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Non-Tech : LOCK (Saf-T-Lok) -- Ignore unavailable to you. Want to Upgrade?

To: R KIEFHABER who wrote (414)	2/6/1998 2:31:00 PM
From: Milk	Read Replies (1) \| Respond to of 1039

What is important, is that Gardner didn't comment on the massive insider selling (Quantum made a very good point there, and it doesn't matter who they are, just check the SEC filings!). I emailed them a month ago after I saw Gardner sell all of his shares, but they never responded. Something to ponder... -Milk

To: R KIEFHABER who wrote (414)	2/6/1998 3:44:00 PM
From: Milk	Read Replies (1) \| Respond to of 1039

Friday February 6, 2:29 pm Eastern Time Company Press Release SOURCE: Quantum Group, Ltd. Quantum Group, Ltd. Reiterates Sell Recommendation, Sites Company Filings NEW YORK, Feb. 6 /PRNewswire/ -- Quantum Group, Ltd. stated that there were over two million dollars in incentives to State Street Securities, Marketing Direct Concepts and a Business Consulting firm (A.B. and Associates). Saf-T-Lok, Inc. (Nasdaq: LOCK - news) did an offshore stock placement of 1,500,000 shares to three offshore companies all having the same president. The gross proceeds of this stock sale were three million dollars. Out of these proceeds Saf-T-Lok paid $375,000 to Marketing Direct Concepts, $250,000 to A.B. and Associates and $465,000 to State Street Securities. At no time did Quantum Group, Ltd. report that State Street Securities ever received compensation in the form of stock or warrants. If the shares of Saf-T-Lok were to remain above 3 dollars the offshore buyers can convert an additional 2 million shares at 2 dollars and 500,000 shares at 3 dollars. If that happens State Street Securities would receive an additional $742,000 and Marketing Direct would receive an additional $375,000. At the current stock price these three offshore companies can make a profit of over six million dollars. It should be noted that one of the terms of this Regulation S. was that Saf-T-Lok had to hire Marketing Direct as their PR firm. Quantum believes this is a pump and dump scheme. John Gardner, the president of Saf-T-Lok stated today that the company will receive proceeds of $5.5 million. If in fact these warrants are exercised Saf-T-Lok will receive proceeds of $4.3 million. The company's aggressive focus on the price of the stock also is very alarming. Our opinion remains that shares of Saf-T-Lok are being hyped up to unrealistic levels that are unsustainable. Saf-T-Lok has yet to prove the Lock they are selling for $90 can compete with current products that sell for under $10. In August, 1997 Smith & Wesson announced a partnership with Masterlock that will include a Masterlock gun lock with the sale of Smith & Wesson guns. Quantum Group, Ltd. continues to maintain a short position in Saf-T-Lok. SOURCE: Quantum Group, Ltd. -------------------------------------------------------------------------------- biz.yahoo.com