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VerifyMe Inc. (VRME)

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Last Post: 4/16/2019 4:14:40 PM - Followers: 20 - 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 (http://www.exaqtworld.com) in the established Electronic Article Surveillance (EAS) anti-shoplifting business and LaserLock (http://www.laserlocktech.com) 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 www.quotemedia.com
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#430   VerifyMe Signs First European License Agreement subslover 04/16/19 04:14:40 PM
#429   An additional 2 million shares? Davidjay 04/04/19 07:46:14 PM
#428   VerifyMe Appoints Eugene Robin of Cove Street Capital Quintessence 03/07/19 02:57:34 PM
#427   They are mentioned in the recent 8-K Quintessence 03/04/19 05:08:35 PM
#426   Notice he doesn't list the names of the Machine371 03/04/19 05:03:36 PM
#425   VerifyMe, Inc. CEO, Patrick White Provides 2019 Corporate Quintessence 03/04/19 12:13:51 PM
#424   still following. decent news today dshade 08/28/18 11:29:13 AM
#423   I was expecting the news to really move this. Col317 07/17/18 01:57:28 PM
#422   naw, just a crazy spread dshade 07/17/18 01:53:40 PM
#421   Is this frozen? Col317 07/17/18 11:06:36 AM
#420   Check out 13D filings shanak10 05/11/18 04:31:38 PM
#419   Following through with what they said they would TheMonolith 03/21/18 02:58:45 PM
#418   VerifyMe Signs Technology Licensing Agreement with a Leading robinhood7 03/08/18 07:07:45 AM
#417   Adding Verifyme ($0.25) to Watch List. Roland Rick Perry 02/28/18 12:27:21 PM
#416   When does hp product launch? Supreme court ruling masterblaster666 02/20/18 10:20:16 AM
#415   Berg Will be following on Internet and Blockchain Stock Roland Rick Perry 02/18/18 05:50:06 PM
#414   CARL BERG owns 15%! HUGE NEWS! robinhood7 02/16/18 08:52:24 PM
#413   This is a true Blockchain. Davidjay 02/16/18 08:40:53 PM
#412   How is no one on this?? Deal with robinhood7 01/19/18 07:36:11 AM
#411   been a few years. below radar climb going EOY dshade 12/29/17 06:30:27 PM
#410   Keepin an eye on this one. corncakes0 06/18/17 12:36:24 PM
#409   What happened here? LenaTrade 06/03/17 01:33:26 PM
#408   Verified social media profile patent approved. 3 other masterblaster666 10/30/16 08:42:07 PM
#407   Nice again! Garyst 09/28/16 09:18:42 PM
#406   Nice bounce today. Garyst 09/19/16 04:00:25 PM
#405   Highest VRME level of the run. Garyst 09/16/16 03:08:27 PM
#404   And more today! Garyst 09/02/16 11:29:00 PM
#403   And again :) Garyst 09/01/16 09:29:52 PM
#402   Nice bump again. dshade 08/31/16 05:10:08 PM
#401   Yes. What a nice move since the levels Garyst 08/30/16 12:15:49 PM
#400   better burst early morning/afternoon too. dshade 08/30/16 12:11:42 PM
#399   Nice burst of volume late day today. Garyst 08/29/16 11:22:22 PM
#398   Not much to worry about with that 212 Garyst 08/25/16 01:35:31 PM
#397   funny 212 bid tap shorty. lol dshade 08/25/16 12:39:08 PM
#396   silence i see masterblaster666 08/25/16 11:09:13 AM
#395   intersections a credit monitaring service hp and mozido masterblaster666 08/24/16 12:44:33 PM
#394   mozido was mention in annual report and they masterblaster666 08/24/16 12:42:33 PM
#393   Anything prior is useless, old outdated, info. dshade 08/24/16 12:33:38 PM
#392   Post June is when this all begins and dshade 08/24/16 12:32:56 PM
#391   VerifyMe has begun showcasing Security-ElectroInk as a vendor dshade 08/24/16 12:32:18 PM
#390   Only deal that matters is w/ HP. Still dshade 08/24/16 12:30:43 PM
#389   all those fake signed deals smell and the masterblaster666 08/24/16 12:26:10 PM
#388   nothing smells funny. totally different company now. dshade 08/24/16 11:35:56 AM
#387   how many shorts are there? i read otc masterblaster666 08/23/16 09:38:19 PM
#386   major financial institution deal 2014.what ever happened with masterblaster666 08/23/16 09:34:13 PM
#385   perhaps dshade 08/23/16 01:50:45 PM
#384   VRME bullish 0.2300 stocktrademan 08/23/16 09:40:04 AM
#383   Not bad at all. Garyst 08/22/16 10:24:11 PM
#382   Earrings .06 (.24) per share. We know most dshade 08/22/16 04:06:32 PM
#381   Understood. I still am holding. Garyst 08/21/16 10:30:18 PM