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VerifyMe Inc. (VRME)
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8/23/2016 1:50:45 PM
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LaserLock Technologies Signs Letter of Intent to Acquire ExaqtWorld and Enter the Electronic Security Systems Industry
PHILADELPHIA, Jan. 10 /PRNewswire-FirstCall/ -- LaserLock Technologies Inc. (OTC Bulletin Board: LLTI) today announced that it had signed a Letter of Intent to acquire a minimum of 95% of the shares of ExaqtWorld S.A.R.L., based in Paris, France, for 36.6% of the outstanding shares of LaserLock. The announcement was made by Norman A. Gardner, Chairman and Chief Executive Officer of LaserLock.
'The combination of two security-related businesses - ExaqtWorld (
in the established Electronic Article Surveillance (EAS) anti-shoplifting business and LaserLock (
in the emerging security authentication sector - presents an opportunity for both companies to develop and sell complementary security products globally,' says Mr. Gardner.
The Company announced that after the merger, Thomas A. Nicolette will become President and Chief Executive Officer of LaserLock. Mr. Nicolette brings over 25 years of experience in the Electronic Security Systems industry having been Chairman, President & CEO of several public and private companies including Knogo Corporation in the EAS sector and DNA Technologies in the security authentication sector.
'As a result of the ExaqtWorld acquisition, LaserLock will own the worldwide rights in the security sector of a fundamental patent to manufacture multi-tech EAS systems, which simultaneously detect multiple EAS frequencies (RF, EM, AM and RFID), allowing the seamless integration for source tagging of products at the manufacturing level of the supply chain of the retail industry,' Mr. Gardner said.
The Exaqt Security System is the first fully industrialized multi-tech EAS system to be installed in the world. Today, there are more than 3,000 antennas that have been sold and installed by distributors in hypermarkets and supermarkets in France, Mexico and Belgium.
The Letter of Intent provides for a 'standstill period' in order to complete due diligence and enter into a legally binding definitive agreement, which is expected by March 2006.
ABOUT THE COMPANY
LaserLock Technologies Inc., based in Bala Cynwyd, PA, is a U.S. publicly traded company whose securities trade on the OTC-BB under the ticker symbol 'LLTI'. The Company markets security authentication systems designed to enhance the security of documents and branded products to meet the growing demand for protection from counterfeiting, diversion and reproduction on a color copier or scanner. It also markets security-related products to the casino/gaming industry,
The foregoing contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks and uncertainties. Actual results may differ materially from such forward-looking statements (a summary of which may be found in the Company's Annual Report on Form 10-KSB for the year ended December 31, 2004 and in the Company's Quarterly Report on Form 10-QSB for the quarter ended September 30, 2005, in each case under the caption 'Risk Factors'). 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 implied) will not be realized.
SOURCE LaserLock Technologies, Inc.
ITEM 11. SECURITY OWNERSHIP OF MANAGEMENT AND CERTAIN BENEFICIAL OWNERS
The following table sets forth certain information known to the Company regarding the beneficial ownership of Common Stock as of December 31, 2004, by
(i) each director of the Company, (ii) each executive officer of the Company,
(iii) all directors and executive officers as a group, and (iv) each person known to the Company to be the beneficial owner of more than 5% of its outstanding shares of Common Stock.
Shares Beneficially Owned
Name (and Address of 5% Shares Percentage
Beneficial Owner) Held Owned (1)
--------------------------------- ------------- ----------
Californian Securities S.A. 19,076,736 31.48%
Edificio Bilbao Plaza, Suite 418
Panama City, Republic of Panama
Pacific Continental Securities
111 Cannon Street
London EC4N5AR, England 17,795,903 29.37%
Norman A. Gardner 4,785,048 (2) 7.59%
837 Lindy Lane
Bala Cynwyd, PA 19004
Howard Goldberg 3,116,485 (3) 4.91%
Michael J. Prevot 425,000 (4) 0.70%
Julius Goldfinger 280,000 (5) 0.46%
Directors and Officers as a Group 5,490,048 (6) 8.63%
ONLY 15 M SHARES IN THE PUBLIC FLOAT!!!!!!
Source: PR Newswire (January 10, 2006 - 10:00 AM EST)
News by QuoteMedia
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VerifyMe, Inc. and Hewlett-Packard Indigo Sign MOU to
05/26/16 11:14:31 AM
08/23/16 01:50:45 PM
VRME bullish 0.2300
08/23/16 09:40:04 AM
Not bad at all.
08/22/16 10:24:11 PM
Earrings .06 (.24) per share. We know most
08/22/16 04:06:32 PM
Understood. I still am holding.
08/21/16 10:30:18 PM
Should add, I'm glad to see this back
08/18/16 05:39:39 PM
Yep! I definitly understand there lol.
08/18/16 05:36:44 PM
Next filing might reveal. I'm usually the
08/18/16 05:35:24 PM
I wasn't in as long as maybe some
08/18/16 05:33:03 PM
I would say no. I don't think
08/18/16 05:26:32 PM
I was one of the people who kept
08/18/16 05:24:47 PM
So does VRME still need to post their
08/18/16 04:30:30 PM
there was decent info yesterday in the NT10Q
08/18/16 04:03:43 PM
Do you think someone is pumping this stock?
08/18/16 03:50:53 PM
and now? hmmm
08/18/16 11:13:30 AM
Uggghh. It was actually your alert that day
08/18/16 10:09:03 AM
That would be 'wishful thinking' on my part. :-(
08/18/16 08:28:30 AM
You're still in though?
08/17/16 05:54:36 PM
Very unreal...this is another one of those 'kick
08/17/16 05:47:41 PM
Nearing 400% from July lows.
08/17/16 03:57:42 PM
Wooohoooo shes slowly making moves!!
08/17/16 03:49:32 PM
Back to a .20 bid. Not bad at all.
08/16/16 08:43:43 PM
Interesting reason for a 5 day delay.
08/16/16 07:51:47 PM
I see that. Still holding up decently though
08/16/16 12:31:39 PM
MMs gaming it here for a bit.
08/16/16 12:27:49 PM
Still up near out peak though considering the
08/11/16 07:02:09 PM
Stupid market sell there today.
08/11/16 04:47:48 PM
Has to be nearing.
08/11/16 03:30:55 PM
08/11/16 03:15:33 PM
Hard to say but we're doing pretty well
08/11/16 01:44:01 PM
Might be going back up thanks to the
08/11/16 12:59:30 PM
VRME highest level since back in middle May
08/10/16 02:39:11 PM
potential is impressive here.
08/09/16 12:54:48 PM
See that. 80%
08/05/16 02:39:36 PM
followed by a ridiculous spread. lol
08/05/16 02:35:34 PM
08/04/16 03:01:06 PM
Yes, nice to see us turning back up
08/04/16 02:28:46 PM
Didn't think I'd ever see 2's back up
08/04/16 02:19:28 PM
VRME is very thin on L2.
08/04/16 11:06:49 AM
I believe its moving with HPE a bit.
08/04/16 10:09:39 AM
Takes nothing to move VRMW. Nice bounce this afternoon.
08/01/16 04:00:22 PM
Still very much below the radar.
08/01/16 03:16:19 PM
Lots of buying here Friday. News soon?
07/31/16 07:48:49 PM
07/29/16 06:19:09 PM
Climbing back up nicely on VRME.
07/29/16 01:51:57 PM
Going to be a nice 'right side of
07/23/16 02:50:42 AM
Next news should change vol
07/22/16 03:49:36 PM
Patience has served me well here but never
07/22/16 04:48:46 AM
A nice burst there mid morning but it
07/21/16 10:12:33 PM
Almost 'crazy volume'!! lol. This is painful!
07/21/16 04:51:39 PM
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