LOCK<---continues its pumporamma campain and recruits and solicits more Firms to cover them in exchange for share and or stock benefits...This report BY woodward..has a 12-15dollar target ....Not quite as agreesive as State Street but still a triple from current levels...
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PRN WOODWARD TRADING COMPANY INITIATES COVERAGE OF SAF T LOK INC. WI
May 27 1998 6:54
h a
Strong Buy, School Tragedies Continue...
ATLANTA, May 27 /PRNewswire/ -- Woodward Trading Company has initiated
coverage of Saf T Lok Inc. (Nasdaq: LOCK) with a STRONG BUY recommendation,
placing a short-term target of $12.00 to $15.00 per share and a 12 month
target of $30.00 per share. A changing political environment and expanding
fundamentals, make shares of Saf T Lok Inc. timely and very attractive for
aggressive investors.
School tragedies continue...recently America has witnessed several school
shootings in Jonesboro, Ark., Paducah, Ky., Edinboro, Ill., Pearl, Miss., and
last week in Springfield, Oregon. In Springfield, a 15-year old, who had been
expelled the day before for carrying a gun, walked into the cafeteria and
opened up fire on the students and faculty. Last year, more than 6,000
students were expelled for bringing guns to school.
Events like these have spurred a rash of gun-control and child-safety lock
bills in Congress, as well as, state and city governments. On May 18, New
York City finalized Initiative 69, requiring all handguns sold to come
equipped with child safety locks. Likewise, New Jersey State Senator C. Louis
Bassano, a member of the National Rifle Association, announced the
introduction of similar legislation. Expect this trend to continue and expand across the nation.
In past years, gun control legislation has met strong opposition from
Second Amendment advocates like the National Rifle Association and Gun Owners
of America. Organizations lobbying for "gun control" like Handgun Control
Inc., lead by Sarah Brady, and representative Carolyn McCarthy (NY-04) have
fallen short in their attempts, because of a simple flaw in their approach.
They have pushed for low cost, trigger locks as a possible solution. Most
trigger locks are cumbersome and bulky, require a key, and can only be applie
when the gun is unloaded. Research has found that nearly 40% of all handguns
are kept loaded and unlocked. Understandably, gun owners want instant access
to their weapons. Note the grid-lock. If given another option, there may be
room for compromise.
Saf T Lok is positioned to bridge this gap between the right and the left
Saf T Lok has developed what may eventually be the standard in child safety
locks. Next generation firearms will be "personalized," meaning that only th
authorized gun owner can activate the weapon. Unlike their competition, Saf
Lok uses this technology and incorporates the lock into the gun, either in th
grip or magazine, making it an "INTEGRATED" gun lock. As recent events prove
boot-style trigger locks, do not save lives. However, since the "safety-lock
is already "integrated" into the gun, it stands to reason that it will be
used, thus saving lives. Saf T Lok has the most practical, "constitutional
friendly" lock on the market. In a related incident in Tampa last week, two veteran police detectives
and a Florida Highway Patrolman were murdered. The suspect slipped out of hi
handcuffs, grabbed the detective's 9mm Glock and shot him in the head.
Thereafter, the suspect shot the other detective and later killed a trooper
who tried to stop him. On average, 1 in 6 police officers are shot with his
or her own gun. Had these guns been equipped with the Saf T Lok "integrated
gun lock" these men would still be alive today. Saf T Lok distributes
directly to law enforcement and has recently begun shipping their Glock
magazine locks which are very popular with the officers because of their ligh
weight.
Currently, Tobacco companies are in the "hot seat." However, given recen
events, gun manufacturers may come under similar fire with product-liability
lawsuits, if they do not establish an acceptable standard soon. What might
have been acceptable last year for gun manufacturers (to provide cheap trigge
locks with guns sold), may prove to be very expensive in the future. As of
April 20, Beretta USA Corp. faces a monumental product-liability lawsuit in
California from a man whose son was accidentally killed. Experts say the cas
would set an important precedent if the gun maker loses. The suit is
scheduled to go to court in June. Now individual states are adding up their
costs associated with firearm-related injuries and fatalities. The estimated
cost of firearm injuries in pain, suffering and lost quality of life is over
$75 billion each year. The estimated cost of direct healthcare expenditures
for firearm-related injuries in the U.S. in 1995 was $4 billion. Firearms will surpass cars as the number one cause of injury-related death in the U.S.
by the year 2003.
Internet stocks such as Yahoo (Nasdaq: YHOO), Infoseek (Nasdaq: SEEK), and
Lycos (Nasdaq: LCOS) with large Internet exposure, have surged in recent
months. Shares of smaller companies marketing on the Internet, like K-tel
(Nasdaq: KTEL) and Market Guide (Nasdaq: MARG) exploded overnight based on
future Internet business. The Internet is a powerful tool. The Internet
represents an unlimited upside potential for Saf T Lok in sales and exposure.
According to statistics, there are over 222 million firearms in the U.S. of
which over 76 million are handguns. Licensed firearm dealers in the U.S. sell
an estimated 7.5 million guns every year. A new handgun is produced every 20
seconds. With a worldwide gun count at over a billion, Saf T Lok
(www.saf-t-lok.com) will use the web to link, distribute, and retrofit
existing firearms throughout the world. Easy access and all the convenience
of the Internet, will enable Saf T Lok to penetrate additional markets.
With their announcement last week of better than expected earnings and
next quarter prospects looking more favorable, it seems that this is a company
whose time and product has come. Saf T Lok may have as much monopolistic
potential as Microsoft (Nasdaq: MSFT) did when it first started out. "Build a
monopoly, and the share price will follow," stated Craig H. Woodward of
Woodward Trading Company. Adding, "The lack of companies making 'integrated
gun locks,' may give Saf T Lok a decisive edge in the next generation firearm market which is fast approaching."
References: Textbook of Penetrating Injury, Journal of the American
Medical Association, National Center for Health Statistics, San Francisco
Chronicle, Bureau of Alcohol, Tobacco, and Firearms, and Join Together Online.
SOURCE Woodward Trading Company
-0- 05/27/98
/CONTACT: Craig H. Woodward, Woodward Trading Company, 404-303-9773/
/Web site: saf-t-lok.com |
