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Last Post: 10/30/2016 8:42:07 PM - Followers: 22 - 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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#408   Verified social media profile patent approved. 3 other masterblaster666 10/30/16 08:42:07 PM
#407   Nice again! Garyst 09/28/16 09:18:42 PM
#406   Nice bounce today. Garyst 09/19/16 04:00:25 PM
#405   Highest VRME level of the run. Garyst 09/16/16 03:08:27 PM
#404   And more today! Garyst 09/02/16 11:29:00 PM
#403   And again :) Garyst 09/01/16 09:29:52 PM
#402   Nice bump again. dshade 08/31/16 05:10:08 PM
#401   Yes. What a nice move since the levels Garyst 08/30/16 12:15:49 PM
#400   better burst early morning/afternoon too. dshade 08/30/16 12:11:42 PM
#399   Nice burst of volume late day today. Garyst 08/29/16 11:22:22 PM
#398   Not much to worry about with that 212 Garyst 08/25/16 01:35:31 PM
#397   funny 212 bid tap shorty. lol dshade 08/25/16 12:39:08 PM
#396   silence i see masterblaster666 08/25/16 11:09:13 AM
#395   intersections a credit monitaring service hp and mozido masterblaster666 08/24/16 12:44:33 PM
#394   mozido was mention in annual report and they masterblaster666 08/24/16 12:42:33 PM
#393   Anything prior is useless, old outdated, info. dshade 08/24/16 12:33:38 PM
#392   Post June is when this all begins and dshade 08/24/16 12:32:56 PM
#391   VerifyMe has begun showcasing Security-ElectroInk as a vendor dshade 08/24/16 12:32:18 PM
#390   Only deal that matters is w/ HP. Still dshade 08/24/16 12:30:43 PM
#389   all those fake signed deals smell and the masterblaster666 08/24/16 12:26:10 PM
#388   nothing smells funny. totally different company now. dshade 08/24/16 11:35:56 AM
#387   how many shorts are there? i read otc masterblaster666 08/23/16 09:38:19 PM
#386   major financial institution deal 2014.what ever happened with masterblaster666 08/23/16 09:34:13 PM
#385   perhaps dshade 08/23/16 01:50:45 PM
#384   VRME bullish 0.2300 stocktrademan 08/23/16 09:40:04 AM
#383   Not bad at all. Garyst 08/22/16 10:24:11 PM
#382   Earrings .06 (.24) per share. We know most dshade 08/22/16 04:06:32 PM
#381   Understood. I still am holding. Garyst 08/21/16 10:30:18 PM
#380   Should add, I'm glad to see this back Lone Wolf 08/18/16 05:39:39 PM
#379   Yep! I definitly understand there lol. corncakes0 08/18/16 05:36:44 PM
#378   Next filing might reveal. I'm usually the Lone Wolf 08/18/16 05:35:24 PM
#377   I wasn't in as long as maybe some corncakes0 08/18/16 05:33:03 PM
#376   I would say no. I don't think Lone Wolf 08/18/16 05:26:32 PM
#375   I was one of the people who kept Lone Wolf 08/18/16 05:24:47 PM
#374   So does VRME still need to post their corncakes0 08/18/16 04:30:30 PM
#373   there was decent info yesterday in the NT10Q dshade 08/18/16 04:03:43 PM
#372   Do you think someone is pumping this stock? corncakes0 08/18/16 03:50:53 PM
#371   and now? hmmm dshade 08/18/16 11:13:30 AM
#370   Uggghh. It was actually your alert that day Garyst 08/18/16 10:09:03 AM
#369   That would be 'wishful thinking' on my part. :-( Lone Wolf 08/18/16 08:28:30 AM
#368   You're still in though? Garyst 08/17/16 05:54:36 PM
#367   Very unreal...this is another one of those 'kick Lone Wolf 08/17/16 05:47:41 PM
#366   Nearing 400% from July lows. Garyst 08/17/16 03:57:42 PM
#365   Wooohoooo shes slowly making moves!! corncakes0 08/17/16 03:49:32 PM
#364   Back to a .20 bid. Not bad at all. Garyst 08/16/16 08:43:43 PM
#363   Interesting reason for a 5 day delay. dshade 08/16/16 07:51:47 PM
#362   I see that. Still holding up decently though Garyst 08/16/16 12:31:39 PM
#361   MMs gaming it here for a bit. dshade 08/16/16 12:27:49 PM
#360   Still up near out peak though considering the Garyst 08/11/16 07:02:09 PM
#359   Stupid market sell there today. dshade 08/11/16 04:47:48 PM
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