Law Enforcement Associates Acquires ``Less Lethal'' Weapons Patents from one of the Founders of Tasertron.YOUNGSVILLE, N.C. -- Law Enforcement Associates Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : LENF LENF Living Earth Nigeria Foundation ), 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 Noun 1. electrical discharge - a discharge of electricity discharge - the sudden giving off of energy nerve impulse, nervous impulse, neural impulse, impulse - the electrical discharge that travels along a nerve fiber; "they demonstrated the transmission of Weapons (ESD (1) (Electronic Software Distribution) Distributing new software and upgrades via the network rather than individual installations on each machine. See ESL. ) 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 James "Jimmy" McNulty (born 13 February, 1985) is a defender for the Macclesfield Town United Football Club. In November 2006, McNulty broke his leg and was prevented from playing for several months. McNulty was born in Liverpool. , Jr., who was one of the founders of Tasertron. Commenting on the acquisitions, 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 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 EMD Electromechanical dissociation, see there ) 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 Noun 1. state senator - a member of a state senate senator - a member of a senate 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. 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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