LOREX announces third quarter earnings



    TORONTO, Aug. 14 /CNW/ - LOREX Technology Inc. ("LOREX") (TSX: LOX)
announces results(*) for the three and nine months ended June 30, 2009.
    Highlights of the three and nine month operating results are as follows:


    
    (Thousands of US $)
    -------------------------------------------------------------------------
                                Three months ended         Nine months ended
                                      June 30                   June 30
                          ---------------------------------------------------
                                 2009         2008         2009         2008
    -------------------------------------------------------------------------
    Revenue                    12,796       10,217       35,012       36,597
    -------------------------------------------------------------------------
    Earnings before
     interest, taxes,
     amortization(*)              528       (1,061)       1,010          (31)
    -------------------------------------------------------------------------
    Earnings                      127       (1,423)         140       (1,272)
    -------------------------------------------------------------------------
    Earnings per common
     share (basic and
     diluted)                   $0.01       ($0.05)       $0.01       ($0.05)
    -------------------------------------------------------------------------
    Weighted average
     number of shares
     outstanding           26,954,083   26,954,083   26,954,083   26,954,083
    -------------------------------------------------------------------------
    (*) Audited financial information is available at www.sedar.com.

    (xx)EBITDA is not a measure of performance under Canadian GAAP. EBITDA
        should not be considered in isolation or as a substitute for Net
        Earnings nor as a measure of operating performance or profitability.
    

    About LOREX Technology Inc.:

    LOREX Technology Inc. ('LOREX') (TSX:LOX) provides businesses and
consumers with leading edge video surveillance security solutions and sells
its products through distinct market channels under the LOREX and Digimerge
brands. The LOREX brand, which caters to both small business and consumer
markets, is available in over 9,000 retail locations across North America and
the U.K. and has an established market presence online selling through major
e-tailers and through its in-house webstore. The Digimerge division
distributes its products through major distributors in both North America and
Europe. Both groups concentrate on the sale of wired, wireless and IP security
surveillance equipment including cameras, digital video recorders and
all-in-one systems.
    LOREX subsidiaries include; LOREX Canada Inc., Digimerge Technologies
Inc., LOREX Corporation and Strategic Vista Corporation Limited, Hong Kong.

    
    The TSX has not reviewed and does not accept responsibility for the
    adequacy or accuracy of this release.
    

    Certain information included in this news release contains statements
that are forward-looking, such as statements relating to anticipated future
revenues of the Company and the success of product offerings. Such
forward-looking information involves important risks and uncertainties that
could significantly affect anticipated results in the future, and,
accordingly, such results may differ materially from those expressed in any
forward-looking statements made by or on behalf of the Company. Full financial
statements along with Management's Discussion an Analysis can be obtained from
SEDAR at www.sedar.com





For further information:

For further information: Jordan Schwartz, Chief Financial Officer, LOREX
Technology Inc., Phone: (905) 946-8589 ext 168, jordan.schwartz@lorexcorp.com,
www.lorextechnology.com

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LOREX Technology Inc.

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