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VerifyMe Inc. (VRME)

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Last Post: 8/19/2015 4:22:23 PM - Followers: 15 - 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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News News Alert: Current Report Filing (8-k) 05/02/2016 04:37:03 PM
#245   LLTID changed to VRME: Renee 08/19/15 04:22:23 PM
#244   LaserLock Tech Inc. changed to VerifyMe Inc. and Renee 07/22/15 04:26:59 PM
#243   LLTI +40% now. Over 1000% since June and Garyst 07/16/15 03:58:41 PM
#242   $LLTI recent news/filings stocktrademan 07/16/15 12:54:58 PM
#241   Still here and holding my shares. LLTI is Garyst 07/16/15 11:24:12 AM
#240   Garyst you blowhard where art thou these days haricari 07/16/15 07:56:52 AM
#239   Green today again. Garyst 07/01/15 01:00:41 PM
#238   06 back on the ask now. Garyst 06/30/15 02:56:00 PM
#237   344k bidding now 04 Garyst 06/30/15 12:58:11 PM
#236   Quiet again today. Garyst 06/30/15 10:54:09 AM
#235   We managed Green. We'll take it! Garyst 06/29/15 09:55:29 PM
#234   Quiet day today. Garyst 06/29/15 03:56:03 PM
#233   Agree. Noone selling but on the flip Garyst 06/29/15 02:07:50 PM
#232   Volume is drying up, but PPS is holding deadboy 06/29/15 01:07:09 PM
#231   I hear ya. LLTI is still very Garyst 06/29/15 12:36:45 PM
#230   Reverse split is July 20. Let's drive this babybones14 06/29/15 11:50:25 AM
#229   LLTI 04 X 05 Garyst 06/29/15 09:47:20 AM
#228   LLTI gained about 70% on the week last Garyst 06/28/15 09:26:12 PM
#227   I gotcha. It certainly could be possible Garyst 06/26/15 03:58:12 PM
#226   Great but I'm talking well before the RS babybones14 06/26/15 03:38:50 PM
#225   With the split and todays price, that would Garyst 06/26/15 03:28:07 PM
#224   It will be way above that if they deadboy 06/26/15 02:58:32 PM
#223   I read somewhere that this is expected to babybones14 06/26/15 02:46:27 PM
#222   Light volume today but on the positive side Garyst 06/26/15 12:08:56 PM
#221   135k shares to 10 cents! Garyst 06/26/15 11:02:42 AM
#220   $0.040 is the key support. We stay above deadboy 06/26/15 10:40:05 AM
#219   041 X 045 now. Garyst 06/26/15 10:36:51 AM
#218   There we go, the ask slaps are back! deadboy 06/26/15 10:33:39 AM
#217   Consolidating nicely in the 04s before next run. deadboy 06/26/15 10:27:31 AM
#216   LLTI very thin to 10 cents here yet today. Garyst 06/26/15 10:20:20 AM
#215   Bid 0.046 / Ask 0.06 deadboy 06/26/15 09:46:48 AM
#214   So thin! Less than 80K to $0.10! deadboy 06/26/15 09:35:00 AM
#213   GM LLTI! Let's rock this thing today! :-) deadboy 06/26/15 08:51:03 AM
#212   Next 10Q should start to show revenue from deadboy 06/25/15 09:37:20 PM
#211   Agree and any buy at the Ask should Garyst 06/25/15 09:28:45 PM
#210   Sweet! Tomorrow should be good with VFIN putting deadboy 06/25/15 06:01:51 PM
#209   I tried in the last seconds and it Garyst 06/25/15 04:01:13 PM
#208   Anyone with dry powder to paint an uptick? deadboy 06/25/15 03:57:59 PM
#207   Agreed. VFIN with a hidden BID trying to deadboy 06/25/15 03:43:46 PM
#206   I believe this is getting ready to run mzasif 06/25/15 03:40:01 PM
#205   True. Usually it's on the Ask side Garyst 06/25/15 03:39:19 PM
#204   VFIN raised his bid to $0.0465. deadboy 06/25/15 03:36:04 PM
#203   That's VFIN at 0.045 on the bid!!! Usually deadboy 06/25/15 02:37:59 PM
#202   Bid back to 045 also Garyst 06/25/15 02:28:11 PM
#201   Whoa!! What's this?!? VFIN on the BID?!?!?!?! deadboy 06/25/15 02:21:30 PM
#200   042. Still very thin to 10 cents. Garyst 06/25/15 02:14:31 PM
#199   Who is the VP of Sales, Jennica Hawkins? babybones14 06/25/15 02:03:10 PM
#198   Nice. Garyst 06/25/15 12:43:35 PM
#197   Here's our office and storefront: deadboy 06/25/15 12:28:07 PM
#196   Still just 100k shares til 10 cents. Garyst 06/25/15 11:36:11 AM