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Law Enforcement Associates: Law Enforcement Associates Increases Mid-Year Revenue Forecast to $8.5 Million; Revised Estimate Re

^{Published on 2009-07-13 05:21:58, Last Modified on 2009-07-13 05:22:06 - Market Wire}
 

RALEIGH, NC--(Marketwire - July 13, 2009) - Law Enforcement Associates Corporation (LEA) (OTCBB: [ LAWE ]), the largest U.S.-based developer and manufacturer of electronic surveillance equipment, today revised its revenue forecast for the six-month period ended June 30, 2009, to approximately $8.5 million from a prior estimate of just over $8 million. The revised figure would represent a revenue increase of roughly $4.7 million, or 124%, versus last year's six-month revenue figure of $3.8 million. LEA also projected strong profitability for the 2009 six-month period.

"Order and shipping volume during our second quarter were exceptional," said Paul Feldman, president. "Our strong second quarter and mid-year results will lead to a marked improvement in our balance sheet and will clearly illustrate the growing financial strength of the Company."

Feldman added, "Stimulus funding from the American Recovery and Reinvestment Act is now flowing into the budgets of our customers. We are taking aggressive steps to address the pent up demand for security and surveillance equipment that has been grossly underfunded for several years. We are optimistic that our sales efforts and product development programs will allow us to deliver continued strong financial results during the balance of fiscal 2009 and beyond."

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. 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), 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. For more information, please visit [ www.leacorp.com ].

Forward-Looking Information:

The matters discussed in this news release include forward-looking statements, including statements regarding anticipated mid-year revenue, profitability and improved balance sheet and financial strength, as well as our ability to deliver continued strong financial results during the balance of fiscal 2009 and beyond. 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.