It's no shock that the defense industry is big news, but this story shows you just how profitable it can be. It also goes to show inventors that if you don't have enough stock made yet, don't hesetate to sell, sell, sell world-wide anyway. This company has 2.3 million dollars ahead in sales without being able to deliver as of yet. They had better make good on the contracts of course, in order to ensure repeat business. A very news release from Law Enforcement Associates Corporation (OTCBB: LENF)
The Lone Inventor
Law Enforcement Associates Receives Contract for Under-Vehicle Surveillance Systems Valued at $222,467.75 Orders for the First 12 Days of 2005 Total Over $1,000,000
Youngsville, NC (PRWEB) January 14, 2005 -- Law Enforcement Associates Corporation (OTCBB: LENF), a surveillance and security technology company, today announced that it has received orders for its Under Vehicle Surveillance Systems totaling $222,467.75. The units purchased will be installed in key areas within the Kingdom of Saudi Arabia. The total orders placed with LEA since January 1, 2005 total $1,093,788.90. Law Enforcement Associates has a backlog of $2,306,990.70 in unshipped orders as of January 12, 2005.
Paul Feldman, President of Law Enforcement Associates commented, " As I have said on numerous occasions, most recently Tuesday on CNBC's, Kudlow and Cramer- we are a very real company- we have real products, real sales and real revenues- without selling a single stun pistol." Mr. Feldman added, "We are on track to unveil our new weapon in March 2005.
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 and Homeland Security Products. 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. LEA has a history of enhancing security at major events including the Summer Olympics, Democratic National Convention, Super Bowl, Winter Olympic Games and Centennial First Flight Celebration. The company's technology is also used as a prevention and detection solution at military bases, nuclear facilities, embassies, government installations, oil refineries, and United Nations and NATO locations throughout the world. The company recently sent additional UVI units to Iraq to secure checkpoints, military and governmental locations and key public facilities in Iraq.
Forward-Looking Information:
The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act 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.
Law Enforcement Associates Corporation is a Featured Company on www.HomelandDefenseStocks.com
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Source: Law Enforcement Associates Corporation