iHub My Stocks Activity
Ticker Buzz Cloud
Most Followed Members
Data Tools >
Markets in 3D
More Tools >
My Image Gallery
Personal Finance Q&A
VerifyMe Inc. (VRME)
Add VRME Price Alert
Search This Board:
6/23/2016 10:06:04 PM
- Board type:
- Posts Today:
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
VRME Detailed Quote
Post New Msg
My Stocks (3)
VerifyMe, Inc. and Hewlett-Packard Indigo Sign MOU to
05/26/16 11:14:31 AM
Volume picking up a bit this week.
06/23/16 10:06:04 PM
signs of life? eom.
06/23/16 01:44:44 PM
Nice volume today...all things considered!! ;-)
06/23/16 01:32:06 PM
We need more to notice this gem!
06/23/16 10:10:21 AM
A little bit! LoL
06/22/16 10:29:35 PM
Sure is. Nice bounce and thin as heck
06/22/16 09:29:24 PM
Waking up a bit
06/22/16 03:18:41 PM
It sure is.
06/15/16 10:34:10 PM
Crazy....hopefully we get some news soon also
06/15/16 09:08:12 PM
Stupid thin on ask.
06/15/16 08:58:19 PM
Small trade today shows just how thin this
06/15/16 06:46:34 PM
VRME L2 showing 31k shares to .30
06/15/16 01:43:44 PM
Might get some more movement soon?
06/14/16 11:19:22 PM
Market Cap 650k is nuts.
06/14/16 11:11:07 PM
Below otc radar yet not below HP's radar.
06/13/16 01:32:33 AM
Every bit helps.
06/12/16 08:17:49 PM
I was gonna post in on a few
06/12/16 07:51:21 PM
No, that would be a good thing. I
06/12/16 07:49:10 PM
Think this stock needs more attention from traders?
06/12/16 07:22:53 PM
Yeah, had a few nice hits Friday to
06/12/16 07:20:53 PM
Some good movement there. Would be nice to
06/12/16 07:19:10 PM
Now that's more like it!
06/10/16 04:18:53 PM
Exactly. People flock to those that have nothing
06/09/16 11:24:07 PM
Paltry volume took this down double-digits today.
06/09/16 11:15:48 PM
Agree. Low floats can have big swings to
06/09/16 11:07:42 PM
You would think so being they have signed
06/09/16 11:06:45 PM
You ain't kidding...what the heck happened indeed.
06/09/16 11:05:33 PM
Are we expecting to see HP release a
06/09/16 10:47:51 PM
The one positive is this isn't a diluted
06/09/16 10:43:19 PM
Guess I have no choice. Looking for more
06/09/16 10:40:32 PM
Not sure. Great news just days ago and
06/09/16 10:30:03 PM
:( what happened? After such good news?
06/09/16 09:27:23 PM
Agree. I've been posting on it a few
06/03/16 02:50:35 PM
Low O/S under radar good risk reward
06/03/16 02:32:57 PM
Slowly the .19's are clearing out.
06/03/16 02:02:40 PM
Agree. Got a few hits yesterday and a
06/02/16 10:26:17 AM
In several plays...adding here where u can.
06/02/16 08:47:47 AM
Suppose one could ask. This is bottom and
06/02/16 08:15:23 AM
Hmmm, wonder what caused that.
05/31/16 09:37:06 PM
Who will be the new COO?
05/31/16 05:31:06 PM
VRME still very thin to the upside.
05/31/16 11:39:19 AM
Here too. We had a spike to $2.50
05/30/16 10:50:22 PM
Looking forward to the week ahead!! $VRME
05/30/16 10:48:13 PM
Agree. We spiked up to the .23's Friday
05/30/16 08:40:43 PM
The risk/reward here at this pps is inviting.
05/28/16 11:33:37 PM
Moved to the $2.50 level just back in
05/27/16 04:09:55 PM
True. I am away for the weekend so
05/27/16 04:09:25 PM
If Dr. Frost does get on board, this
05/27/16 04:07:46 PM
Just need a tad bit of awareness after
05/27/16 04:06:34 PM
Agree. Mind boggling after that news yesterday.
05/27/16 02:37:59 PM
Post New Msg
My Stocks (3)
© 2016 InvestorsHub.Com, Inc.
Terms of Service
Advertise With Us
Stock Market 101
Investor Help Forum
Personal Finance Q&A
iHub on Facebook
iHub on Twitter
iHub iPhone/iPad App
iHub Android App
iHub BlackBerry App