LGTT (OTC BB) Breaking Out, our subscribers up over 100%
Greetings,
We wrote about LGTT (Ligatt Security International) not too long ago the subscribers of our free penny stock newsletter. The stock is breaking out today, hitting an intra-day high of 0.0038 for a gain of over 100%.
It’s always wise to take out your initial investment after such a large jump, however we suspect it would be just as wise to keep some shares in the back pocket - LGTT is starting to acquire other companies and issue dividends to its shareholders.
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The following news was issued today for LGTT. See you on board!
LIGATT Security International Signs Letter of Intent to Purchase Cyber Defense Systems, Inc. and Plans to Pays Stock Holders 5 to 1
2009-06-29 10:15 ET - News Release
Also News Release (U-CYDM)
ATLANTA, GA – (MARKET WIRE) – 06/29/09
LIGATT Security International (PINKSHEETS: LGTT) CEO Gregory Evans announced today the signing of a letter of intent to purchase Cyber Defense Systems, Inc. (PINKSHEETS: CYDM), a company whose focal point is international homeland defense. This purchase will help assist LIGATT Security in the distribution of computer security and cyber crime products and services. CYDM is certified to do business with the federal government and has operated in the past under the International Traffic in Arms Regulations (ITAR) agreement and plans to utilize ITAR in the future to sell products to National Homeland Security, foreign militaries, foreign militaries and international governments.
“We plan to pay current shareholders of LIGATT Security shares of the newly acquired company based on a 5-1 ratio, meaning for every five shares owned in LIGATT Security, shareholders will acquire one share in the new company,” announced Evans.
CYDM is a company that realizes the global war on terror has re-defined this country’s need for security protection both at home and abroad. As continued terror attacks occur around the globe, CYDM emerged to provide solutions to support the fight against terror and international homeland defense. Existing technology at CYDM along with future planned innovations will meet these security challenges with cost effective solutions.
“LIGATT Security will continue to strive for company expansion through seeking and incorporating a network of innovators who are equally determined as us to reach new heights in technology. By purchasing Cyber Defense Systems, Inc., we will be able to partner with fellow security experts like William Robinson to be a force against international terror,” says Evans.
With the addition of Cyber Defense Systems, Inc., LIGATT Security International will also be appointing a new Board of Directors, President and CEO. The acquisition of CYDM will close by August 1, 2009, pending proper due diligence and other necessary legal proceedings.
For more information regarding LIGATT Security International and its various products and services, visit www.ligattsecurity.com. For more information regarding Cyber Defense Systems visit www.cyberaerospace.com.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Amanda Duggan/Ebony Simpson
LIGATT Security International
866-354-4288 ext. 5 (phone)
866-420-4503 (fax)
aduggan@ligatt.com
www.ligattsecurity.com