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

To: Terry Over who wrote (513)	2/19/1998 3:46:00 PM
From: Terry Over	Respond to of 1039

DJ News Release 2/19 15:24 est: Saf T Lok In 2-Yr Marketing Pact For Gun Safety Pdts >LOCK TEQUESTA, Fla. (Dow Jones)--Saf T Lok Inc. (LOCK) agreed to provide United Safety Action Inc. with fixed pricing based on the size of an initial order and United's obligation to purchase at least $20 million worth of products during the next two years. Under the terms of the agreement, United Safety Action will distribute Saf T Lok's devices worldwide to retailers, gun clubs and individual gun owners but not to law enforcement agencies, government entities, military or gun makers. In a press release Thursday, Saf T Lok said the companies will implement a $5 million cooperative advertising campaign to market the products. United Safety Action secured $10 million in working capital to begin its business plan and to execute the advertising campaign. Saf T Lok's device precludes a firearm from discharge with a touch-oriented combination mechanism. Saf T Lok makes childproof locking devices for handguns. (END) DOW JONES NEWS 02-19-98 15:25 021998