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Last Post: 6/23/2016 10:06:04 PM - Followers: 20 - Board type: Free - Posts Today: 0
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 (http://www.exaqtworld.com) in the established Electronic Article Surveillance (EAS) anti-shoplifting business and LaserLock (http://www.laserlocktech.com) 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,

FORWARD-LOOKING INFORMATION

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
Avenida Bilbao
Panama City, Republic of Panama

Pacific Continental Securities
Nominees Limited
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
www.quotemedia.com


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#264  Sticky Note VerifyMe, Inc. and Hewlett-Packard Indigo Sign MOU to dshade 05/26/16 11:14:31 AM
#321   Volume picking up a bit this week. Garyst 06/23/16 10:06:04 PM
#320   signs of life? eom. tedpeele 06/23/16 01:44:44 PM
#319   Nice volume today...all things considered!! ;-) Lone Wolf 06/23/16 01:32:06 PM
#318   We need more to notice this gem! corncakes0 06/23/16 10:10:21 AM
#317   A little bit! LoL Lone Wolf 06/22/16 10:29:35 PM
#316   Sure is. Nice bounce and thin as heck Garyst 06/22/16 09:29:24 PM
#315   Waking up a bit corncakes0 06/22/16 03:18:41 PM
#314   It sure is. Garyst 06/15/16 10:34:10 PM
#313   Crazy....hopefully we get some news soon also corncakes0 06/15/16 09:08:12 PM
#312   Stupid thin on ask. dshade 06/15/16 08:58:19 PM
#311   Small trade today shows just how thin this Garyst 06/15/16 06:46:34 PM
#310   VRME L2 showing 31k shares to .30 Garyst 06/15/16 01:43:44 PM
#309   Might get some more movement soon? corncakes0 06/14/16 11:19:22 PM
#308   Market Cap 650k is nuts. dshade 06/14/16 11:11:07 PM
#307   Below otc radar yet not below HP's radar. dshade 06/13/16 01:32:33 AM
#306   Every bit helps. Garyst 06/12/16 08:17:49 PM
#305   I was gonna post in on a few corncakes0 06/12/16 07:51:21 PM
#304   No, that would be a good thing. I Garyst 06/12/16 07:49:10 PM
#303   Think this stock needs more attention from traders? corncakes0 06/12/16 07:22:53 PM
#302   Yeah, had a few nice hits Friday to Garyst 06/12/16 07:20:53 PM
#301   Some good movement there. Would be nice to corncakes0 06/12/16 07:19:10 PM
#300   Now that's more like it! Garyst 06/10/16 04:18:53 PM
#299   Exactly. People flock to those that have nothing Garyst 06/09/16 11:24:07 PM
#298   Paltry volume took this down double-digits today. Lone Wolf 06/09/16 11:15:48 PM
#297   Agree. Low floats can have big swings to Garyst 06/09/16 11:07:42 PM
#296   You would think so being they have signed Garyst 06/09/16 11:06:45 PM
#295   You ain't kidding...what the heck happened indeed. Lone Wolf 06/09/16 11:05:33 PM
#294   Are we expecting to see HP release a corncakes0 06/09/16 10:47:51 PM
#293   The one positive is this isn't a diluted Garyst 06/09/16 10:43:19 PM
#292   Guess I have no choice. Looking for more corncakes0 06/09/16 10:40:32 PM
#291   Not sure. Great news just days ago and Garyst 06/09/16 10:30:03 PM
#290   :( what happened? After such good news? corncakes0 06/09/16 09:27:23 PM
#289   Agree. I've been posting on it a few Garyst 06/03/16 02:50:35 PM
#288   Low O/S under radar good risk reward dshade 06/03/16 02:32:57 PM
#287   Slowly the .19's are clearing out. Garyst 06/03/16 02:02:40 PM
#286   Agree. Got a few hits yesterday and a Garyst 06/02/16 10:26:17 AM
#285   In several plays...adding here where u can. Lone Wolf 06/02/16 08:47:47 AM
#284   Suppose one could ask. This is bottom and dshade 06/02/16 08:15:23 AM
#283   Hmmm, wonder what caused that. Garyst 05/31/16 09:37:06 PM
#282   Who will be the new COO? dshade 05/31/16 05:31:06 PM
#281   VRME still very thin to the upside. Garyst 05/31/16 11:39:19 AM
#280   Here too. We had a spike to $2.50 Garyst 05/30/16 10:50:22 PM
#279   Looking forward to the week ahead!! $VRME Lone Wolf 05/30/16 10:48:13 PM
#278   Agree. We spiked up to the .23's Friday Garyst 05/30/16 08:40:43 PM
#277   The risk/reward here at this pps is inviting. dshade 05/28/16 11:33:37 PM
#276   Moved to the $2.50 level just back in Garyst 05/27/16 04:09:55 PM
#275   True. I am away for the weekend so Garyst 05/27/16 04:09:25 PM
#274   If Dr. Frost does get on board, this dshade 05/27/16 04:07:46 PM
#273   Just need a tad bit of awareness after dshade 05/27/16 04:06:34 PM
#272   Agree. Mind boggling after that news yesterday. Garyst 05/27/16 02:37:59 PM
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