TORONTO, Feb. 16, 2012 /CNW/ - LOREX Technology Inc. ("LOREX" or the
"Company") [TSXV: LOX] announced today that as a part of its ongoing
commitment to enhance its corporate image and public company brand
within the investment community, the Company has published an investor
presentation. The presentation is now available for download from the
Investor Information section of the Company's corporate website www.lorexcorp.com
"It is a source of great pride that we continue to be recognized as
technology innovators and market leaders in the "Do It Yourself" (DIY)
consumer and professional advanced video security market. Our growth
is outpacing the industry and we are delivering strong earnings to
shareholders, having now achieved 12 consecutive quarters of positive
EBITDA. We are positioned to continue to grow LOREX with sustained
profitability; and this document is part of our ongoing communication
and education effort with the investment community," stated Reuben
Klein, CEO of LOREX.
A direct link to LOREX's investor presentation is now available at www.lorexcorp.com/IR
About LOREX Technology Inc.:
LOREX Technology Inc. ('LOREX') (TSXV:LOX) provides businesses and
consumers with leading edge video surveillance security solutions and
sells its products under the LOREX and Digimerge brands. The LOREX
brand, which caters to both small business and consumer markets, is
available in thousands of retail locations across North America. The
Digimerge division distributes its products through major distributors
in North America. Both brands concentrate on the sale of wired,
wireless and IP security surveillance and monitoring equipment
including cameras, digital video recorders and all-in-one systems.
LOREX subsidiaries include; LOREX Canada Inc., LOREX Corporation and
Strategic Vista Corporation Limited, Hong Kong.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy of accuracy of this release.
Cautionary Statement on Forward-Looking Information
This news release contains certain statements that may be deemed
"forward-looking statements". Forward-looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Forward-looking statements in this press
release relate to the Company's projected revenue. The forward-looking
information reflects predictions and does not in any way reflect a
guarantee. Factors which could cause actual results to differ
materially from current projections include, among other things:
competitive conditions in which the Company participates; changes in
consumer spending; general economic conditions and normal business
uncertainty; customer preferences towards product offerings; the
occurrence of a pandemic or other catastrophic event which could create
shortages of labour, products or services required to operate the
business profitably; fluctuations in foreign currency exchange rates;
changes in the Company's relationships with its suppliers. The Company
cautions that this is not an exhaustive list of factors that may affect
the forward-looking information contained in this press release.
Potential investors and readers are urged to give careful consideration
to all of these factors in evaluating any forward-looking information
and are cautioned not to place undue reliance on such information.
While the Company believes that its projections are reasonable, results
predicted in this forward-looking information may differ materially
from actual results. The Company disclaims any obligation to update
forward-looking information, except as may be required by law.
SOURCE LOREX Technology Inc.
For further information:
Chairman and Chief Executive Officer
LOREX Technology Inc.
Phone: (905) 946-8589, extension 120