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Last Post: 7/23/2016 2:50:45 AM - Followers: 21 - 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.


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.

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%


Source: PR Newswire (January 10, 2006 - 10:00 AM EST)

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#264  Sticky Note VerifyMe, Inc. and Hewlett-Packard Indigo Sign MOU to dshade 05/26/16 11:14:31 AM
#340   Going to be a nice 'right side of stayfocused 07/23/16 02:50:42 AM
#339   Next news should change vol dshade 07/22/16 03:49:36 PM
#338   Patience has served me well here but never stayfocused 07/22/16 04:48:46 AM
#337   A nice burst there mid morning but it Garyst 07/21/16 10:12:33 PM
#336   Almost 'crazy volume'!! lol. This is painful! Lone Wolf 07/21/16 04:51:39 PM
#335   Nice volume and nice rise today. Garyst 07/21/16 12:48:21 PM
#334   True. Could be some of the selling. Garyst 07/08/16 02:58:36 PM
#333   Note holders need to move along I suppose. dshade 07/08/16 12:23:32 PM
#332   Sure is. Garyst 07/01/16 09:52:27 AM
#331   Crazy thing is that before the last piece Lone Wolf 07/01/16 06:41:07 AM
#330   Indeed. Crazy, Nutso, Insanely cheap. dshade 06/30/16 11:29:08 PM
#329   Hmmm, a few sellers today. Garyst 06/30/16 09:31:38 PM
#328   Agree on the news. One thing going for Garyst 06/30/16 10:25:52 AM
#327   Fidelity wont fill my limits but my Market corncakes0 06/30/16 10:24:17 AM
#326   That's odd that they will only do market Garyst 06/30/16 10:22:27 AM
#325   Yea I learned that the hard way lol corncakes0 06/30/16 10:20:41 AM
#324   That can be risky with limit orders on Garyst 06/30/16 10:18:03 AM
#323   Its so hard to add to this stock corncakes0 06/27/16 03:08:39 PM
#322   .12 nice entry dshade 06/27/16 12:21:06 PM
#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