NewswireToday - /newswire/ -
Youngsville, NC, United States, 2005/07/06 - Law Enforcement Associates Corp. (OTCBB: LENF), a surveillance and security technology company, reported today that revenues for the first and second quarter of 2005 are approximately $4.5M as opposed to revenues of approximately $2.6M in 2004..
The Company also has unshipped orders of over $1.8 million. These unshipped orders are not included in the estimated revenues.
Paul Feldman President stated "Law Enforcement Associates is continuing to have very good sales and we expect to have a strong third quarter. We believe that we will have a profitable year in 2005. We have been receiving a lot of emails about our declining stock price. Quite frankly, given our increased sales and revenues, we are at a loss as to why our stock price has been declining. All we can do is to continue our commitment to expanding our business and stay focused on building a profitable company. With that effort, we believe that our currently undervalued stock will rebound to previous levels.'
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. 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.
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.
Source: Law Enforcement Associates Corporation