Law Enforcement Associates Announces Filing of 2004 Form 10-KSB and Estimate for First Quarter 2005
/24-7PressRelease.com/ - YOUNGSVILLE, N.C., April 3, 2005 - Law Enforcement Associates Corporation (OTCBB: LENF), a surveillance and security technology company, reported today fiscal 2004 revenues of approximately $6.23 million as compared with revenues of approximately $6.12 million for fiscal 2003. While the Company had a net loss for the year of approximately $177,000 as compared to a net gain of approximately $203,000 for the same period last year, the loss was attributable to the issuances of common stock during fiscal year 2004. But for these issuances of stock, the Company would have had an operating profit of approximately $377,000.
In addition, the Company stated that it expects its revenues for the first quarter of 2005 to be approximately $2.5 million as opposed to revenues of approximately $1.3 million for the first quarter of 2004. The Company also has unshipped orders of over $950,000. These unshipped orders are not included in the estimated revenues.
"The issuance of the common stock prevented us from posting a strong profit in 2004," said Paul Feldman, President of Law Enforcement Associates. "We continue to show strong operating performance, increased revenues with no debt and consistent sales. As can be seen from our first quarter (2005) revenues, the integration of the AID product line has significantly generated increased revenues. With the anticipated sales of our newly developed Stun Pistol(TM) coupled with increased sales of our regular line of products, we believe that we will have a profitable year in 2005."
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. For more information on LEA, visit http://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. 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 http://www.HomelandDefenseStocks.com
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Dawn Van Zant, 866-735-3513
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SOURCE: 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. For more information on LEA, visit http://www.leacorp.com.
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