Pacific Safety Products Inc (PSP:CDNX) announced today that it has signed a letter of intent to acquire all outstanding shares of Aegis Engineered Textile Products Inc (Aegis). At this time, discussions are continuing to complete the acquisition by August 31, 2000.Aegis' annual revenues for the year ended December 31, 1999 were approximately $4,000,000 and it currently employs 60 workers at the Arnprior facility.