Contact Information: CONTACT: Pfeiffer High Investor Relations, Inc. Geoff High 303-393-7044
Law Enforcement Associates Names Paul Briggs as Chief Financial Officer
| Source: Law Enforcement Associates
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.