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To: GARY P GROBBEL who wrote (86975)	7/14/2009 12:33:22 PM
From: GARY P GROBBEL	1 Recommendation Read Replies (2) \| Respond to of 120404

LAWE.OB...1st qtr $1.7m and loss of $97k. We know from this PR-below--that LAWE raised their projections for the first half by an add'l $500k to $8.5m. It is also my best guess that these 2nd qtr numbers are not a one time fluke. The $4B from the Recovery Act that is targeted to law enforcement and the agencies and dept's that buy from LAWE are just now receiving their funds. Spending in this area has been in a trough but no more. And the NATIA conf going on today is the most important for LAWE for the whole year and they customarily book a LOT of business here. I have spoken to them while they are at the conf and things are going......very well. The ramp up in revenues will continue I believe at least for the next 2 years....giving the stock price an opportunity to break a buck by time 3rd qtr numbers come out. Beyond that I see no reason now for the price to back off any and given the trends now developing we could go to 1.50 by year's end. That's a nice piece of change for less than 6mo if I am right. I would buy this aggressively for now and then see what the 2nd qtr brings...they are stating they expect 'strong profitability' for the 2nd qtr...that too should continue as rev keeps growing and margins get fatter on volume...so I see LAWE as a strong buy that we already know will be backed up by strong numbers...that's a nice bit of confidence to have in your back pocket as you build a position. Right now spread is awful at .34/.47 but there is nothing wrong IMO with paying .47...it's going to go past that very soon. You can probably middle it tho....but I would definitely have a solid position here. gpg aw Enforcement Associates Increases Mid-Year Revenue Forecast to $8.5 Million; Revised Estimate Represents a $4.7 Million Increase Over Six-Month Revenue Last Year Law Enforcement Associates Corporation (LEA) (OTC.BB:LAWE - News), 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."