CORRECTING and REPLACING Law Enforcement Associates Reports Strong Third Quarter Revenues.Business Editors CORRECTION...by Law Enforcement Associates YOUNGSVILLE, N.C.--(BUSINESS WIRE)--Nov. 19, 2003 In BW5604 issued Nov. 14, 2003: Headline of release (dated November 14, 2003) should read: Law Enforcement Associates Reports Strong Third Quarter Revenues (sted Law Enforcement Associates Reports Strong Third Quarter Earnings). The corrected release reads: LAW ENFORCEMENT ASSOCIATES REPORTS STRONG THIRD QUARTER REVENUES Company Receives GSA (1) (Global mobile Suppliers Association, Sawbridgeworth, U.K., www.gsacom.com) A membership organization of suppliers of GSM products and services. Its goal is to promote GSM as the worldwide mobile communications standard. See GSM Association and GSM. Renewal and Introduces New Explosives Detection Product During Quarter Law Enforcement Associates Corporation (LENF LENF Living Earth Nigeria Foundation .OB), a surveillance and security technology company, today reported revenues of $1.402 million for the third quarter of 2003 compared with revenues of $1.165 million for the third quarter of 2002. The company reported revenues of $3.954 million for the nine months ending September 30, 2003, compared with revenues of $4.717 million during the same period last year. During the third quarter, the company announced a $920,000 order from the U.S. Marshals Service The U.S. Marshals Service, a division of the Justice Department, is the oldest federal law enforcement agency, having served as a link between the executive and judicial branches of the government since 1789. The president appoints U.S. marshals for terms of four years. . Revenues for this contract were not recognized during the third quarter and will therefore be recognized in the fourth quarter and included in the company's fourth quarter report. Law Enforcement Associates also recently announced it was awarded a five-year extension of its General Services Administration The General Services Administration (GSA) was established by section 101 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C.A. § 751). The GSA sets policy for and manages government property and records. contract as an authorized provider of security products for the federal government. This contract renewal is significant because it allows federal agencies to continue to directly acquire the company's surveillance and security products without going through exhaustive competitive pricing procedures. GSA schedules are key acquisition vehicles for federal government agencies; allowing over one million federal workers to seamlessly acquire products and services through commercial suppliers. In addition, the company recently launched its new EDK EDK Embedded Development Kit EDK Emotiv Development Kit EDK European Death Knot (rock climbing) EDK Effective Date of Key (cryptography) EDK External Drift Kriging EDK Electric Dynamic Katathermometer 123 explosives detection kit, the first of a series of cost-effective detection and prevention products that the company will make available to law enforcement personnel as well as the general public. EDK123 is a fast, reliable field test for detection of trace nitrates that are found in over 85 percent of all explosives. The explosive detection Explosive detection is a non-destructive inspection process to determine whether a container contains explosive material. Explosive detection is commonly used at airports, ports and for border control. kit provides a first line of defense in determining the presence of trace nitrate-based explosive residues such as TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. , dynamite, Sentex, RDX RDX Cyclotrimethylenetrinitramine (CAS Number 121-82-4) Rdx Radixin RDX Russian Depositary Index RDX Research and Development Explosive (less common) RDX Hexahydro-Trinitro-Triazine and ammonium nitrates. Developed in conjunction with Sirchie(R) Finger Print Laboratories, the world's leading manufacturer of forensic investigation equipment, EDK123 is a simple test that can be deployed without any specialized training and produces results in seconds. "Over the last six months, we have worked to leverage our expertise within the surveillance and security industries," said Paul Feldman Paul Feldman is the "bagel man" who started his own business selling bagels instead of pursuing his old occupation at the Center for Naval Analyses as mentioned in "Freakonomics" by Levitt and Dubner. , president of Law Enforcement Associates. "As part of this effort, we have introduced a series of enhanced product offerings for both current customers and new customers across North America and around the world. Market feedback has been positive and we are encouraged with the progress we have made building new customer relationships during the second and third quarters of this year." About Law Enforcement Associates Corporation: Law Enforcement Associates Corporation (LENF.OB) is headquartered in Youngsville, N.C. with additional offices in North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. and Washington, D.C. The firm, whose products have been used to enhance security at major events such as the Olympics and the Super Bowl, manufactures and markets a diverse line of undercover surveillance products including a complete line of audio surveillance equipment. Law Enforcement Associates Corporation assists in the country's homeland defense efforts through its Under Vehicle Inspection System (UVIS UVIS Ultraviolet Imaging Spectrograph UVIS Under Vehicle Inspection System UVIS Universal Veterinary Information System UVIS Utrechtse Vereniging Informatica Studenten UVIS Ultraviolet-Visible-Infrared Spectrophotometer UVIS United Valley Insurance Services ), one of the company's leading products, with over 800 installations worldwide, including United Nations and NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. . The UVIS has recently received CE certification for European markets. The UVIS is used to view the underside of vehicles entering and exiting secure areas or facilities for explosive devices and other contraband. The company 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. Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sale, or the lack of acceptance of the company's products by its customers. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized. |
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