LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

I came across some interesting information yesterday:

In 2021 LMG Holdings merged with and bought out SCRAM systems for a purchase price of $155 Million:

Alcohol Monitoring Systems, Inc. dba SCRAM Systems®, a leading provider of electronic monitoring and software solutions for the criminal justice industry merged with LMG Holdings, Inc., a leading provider of ignition interlock devices including the LifeSafer® Monitech®, QuickStart Ignition Interlock®, and Guardian Interlock® brands in the year 2021.

Through this merger, the combined company offers a full spectrum of alcohol-related and other monitoring solutions and services to court systems, law enforcement, community supervision programs, treatment facilities, and other partners in North America and internationally.

The joining of SCRAM Systems and LMG brings the most complete set of offender monitoring technologies that includes ignition interlock devices, continuous transdermal alcohol monitoring, remote breath/portable alcohol monitoring, GPS, standalone RF/house arrest technology, web-based reporting and communications tools, software solutions, and ISO-certified monitoring services and support.

Sounds a lot like what Lifeloc’s RADAR device was supposed to accomplish. $155 million is a really nice purchase price and shows me that buyers are out there for this type of technology.

I still believe that a proper management team at Lifeloc could have really made some magic happen. Just seems like the same old with the current management. For the love of Lifeloc - can we see some results please!