Vancouver, British Columbia, September 8, 2011 - Lorex Technology (TSXV:LOX) is one of the latest new listings on the TSX Venture Exchange.
InvestmentPitch.com has produced a "video news alert (http://www.investmentpitch.com/media/1014/Lorex_Technology_TSXV_NEX_News_Alert_/)" about Lorex Technology. If this link is not enabled, please visit www.InvestmentPitch.com (http://www.investmentpitch.com/) and enter "Lorex" in the search box.
Lorex provides businesses and consumers with leading edge video surveillance security solutions, and sells its products under the Lorex and Digimerge brands. Both brands concentrate on the sale of wired, wireless and IP security surveillance equipment including cameras, digital video recorders and all-in-one systems.
The company also offers a line of digital video recording devices, specifically designed to record security cameras. These devices can record up to 16 channels to accommodate the number of security cameras in your home or business environment. Designed for the do-it-yourself person, they are easy to set up, connect to the internet and use at your home or business, and are accessible anywhere in the world via your computer or mobile phone.
One of their newest products is their award winning LIVEsnap video baby monitor. This pocket-sized video monitor has a 2.4 inch LCD screen and along with the camera, features built-in rechargeable lithium-ion batteries, for true portability. Parents can capture those unforgettable moments instantly with snapshot recording to a built-in microSD card, which can record up to 4,000 pictures.
The company's products are distributed through a diversified network of retail and distribution partners including leading national retailers like Costco, Radio Shack, Home Depot, Toys R Us, Kmart, Best Buy, The Source, and Future Shop
For the nine months ending June 30th, Lorex recorded $3 million of net earnings as compared to $1.3 million in the prior year. For a full analysis of the company's financials, please refer to their recent management discussion, which is available on www.sedar.com.
The shares currently trade at $0.58, and with approximately 35 million common shares outstanding is capitalized at $20 million.
For more information on Lorex Technology you can visit their website at www.lorextechnology.com (http://www.lorextechnology.com) or contact the company's presiden, Reuben Klein at 905-946-8589, or by email at reuben.klein@lorexcorp.com (mailto:reuben.klein@lorexcorp.com).
InvestmentPitch.com is a multimedia company that provides a combined solution for creating, hosting, and distributing financial video content across multiple platforms to investors and financial professionals.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
bmorgan@investmentpitch.com (mailto:bmorgan@investmentpitch.com)
604-684-5524
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: InvestmentPitch via Thomson Reuters ONE
