Contact Information: CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High 303-393-7044
Law Enforcement Associates Awarded $655,000 Order for Wireless Video Kits From U.S. Government Agency
Total Value of Renewable Contract Exceeds $3.5 Million
| Source: Law Enforcement Associates
YOUNGSVILLE, NC--(Marketwire - January 30, 2008) - Law Enforcement Associates Corporation
(LEA) (AMEX : AID ), the largest U.S. developer and manufacturer of
undercover surveillance equipment, today announced it has received a
$655,000 order for 30 of the company's Wireless Video Kits. The order was
placed by an unnamed agency of the U.S. Government, which has purchased
several dozen of the advanced surveillance systems following an initial
order in May 2005. Total value of the kits purchased to date by the agency
is approximately $3.5 million. LEA expects to recognize the full value of
the latest contract during the current quarter ending March 31, 2008.
Paul Feldman, president of LEA, said the order was originally anticipated
during the second half of fiscal 2007, but changes in the customer's
procurement procedures delayed the contract. "We are encouraged this order
is finally in place, and are optimistic it will serve as the cornerstone
for a year of improved financial performance and overall growth at LEA."
About Law Enforcement Associates Corporation
LEA is a leading security and surveillance technology company that
manufactures and markets a diverse product line to the worldwide law
enforcement, military, security and corrections markets. The company's
Audio Intelligence Devices (AID) division has been serving the law
enforcement sector for more than 30 years and is one of the most respected
names in the surveillance equipment industry. LEA's products are used by a
wide variety of government and non-governmental agencies, as well as public
and private companies. These include military bases, nuclear facilities,
embassies, government installations, oil refineries, United Nations and
NATO locations. The company enjoys close working relationships with other
prominent players in the security and surveillance industry, such as Smith
& Wesson (NASDAQ : SWHC ), one of the world's largest manufacturers of
quality firearms and firearm safety/security products; and FLIR Systems,
Inc., a world leader in the design, manufacture and marketing of thermal
imaging and stabilized camera systems. LEA's products have been used at
high-profile events such as the Summer & Winter Olympics, Super Bowl, U.S.
Golf Championship, and the Democratic and Republican National Conventions.
Its products include the Under Vehicle Inspection System (UVIS), Smith &
Wesson-branded UVIS Swift, EDK123 (Explosive Detection Kit), Bloodhound and
Birddog GPS Tracking Systems, Graffiti Cam, Letter-bomb Visualizer Spray,
and a wide variety of Audio & Video Surveillance Equipment. Headquartered
in Youngsville, N.C., the company has been featured in many industry
publications and websites. For more information, please visit
www.leacorp.com.
Forward-Looking Information:
The statements in this news release contain forward-looking information
within the meaning of the Private Securities Litigation Reform Act of 1995.
Statements that use words such as "believe," "anticipate," "estimate,"
"intend," "could," "plan," "expect," "project," "predict," "forecast,"
"outlook," "potential," "continue," "may," "future," "can," "enhance," and
"should," or the negative of these, as well as similar expressions, can be
used to identify forward-looking statements. Such forward-looking
statements involve certain risks, assumptions and uncertainties, including
the inability to generate and secure the necessary product sales, or the
lack of acceptance of the company's products by its customers. In each case
actual results may differ materially from such forward-looking statements.
The company does not undertake to publicly update or revise its
forward-looking statements even if experience or future changes make it
clear that any projected results (expressed or modified) will not be
realized.