SOURCE: Law Enforcement Associates

January 03, 2008 12:51 ET

Law Enforcement Associates' 12-Month Sales of New GPS Surveillance Product Exceeded $1 Million; Recent Order Activity Gives Company Early Momentum in 2008

YOUNGSVILLE, NC--(Marketwire - January 3, 2008) - Law Enforcement Associates Corporation (LEA) (AMEX: AID), the largest U.S. developer and manufacturer of undercover surveillance equipment, today announced it sold approximately 135 of its Birddog™ GPS tracking systems subsequent to the product's introduction in the first quarter of 2007. Total value of Birddog orders within the last 12 months was more than $1 million.

LEA also said it has experienced a recent surge of orders for various products that should ship in the first quarter of 2008. Recent sales activity includes an order for 35 newly designed covert surveillance devices being purchased by the intelligence unit of a major city in the northeastern United States. In recent days, LEA also has received more than $150,000 in orders for various surveillance products from several police departments in California.

"Revenue from our Birddog systems will likely amount to more than 10 percent of total sales during fiscal 2007," said Paul Feldman, president. "Our early success with the Birddog reflects the ingenuity of our product development team and the efforts of our sales staff to quickly penetrate our target markets. The Birddog is one of several products we have introduced during the past year, and we are very encouraged by the level of interest we are seeing for these new security and surveillance devices. Given our strong product portfolio and our fast start to the first quarter, we are optimistic about our prospects for improved financial performance during fiscal 2008."

About the Birddog

The Birddog was originally released by AID in the 1970s as a radio frequency (RF)-enabled tracking system. The Birddog ultimately became the most widely used covert tracking device by local and federal law enforcement agencies. LEA re-launched the Birddog in the first quarter of 2007, when the company introduced an all-new tracking device based on advanced GPS technology.

About Law Enforcement Associates Corporation

LEA is a leading security and surveillance technology company that manufactures and markets a diverse product line to the worldwide law enforcement, military, security and corrections markets. The company's Audio Intelligence Devices (AID) division has been serving the law enforcement sector for more than 30 years and is one of the most respected names in the surveillance equipment industry. LEA's products are used by a wide variety of government and non-governmental agencies, as well as public and private companies. These include military bases, nuclear facilities, embassies, government installations, oil refineries, United Nations and NATO locations. The company enjoys close working relationships with other prominent players in the security and surveillance industry, such as Smith & Wesson (NASDAQ: SWHC), one of the world's largest manufacturers of quality firearms and firearm safety/security products; and FLIR Systems, Inc., a world leader in the design, manufacture and marketing of thermal imaging and stabilized camera systems. LEA's products have been used at high-profile events such as the Summer & Winter Olympics, Super Bowl, U.S. Golf Championship, and the Democratic and Republican National Conventions. Its products include the Under Vehicle Inspection System (UVIS), Smith & Wesson-branded UVIS Swift, EDK123 (Explosive Detection Kit), Bloodhound and Birddog GPS Tracking Systems, Graffiti Cam, Letter-bomb Visualizer Spray, and a wide variety of Audio & Video Surveillance Equipment. Headquartered in Youngsville, N.C., the company has been featured in many industry publications and websites. For more information, please 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 of 1995. Statements that use words such as "believe," "anticipate," "estimate," "intend," "could," "plan," "expect," "project," "predict," "forecast," "outlook," "potential," "continue," "may," "future," "can," "enhance," and "should," or the negative of these, as well as similar expressions, can be used to identify forward-looking statements. Such forward-looking statements involve certain risks, assumptions and uncertainties, including the inability to generate and secure the necessary product sales, 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.

Contact Information

  • CONTACT:
    Pfeiffer High Investor Relations, Inc.
    Geoff High
    303-393-7044