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Thursday, 01/05/2017 10:40:04 AM

Thursday, January 05, 2017 10:40:04 AM

Post# of 1702
Lifeloc Has it "Locked Up...!" Here's why.... They already have an average of $9 Million Dollars a year in sales in the breathalyzer/drug testing market. When their marijuana breathalyzer hits the market, it will be an easy sale to their existing customers - including police forces, industrial work places, corrections, etc... They expect to sell their marijuana breathalyzer at a much higher cost than their alcohol breathalyzers - between $2500 and $3500 a piece.

Lifeloc is not a "one trick pony," they have many other revenue streams, including drug screening products, alcohol and drug training - including Department of Transportation approved testing.

The company is considered a micro cap, with only a $27 Million Dollar Market Cap. With only 2.5 millio shares outstanding - 90% of those shares are held by the Chairmen, president, VP, and about 3 Directors. This leaves only a few hundred thousand shares in the float. This is a profitable company that has been manufacturing and selling it's breathalyzers for years - in contrast with other companies in the race for a marijuana breathalyzer that have no revenues at all, yet much higher Market Caps.

This is an American company based in Colorado that has been in business for years. They received a grant from Colorado several years ago to develop a marijuana breathalyzer. They have been working on it since then, and last year, their new CEO planned on ramping up it's marijuana breathalyzer, which is expected some time this spring/summer.

Just my 2 cents...

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