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LaserLock Tech Inc. (LLTI)

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Last Post: 5/28/2015 1:11:34 PM - Followers: 12 - 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 ( 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, 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
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Current Price
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LLTI News: Quarterly Report (10-q) 05/15/2015 02:21:09 PM
LLTI News: Current Report Filing (8-k) 05/06/2015 04:03:18 PM
LLTI News: Current Report Filing (8-k) 04/24/2015 05:02:41 PM
LLTI News: Annual Report (10-k) 04/16/2015 06:15:38 AM
LLTI News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 03/31/2015 06:15:30 AM
#122   Hmmmm Anonymous501 05/28/15 01:11:34 PM
#121   Where is LLTI? Staples hack exposes 1.2 million credit babybones14 12/20/14 08:11:17 AM
#120   There we go baby!!! babybones14 11/19/14 06:17:00 PM
#119   Be nice if LLTI released news or something babybones14 11/01/14 01:47:44 PM
#118   Big news brewing in Laser Lock land. I babybones14 10/04/14 09:30:50 AM
#117   LLTI should contact ELRA for their mobile gaming Pbm9Cje2n 09/26/14 01:45:00 PM
#116   Really, yesterday's news release didn't peak anyone's interest? babybones14 09/09/14 10:30:20 AM
#115   +.10+ today!! Just need one big order, and babybones14 08/29/14 08:06:18 AM
#114   .10+ today!! babybones14 08/29/14 08:05:13 AM
#113   Primed for a run just cant get any APDN 4 LIFE 08/28/14 04:00:52 PM
#112   Ready for this bad boy to take off! babybones14 08/20/14 10:52:08 AM
#111   weekly and daily chart look good, I am curiousbuild 08/11/14 10:15:09 PM
#110   I'm expecting a run tomorrow... Hoping for APDN 4 LIFE 08/11/14 10:10:57 PM
#109   no kidding, nice run in last three days... curiousbuild 08/11/14 10:09:14 PM
#108   LLTI about to crank APDN 4 LIFE 08/11/14 10:01:22 AM
#107   Lots of upside here. scriznik 03/10/14 02:16:30 PM
#106   I grabbed a starter position here today Equity Reviewer 03/10/14 02:04:25 PM
#105   LLTI perking up. scriznik 02/26/14 09:29:25 PM
#104   Very interesting company. Loading zone down here for LLTI scriznik 02/18/14 11:10:53 PM
#103   Online gambling, Smartchip credit cards, all the counterfeit bonis 02/11/14 02:47:04 PM
#102   Whats going on with LLTI?? No News?? Is bonis 01/17/14 02:19:22 PM
#101   Borgata Casino in New Jersey announced that they haricari 10/10/13 11:03:04 PM
#100   Hey Charts: haricari 10/02/13 10:41:23 AM
#99   How about another of your Famous Charts. haricari 09/26/13 10:17:27 AM
#98   Here it is 1:00PM Monday and show nothing haricari 09/23/13 01:15:31 PM
#97   Announcement had a gigantic effect, 5,000 shares traded haricari 09/20/13 04:11:53 PM
#96   1:31 and nothing. What Gives? haricari 09/20/13 01:32:37 PM
#95   Amazing: An announcement about additional revenue and with ABanknote haricari 09/20/13 11:19:42 AM
#94   It seems the bids went to the offer? stock_MD 09/19/13 03:24:42 PM
#93   level 2 2 100k bids at .10 stock_MD 09/19/13 10:38:03 AM
#92   Maybe MCD ? Nationwide rollout ... good way stock_MD 09/19/13 10:37:33 AM
#91   Hello again folks: haricari 09/16/13 07:20:32 PM
#90   Well all we got today was more doubletalk haricari 09/13/13 10:32:38 AM
#89   My Friends it continues on and on. haricari 09/10/13 04:24:39 PM
#88   Well folks today we were had. If you haricari 09/09/13 05:28:38 PM
#87   Well folks, if we do not get some haricari 09/05/13 05:37:59 PM
#86   I agree with what you are saying but P_Dog 08/27/13 11:24:05 AM
#85   P Dog: haricari 08/27/13 10:44:24 AM
#84   There are so few people o this board P_Dog 08/27/13 10:08:46 AM
#83   And he is PROUD of it. haricari 08/26/13 10:37:18 AM
#82   Hey Folks: haricari 08/26/13 10:36:49 AM
#81   Oh where or where is our fearless chartman, haricari 08/22/13 03:19:44 PM
#80   Well Well look who is back, Mr Nitwit haricari 08/20/13 03:32:13 PM
#79   ~ $LLTI ~ Penny Roger$ 08/20/13 07:53:40 AM
#78   My Friend you can't PR anything if you haricari 08/13/13 11:23:48 AM
#77   True but why the sudden drop? Someone knows P_Dog 08/13/13 11:02:00 AM
#76   Have you seen anything that would make you haricari 08/13/13 10:22:55 AM
#75   Anyone know why the drop in the pps? P_Dog 08/12/13 10:48:22 PM
#74   It certainly looks like the stock is going haricari 08/12/13 04:30:44 PM
#73   254,000 is high volume here. What's happening? P_Dog 08/12/13 12:24:36 PM