Our domestic and international distributors did an exceptional job in 2011
Wheat Ridge, Colorado (PRWEB) March 20, 2012
Lifeloc Technologies (OTC: LCTC) a leader in the manufacture of portable breath alcohol testing devices for medical, workplace, law enforcement and personal use, announced record financial results for 2011. Annual revenue increased 31.5% to $8,048,952. Net income after taxes increased over 90% from $406,794 in 2010 ($0.17 per diluted share) to $778,929 ($0.32 per diluted share) in 2011.
“Our domestic and international distributors did an exceptional job in 2011,” said Barry Knott, Lifeloc’s president and CEO. “Customer acceptance of our new products was gratifying and we are enthusiastic about our new product pipeline. Lifeloc also achieved ISO 9001:2008 certification, an internationally recognized quality standard that reinforces our longstanding commitment to providing our customers with the highest quality products and world-class support.”
In 2011 Lifeloc Technologies successfully met the United States Securities and Exchange Commission filing requirements to become a public corporation. Lifeloc expects public trading of its stock to begin in Q2 of 2012.
About Lifeloc Technologies
Lifeloc Technologies, Inc. is a trusted international provider of precise, reliable and easy to use portable breath alcohol testing instruments (breathalyzers). Lifeloc offers comprehensive online and classroom training, plus supplies and drug screening products. Our alcohol testing devices have been manufactured continuously in Colorado since our founding in 1983. Lifeloc evidential and screening devices are approved by the U.S. DOT and other state and international regulatory agencies. More information about Lifeloc is available at http://www.lifeloc.com
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