LENF - 1.27/1.30 PR out this AM.
YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Sept. 15, 2004--Law Enforcement Associates
Corporation (OTCBB: LENF), a surveillance and security technology company,
announced today the acquisition of patents which will allow Law Enforcement
Associates to market and manufacture Less Lethal, Electrical Discharge Weapons
(ESD) to the Law Enforcement and Corrections Market. In exchange for the
patents, the Company agreed to issue to the holders of the patents a total
of 1,500,000 shares of the Company's restricted common stock. The patents were
purchased in part from James McNulty, Jr., who was one of the founders of
Tasertron.
Commenting on the acquisitions, Paul Feldman, President of LENF, stated, "We are
very excited to enter this market. We have acquired these patents from
individuals who have many years of experience of designing and manufacturing
less lethal, Electro-muscular Disruption (EMD) electrical discharge weapons. We
are currently assembling a team of designers, engineers, trainers and marketing
staff to quickly introduce our weapons to our current customer database of over
34,000 Law Enforcement and Corrections officers." Director and State
Senator Tony Rand added, " Law Enforcement Associates has a long history
of providing quality equipment to Law Enforcement, Military and corrections both
domestically and internationally. These acquisitions should expand our ability
to service our clients."
Zachary Landry of Arabella Securities advised Law Enforcement Associates on this
transaction. Arabella Securities provides equity research, sales and trading
services to institutions, as well as advisory and investment banking services to
corporate clients. www.ArabellaSecurities.com .
About Law Enforcement Associates Corporation
Law Enforcement Associates, Inc. (LENF.OB), headquartered in Youngsville, N.C.,
manufactures and markets a diverse line of undercover surveillance products
including a complete line of audio surveillance equipment. LEA currently markets
to the Military, law enforcement, security and corrections personnel throughout
the world, as well as governmental agencies, multinational corporations
and non-governmental organizations. For more information on LEA,
visit www.leacorp.com.
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