PRZOOM - /newswire/ -
Youngsville, NC, United States, 2005/05/03 - Law Enforcement Associates Corporation reported first quarter 2005 revenues of approximately $2.6 million as compared with revenues of approximately $1.3 million for the first quarter of 2004, an increase of approximately 100%..
Law Enforcement Associates Announces Filing of Its 2005 First Quarter Form 10-QSB and the Doubling of Its Revenues for the First Quarter of 2005
Law Enforcement Associates Corporation (OTCBB: LENF), a surveillance and security technology company, reported first quarter 2005 revenues of approximately $2.6 million as compared with revenues of approximately $1.3 million for the first quarter of 2004, an increase of approximately 100%. The Company also reported a net income for the quarter of approximately $140,000 as compared to approximately $290,000 for the same quarter in 2004. During the quarter, the Company expensed the issuance of approximately $370,000 in common stock, and but for this expense, would have had a profit of approximately $792,000, an increase of approximately $220,000 (77%) over the same quarter last year.
"We are pleased with our performance in the first quarter and our $792,000 operating profit." said Paul Feldman, President of Law Enforcement Associates. "This confirms our position that we continue to show strong operating performance, increased revenues and consistent sales. We expect this trend to continue in 2005, especially with the introduction into the market of our Stun Gun™ and the new markets which we are exploring for our products."
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.
Law Enforcement Associates Corporation is a Featured Company on HomelandDefenseStocks.com
SOURCE: Law Enforcement Associates Corporation