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

To: lloyd bashaw who wrote (448)	2/12/1998 5:06:00 PM
From: lloyd bashaw	Read Replies (1) \| Respond to of 1039

Saf T Lok Receives $1 Million Deposit on $6,025,000 Order Business Wire - February 12, 1998 12:33 %SAF-T-LOK LOCK %FLORIDA V%BW P%BW -------------------------------------------------------------------------------- Jump to first matched term TEQUESTA, Fla.--(BUSINESS WIRE)--Feb. 12, 1998--Saf T Lok (NASDAQ:LOCK) announced that it has received a $1 million cash deposit toward the $6,025,000 cash order placed by distributor D & W Enterprises of Tarrytown, New York. D & W has agreed to pay another million to Saf T Lok after the first shipment. "We requested the $2 million so that Saf T Lok could preserve its working capitol," said Saf T Lok CEO, John Gardner. "In addition, we are developing a strong relationship with D & W and are expecting further orders from their company." "This order really accelerates Saf T Lok into a new era," added Gardner. "We expect the order to assist in expediting other substantial deals Saf T Lok is currently negotiating." The order also allows Saf T Lok to continue to expand its production capabilities. "We will be prepared, both in our manufacturing capabilities and in our new distribution partnerships, to meet the expected need for child safety locks around the world," said Gardner. Saf T Lok's patented device effectively precludes a firearm from discharge by an unauthorized user. It is the only gun locking device that can safely lock a loaded firearm yet can be accessed in seconds - even in the dark. This press release contains forward-looking statements regarding future events and the future performance of Saf T Lok Incorporated that involve risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements. Information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company's SEC filings, including Form 10-K, Form 10-Q and Form 8-K reports. CONTACT: Kurt Divich, Public Relations, 888/632-4653