LENF - 1.65 + .16 - getting into non-lethal business.
Law Enforcement Associates Retains Former Vice President of Engineering at Tasertron
Monday September 20, 10:08 am ET
YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Sept. 20, 2004--Law Enforcement Associates Corporation (OTCBB:LENF - News), a surveillance and security technology company, announced today that it has retained James McNulty, Sr. to an exclusive consulting agreement. Mr. McNulty was vice president for operations and engineering at Tasertron. While at Tasertron he invented the first less lethal anti-personnel land mines and sentinel systems that subdued combatants with electric shocks. Mr. McNulty is a member of the Institute of Electrical and Electronic Engineers and a Senior Member of the Society of Manufacturing Engineers. During his distinguished career, Mr.McNulty worked with Grumman Aircraft and Sperry Products designing radar systems and improvements to ultrasonic testing equipment. In addition, while at Lear Siegler, Mr. McNulty served as a program manager for several military R & D programs, including programs for design of the ignition inverters for the Polaris and Poseidon missile systems.
Commenting on the consulting agreement, Paul Feldman, President of LENF, stated, "We are very excited to be working with Mr. McNulty, an individual who brings over 30 years of experience in the electronics field. He will be instrumental in aiding Law Enforcement Associates in our efforts to market and manufacture Less Lethal, Electrical Discharge Weapons for which we have just acquired the patents." Mr. Feldman added, "In addition to his design duties, Jim McNulty will be responsible for designing and implementing our Law Enforcement training program for the use of our "Less Lethal" weapons."
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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Press Release Source: Law Enforcement Associates
Law Enforcement Associates Acquires ``Less Lethal'' Weapons Patents from one of the Founders of Tasertron
Wednesday September 15, 9:45 am ET
YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Sept. 15, 2004--Law Enforcement Associates Corporation (OTCBB: LENF - News), 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.
