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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (52465)	3/5/2000 9:47:00 AM
From: Anthony@Pacific	Read Replies (1) \| Respond to of 122087

LOCK<--------damn ...when it rains it pours.....!!! BUS BERNSTEIN LIEBHARD & LIFSHITZ COMMENCES CLASS ACTION ON BEHALF Aug 27 1998 15:04 Of Purchasers Of Saf T Lok Inc. Common Stock Business Editors/Legal Writers NEW YORK--(BUSINESS WIRE)--Aug. 27, 1998--Bernstein Liebhard & Lifshitz announed a securities class action lawsuit has been commenced on behalf of purchasers of the common stock of Saf T Lok Inc. (NASDAQ: LOCK)("SAF T Lok" or the "Company"), between May 26, 1998 and June 11, 1998, inclusive (the "Class Period"), in the United States District Court for the Southern District of Florida. The lawsuit alleges violations of the federal securities laws and names as defendants the Company and certain of its officers and directors. The complaint charges Saf T Lok and certain of its officers and directors with violations of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that the defendants made material misrepresentations in the company's public statements and public filings regarding the company's financial prospects and the state of its new product development, particularly its new product development agreement with Semiconductor Laser International Corp. ("SLIC") On June 11, 1998, defendants stunned the investment community by revealing in a company press release that the Company had terminated its president and chief executive officer, John L. Gardner and that it had cancelled its development agreement with SLIC. According to a Dow Jones news story the Company also announced that Gardner had exceeded the authority granted him by the Board of Directors in entering into the development agreement with SLIC. In response, Saf T Lok's stock price plunged from $5-1/16 per share on June 10, 1998 to as low as $2-1/4 per share on June 12, 1998. Plaintiff seeks to recover damages on behalf of all purchasers of Saf T Lok common stock during the Class Period. If you purchased Saf T Lok stock during the Class Period, and either lost money on the transaction or still hold the stock, you may wish to join in the action to serve as lead plaintiff. In order to do so, you must meet certain requirements set forth in the applicable law and file appropriate papers within 60 days of the publication of this notice. This early notice to class members is being made pursuant to applicable law. Plaintiff has selected Bernstein Liebhard & Lifshitz as one of the law firms to represent the class. The attorneys at Bernstein Liebhard & Lifshitz have extensive experience in securities class action cases, and have played lead roles in major cases over the past several years which have resulted in recoveries of millions of dollars to investors. The attorneys at Bernstein Liebhard & Lifshitz have been recognized by courts for the high quality of their legal representation of defrauded investors. The firm also has extensive experience in corporate and shareholder litigation, consumer protection and other areas of complex litigation. If you would like to discuss this action or if you have any questions concerning this notice or your rights as a potential class member or lead plaintiff, you may contact Sandy A. Liebhard Esq., or Michael S. Egan Esq., at Bernstein Liebhard & Lifshitz, 800/217-1522 or 212/779-1414 or by e-mail at Bernlieb@aol.com. --30--KMK/ph* CONTACT: Bernstein Liebhard & Lifshitz Sandy A. Liebhard Esq., or Michael S. Egan Esq. 800/217-1522 or 212/779-1414 e-mail: Bernlieb@aol.com