SOURCE: Law Enforcement Associates

May 06, 2008 09:25 ET

Law Enforcement Associates Names Paul Briggs as Chief Financial Officer

RALEIGH, NC--(Marketwire - May 6, 2008) - Law Enforcement Associates Corporation (LEA) (AMEX: AID), the largest U.S. developer and manufacturer of undercover surveillance equipment, today announced that Paul Briggs has been appointed chief financial officer. He joined the company in January 2008 as controller.

Prior to joining LEA, Briggs served in a variety of financial management roles with both private businesses and public-company affiliates. From June 2003 to April 2007, he was employed by Ikex Inc. and Ikex LLC/Hanes Companies, leading suppliers of geotextiles and agricultural supplies. As a division controller, Briggs oversaw $175 in annual Ikex corporate budgets, prepared and consolidated financial statements in accordance with generally accepted accounting principals (GAAP), and developed the reporting and internal control systems prior to Ikex's acquisition by Fortune 500 company Leggett & Platt.

Briggs, 37, also previously served as operations manager of Jarco Supply, senior internal auditor of VF Corporation, and senior auditor with Arthur Andersen, LLP.

Paul Feldman, president of LEA, said, "Paul joined LEA with extensive expertise and practical experience in the audit and financial management processes. As our corporate controller, he already has helped us navigate a number of complex financial issues, and is currently spearheading an effort to streamline our reporting processes. He also is implementing a number of cost control programs that will work in conjunction with our overall plan for achieving consistent profitability."

Briggs is a certified public accountant and holds a master's degree in accounting from East Carolina University. He earned a bachelor's degree in accounting from the University of North Carolina - Greensboro, and served for four years in the United States Navy.

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