses post-blast fires. This unique technology can be used to create new, finished products or to retrofit to existing products. While the need for this technology has always been present, the security and safety concerns resulting from the September 11, 2001 acts and the subsequent development of Homeland Security make the timing of the Company's emergence even more important. The Company's core market focus is on blast effects mitigation for the commercial sector, military, law enforcement and government agencies. BlastWrap(TM) is based upon well-defined principles and suppresses blast pressures by 50% or more. BlastWrap(TM) products are made from two flexible films arranged one over the other and joined by a plurality of seams filled with attenuating filler material (volcanic glass bead or other suitable two-phase materials), configurable (designed for each application) with an extinguishing coating that offers a revolutionary blast protection system against Blast & Fire/burn threats. BlastWrap(TM) is a blast mitigation assembly that can be wrapped around or conform to any shape. BlastWrap(TM) is a concept (not a chemical compound) from which blast protection products are built to save lives and reduce damage to valuable assets from explosions. Additional information on BlastGard can be found at http://www.blastgardintl.com .

"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements that involve a number of risks and uncertainties. It is possible that the assumptions made by management are not necessarily the most likely and may not materialize. In addition, other important factors that could cause actual results to differ materially include the following: the Company's ability to market its products; the Company's ability to obtain additional funding; the Company's ability to obtain regulatory approvals on new products, the general economy; competitive factors; ability to attract and retain personnel; the price of the Company's stock; and other risk factors. The Company takes no obligation to update or correct forward-looking statements.