TASER International Receives Notice From U.S. Securities and Exchange Commission
December 13 2005 - 6:25AM
PR Newswire (US)
No Enforcement Action Recommended for Accounting and Medical Safety
Issues SCOTTSDALE, Ariz., Dec. 13 /PRNewswire-FirstCall/ -- TASER
International, Inc. (NASDAQ:TASRNASDAQ:TASRE), a market leader in
advanced electronic control devices today announced that the
company has been advised by the Staff of the Division of
Enforcement of the U.S. Securities and Exchange Commission (SEC)
that the Staff has completed the previously announced investigation
into TASER International's disclosures concerning the medical
safety of the TASER device; and certain accounting and disclosure
issues. The Staff further advised that it has determined that at
the present time it will not recommend that the Commission
institute any enforcement proceedings as to any of these matters.
The Staff also advised the Company that it is continuing to
investigate issues relating to trading in the Company's stock.
About TASER International, Inc. TASER International provides
advanced electronic control devices for use in the law enforcement,
military, private security and personal defense markets. TASER
devices use proprietary technology to incapacitate dangerous,
combative or high-risk subjects who pose a risk to law enforcement
officers, innocent citizens or themselves in a manner that is
generally recognized as a safer alternative to other uses of force.
TASER technology saves lives every day, and the use of TASER
devices dramatically reduces injury rates for police officers and
suspects. For more information on TASER life-saving technology,
please call TASER International at (800) 978-2737 or visit our
website at http://www.taser.com/. Note to Investors This press
release contains forward-looking information within the meaning of
Section 27A of the Securities Act of the 1933 and Section 21E of
the Securities Exchange Act of 1934, and is subject to the safe
harbor created by those sections. The forward-looking information
is based upon current information and expectations regarding TASER
International. These estimates and statements speak only as of the
date on which they are made, are not guarantees of future
performance, and involve certain risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results could materially differ from what is
expressed, implied, or forecasted in such forward-looking
statements. TASER International assumes no obligation to update the
information contained in this press release. TASER International's
forward looking statements in this press release and future results
may be impacted by the outcome of the hearing before the NASDAQ
Listing Qualifications Panel, completion of the restatement of the
Company's financial results for the first quarter of 2005 and the
second quarter of 2005, completion of the review of the Company's
financial results for the third quarter of 2005, risks associated
with rapid technological change, new product introductions, new
technological developments and implementations, execution issues
associated with new technology, ramping manufacturing production to
meet demand, litigation results from Company filed lawsuits and
other litigation including lawsuits resulting from alleged product
related injuries, media publicity concerning allegations of deaths
occurring after use of the TASER device and the negative impact
this could have on sales, product quality, implementation of
manufacturing automation, potential fluctuations in quarterly
operating results, adjustments to these amounts which may be
reflected in our 10Q filing, competition, financial and budgetary
constraints of prospects and customers, international order delays,
dependence upon sole and limited source suppliers, negative reports
concerning TASER device uses, governmental inquiries and
investigations, medical and safety studies, fluctuations in
component pricing, government regulations, variation among law
enforcement agencies with their TASER product experience, TASER
device tests and reports, dependence upon key employees, and our
ability to retain employees. TASER International's future results
may also be impacted by other risk factors listed from time to time
in its SEC filings, including, but not limited to, the Company's
Form 10-QSBs and its Annual Report on Form 10-KSB. The statements
made herein are independent statements of TASER International. The
inclusion of any third parties does not represent an endorsement of
any TASER International products or services by any such third
parties. For further information contact Steve Tuttle, Vice
President of Communications. Visit the company's web-site at
http://www.taser.com/ for facts and video. DATASOURCE: TASER
International, Inc. CONTACT: Steve Tuttle, Vice President of
Communications of TASER International, Inc., +1-480-444-4000 Web
site: http://www.taser.com/
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