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LOJACK CORP. ANNOUNCES DOMESTIC LICENSE AGREEMENT

 DEDHAM, Mass., Nov. 12 /PRNewswire/ -- LoJack Corp. (NASDAQ-NMS: LOJN) announced today that it has completed an agreement to license on a non-exclusive basis the sale of LoJack's proprietary stolen vehicle recovery system to Clifford Electronics, Inc., for sale under the Clifford name solely in the automotive retail aftermarket.
 In making the announcement, C. Michael Daley, president, stated that the agreement provides that Clifford will not sell to new car dealers, LoJack's primary source of distribution.
 Mr. Daley said, "Clifford Electronics is a premier company in the automotive electronics field with a proven track record in the automotive retail aftermarket. This agreement facilitates the distribution of our technology, which is far and away the leader in the field of stolen vehicle recovery products, through the retail aftermarket, where we have not concentrated our efforts in the past.
 "We view this arrangement with Clifford as being complementary to our existing sales efforts through new car dealers, which have increased over 30 percent in revenues thus far this fiscal year," he said.
 -0- 11/12/93
 /CONTACT: Joseph F. Abely, senior vice president, or David W. Manly, vice president - sales & marketing of LoJack, 617-326-4700; or John Swanson of Swanson Communications, Inc., 212-683-4890/
 (LOJN)


CO: LoJack Corp.; Clifford Electronics, Inc. ST: Massachusetts IN: AUT SU: LIC

WB-TW -- NY035 -- 3604 11/12/93 10:38 EST
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Publication:PR Newswire
Date:Nov 12, 1993
Words:221
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