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To: sommovigo who wrote (882)	4/5/2000 6:04:00 PM
From: StockDung	Read Replies (2) \| Respond to of 3392

Lets see how Taylor Stuart Financial (STATE STREET SECURITIES, INC Message 13148256 ) other company that they put on a strong buy rating is doing today; Saf T Lok sued by Winner Club over merger WASHINGTON, April 5 (Reuters) - The chief executive of Saf T Lok Inc. <LOCK.O> said on Wednesday the gunlock maker has been sued for more than $5 million by Winner Club, the company that produces popular steering wheel anti-theft locks, alleging it breached a binding merger agreement. A civil suit was filed last month in U.S. District Court in the Western District of Pennsylvania by privately held Winner Club LLC, Winner Holding LLC and their founder, James E. Winner, Jr., against Saf T Lok and its CEO, Franklin Brooks. Winner alleged, among other things, that it had a binding merger deal with the company, according to details of the suit in a Securities and Exchange Commission filing by Saf T Lok. Saf T Lok, located in West Palm Beach, Fla., said it plans to defend itself vigorously, and believes that recent documents "make plain that the company has incurred no legal obligation to Winner." Winner is suing Saf T Lok for breach of contract, fraud, negligent misrepresentation and breach of duty to negotiate in good faith, and seeks compensatory damages in excess of $75,000 for each charge. It is also seeking a permanent injunction preventing Saf T Lok from being acquired by another party, as well as punitive damages of at least $5 million. Saf T Lok said that the request for injunctive relief "would be strongly contrary to the public interest." There was no immediate comment from Winner, which is based in Sharon, Pa. Shares of Saf T Lok were down 4/16 to 2-11/16 in late afternoon Nasdaq trading. 17:12 04-05-00