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To: Joe Copia who wrote (802)	2/17/1998 2:25:00 PM
From: Mr. Stress	Respond to of 1845

Tuesday February 17, 1:08 pm Eastern Time Company Press Release SOURCE: State Street Securities State Street Securities Initiates Coverage on Saf T Lok With A Strong Buy Recommendation NEW YORK, Feb. 17 /PRNewswire/ -- The author, Howard N. Stillman, is a special situations analyst with over 25 years of experience and formerly director of research for two N.Y.S.E. member firms and has been approved as a supervisory analyst by the New York Stock Exchange. This reports was prepared on a fee basis. Phone 760-737-9580. Saf T Lok, Inc. (Nasdaq: LOCK - $4.00) Outstanding Shares: 9,887,077 30 Day Average Daily Volume: 536,100 Patented combination handgun locking devices that prevent usage by unauthorized individuals yet allow instant access by the owner in seconds -- even in the dark. 1. Saf T Lok has a rapidly increasing demand as national events, such as President Clinton's appeal for safety locking devices on firearms and pending legislation in population centers such as New York City, raise product awareness and need simultaneously. There are approximately 200 million firearms in the United States and over 1 billion worldwide. 2. To date this year, the Company has received approval of all 12 claims for its Magazine Lock, orders in excess of $6.5 million in less than a month and anticipates substantial orders in the immediate future. 3. Saf T Lok's products were well received at the recent ''Shot Show'' in Las Vegas, creating renewed and heightened interest among major gun manufacturers, retailers, distributors, and representatives of the international market. 4. Initial orders have been received from law enforcement agencies with a keen interest displayed in many cities. All law enforcement agencies who have seen on-site demonstrations have placed orders. 5. No competition of the product exists due to the unique and patented attributes of the Saf T Lok. This should expedite product roll out and potential for 40%-50% annual growth which would justify a price earnings ratio of 25 or better on that kind of operating performance. 6. Based on existing orders currently in house, the company will earn 25 cents per hare on a fully diluted basis. 7. Penetrating at 2% of its vast market this year, Saf T Lok has potential earnings of $1 per fully diluted share on a sales estimate of $60 million. RECOMMENDATION: Management at Saf T Lok refined the company's structure and raised sufficient capital to market and meet the impending demand created by legislation and growing public interest. In addition, the manufacturing process is now ready and equipped to fulfill current and expected orders with a sizable increase in the number of employees in the assembly phase. Based on these factors, shares could rise to $20-$40 per share over the next 12-24 month period.