LifeLoc Technologies Inc (LCTC)

[Energy Manager]

I would assume the outstanding shares increased by the amount Edco purchased in the private placement.

An important thing to look at here, is that Edco has a vested interest in Lifeloc, and they felt confident enough to purchase more shares, not at a discount, but at $3.80 a share, which was the closing price yesterday. This is much better than issuing shares to a firm at a discount. The line of credit is also a great move - should management need some short term cash for marketing, distribution, etc., they can always tap that, instead of further diluting shareholder value.

Hopefully the new board member can provide an influx of new energy, into the social media, Press Releases, and marketing that this company needs so much.