To: Mr. Stress who wrote (58957 ) 3/1/1999 2:29:00 PM From: RCJIII Respond to of 119973
LOCK on FIRE, big news is out- (COMTEX) B: GENERAL SERVICES ADMINISTRATION AWARDS FIVE-YEAR CONTRACT B: GENERAL SERVICES ADMINISTRATION AWARDS FIVE-YEAR CONTRACT To Saf T Lok Inc. For Handgun Safety Locks WEST PALM BEACH, Fla., March 1 /PRNewswire/ -- Saf T Lok Incorporated (Nasdaq: LOCK) announced today that the U.S. General Services Administration (GSA), the purchasing arm of the Federal government, has awarded a five-year contract to Saf T Lok for the company's patented touch-sensitive combination gun locks for revolvers and semiautomatic handguns. The contract with the GSA's Federal Supply Service runs from March 1, 1999 through February 29, 2004. The contract allows Federal law enforcement and other agencies in all fifty states, Washington, D.C., Puerto Rico and the Virgin Islands to procure Saf T Lok gun locks. Federal agencies will be able to order Saf T Lok handgun safety locks electronically on the Internet through GSA Advantage, a menu- driven database system. The contract does not require the government to purchase any of the company's products and establishes a maximum of $150,000 per purchase order. "We are honored that the federal government has determined to make Saf T Lok handgun safety locks available to its employees whose duties require them to carry handguns. Our gun locks are the only locks that can render a loaded handgun inoperable. Yet, the lock can be opened in seconds, even in the dark. We hope that the government will take full advantage of this opportunity to eliminate the danger of unauthorized or accidental discharge of handguns when its agents are off duty." Saf T Lok, Inc., based in West Palm Beach, FL, manufacturers Saf T Lok(R) grip locks for revolvers and magazine locks for semiautomatic handguns. The locks are unique in that they can safely lock a loaded firearm and prevent unauthorized use. They are completely mechanical and have been recommended by the Institute for Police Research and endorsed by the Fraternal Order of Police, the Safe and Vault Technicians Association and the Associated Locksmiths of America. For an independent product review on Saf T Lok gun locks visitpoliceresearch.org . The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including but not limited to risks identified in the company's SEC filings. Actual results, events and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The company undertakes no obligation to release publicly the result of any revisions to these forward- looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. SOURCE Saf T Lok, Inc. -0- 03/01/99 /CONTACT: Jacquie Cofer of Saf T Lok Incorporated, 561-478-5625, or e-mail, saftlok@aol.com; or Langdon Cook, or Charles Zinkowski, both of G.S. Schwartz & Co., Inc., 212-725-4500, or e-mail, lcook@schwartz.com, for Saf T Lok, Inc./ /Web site: policeresearch.org /Web site:saf-t-lok.com (LOCK) CO: Saf T Lok, Inc.; U.S. General Services Administration ST: Florida IN: SU: CON *** end of story ***