LifeLoc Technologies Inc (LCTC)

[pdicamillo1]

10% growth in Lifeloc's alcohol business should put them at record revenues for the year and total revenue of over $10 million. It would be disappointing not to see them achieve this by the end of the year.

Wayne specifically mentioned "Performance enhancing drugs, food safety, human diagnostics are all additional sectors of the market that could be addressed" and stated that the market potential beyond drug testing is enormous. I have to look back into who Sandia has licensed the SpinDx technology in addition to Lifeloc and for what purposes.

Wayne seemed to have a firm grasp on competitors in the industry. He did mention that the current Draeger device is the closest competitive device on the market. I agree and think it would be great to see some type of collaboration with the big boys in this industry.

There was talk about an equity investment in the $5-$10 range and management seemed to at least be open to that idea. A current investor really wanted to get involved to help "speed things up" with an investment from a group he seemed to be well connected with. I have no idea if that ever leads to anything tangible but it certainly sounded like there are other interested parties looking to make a sizeable investment now that they know the SpinDx technology has proven itself. Obviously market acceptance is an unknown but Wayne assured everyone at the meeting that there is no longer any research that needs to be discovered but they still need molds and design finalization.

That's a win as far as I'm concerned!