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LoJack Corp. to Present at Needham Growth Stock Conference on January 7
Posted by: gurufocus (IP Logged)
Date: December 30, 2008 12:01PM
Press Release: LoJack Corp. to Present at Needham Growth Stock Conference on January 7 LoJack Corporation the premier worldwide marketer of wireless tracking and recovery systems for valuable mobile assets is the undisputed leader in global stolen vehicle recovery. Its Stolen Vehicle Recovery System delivers a better than ninety% success rate and has helped recover more than $3 billion in global stolen assets. The system is uniquely integrated into law enforcement agencies in the United States that use LoJack's in-vehicle tracking equipment to recover stolen assets including cars trucks commercial vehicles construction equipment and motorcycles. LoJack operates in twenty six states and the District of Columbia representing areas of the country with the greatest population density and highest number of new vehicle sales and incidence of vehicle theft. Boomerang Tracking Inc. the dominant marketer of stolen vehicle recovery technology in Canada operates as a wholly owned subsidiary of LoJack Corporation. LoJack Corp. has a market cap of $75.82 million; its shares were traded at around $4.24 with a P/E ratio of 7.6 and P/S ratio of 0.34. LoJack Corp. had an annual average earning growth of 8.8% over the past 10 years.
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LoJack will provide a live webcast of the Needham Conference presentation at :7e35:http://www.wsw.com/webcast/needham27/lojn/:/7e35:. The webcast will also be archived and accessible through the investor relations page at www.lojack.com.
LoJack Corporation, the company that invented the stolen vehicle recovery market, leverages its superior technology, direct connection with law enforcement and proven processes to be the global leader in tracking and recovering valuable mobile assets. The company's Stolen Vehicle Recovery System delivers a 90 percent success rate in tracking and recovering stolen cars and trucks and has helped recover more than
From time to time, information provided by the company or statements made by its employees may contain "forward-looking" information, which involve risks and uncertainties. Any statements in this news release that are not statements of historical fact are forward-looking statements (including, but not limited to, statements concerning the characteristics and growth of the company's market and customers, the company's objectives and plans for future operations and products and the company's expected liquidity and capital resources). Such forward-looking statements are based on a number of assumptions and involve a number of risks and uncertainties, and accordingly, actual results could differ materially. Factors that may cause such differences include, but are not limited to: the continued and future acceptance of the company's products and services; the effectiveness of the company's marketing initiatives; the rate of growth in the industries of the company's customers; the presence of competitors with greater technical, marketing, and financial resources; the company's ability to promptly and effectively respond to technological change to meet evolving customer needs; the extent of the company's use of third party installers and distributors; capacity and supply constraints or difficulties; the company's ability to successfully expand its operations and changes in general economic or geopolitical conditions. For a further discussion of these and other significant factors to consider in connection with forward-looking statements concerning the company, reference is made to the company's Annual Report on Form 10-K for the year ended
The company undertakes no obligation to release publicly the result of any revision to the forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Contact: Paul McMahon Senior Director, Corporate Communications (781) 251-4130 John Swanson Swanson Communications, Inc. (516) 671-8582
Stocks Discussed: LOJN,