TAMPA, Fla., Jan 07, 2008 /PRNewswire-FirstCall via COMTEX/ -- Stinger Systems, Inc. (STIY), a leader in electro-stun technology today announced that highly-decorated former New York City detective, Richard "Bo" Dietl, has joined Stinger Systems as a member of Stinger Systems' Board of Directors.
Mr. Dietl is a former New York Police City Department detective who made more than 1,500 arrests and became one of the most highly decorated detectives in the history of the department. He received 80 awards and commendations for bravery alone. A major motion picture, "One Tough Cop," based on Mr. Dietl's autobiographical novel, was released in 1998. After retiring from the police department, Mr. Dietl went on to become a highly respected security expert and investigator in the private sector in both national and international arenas. Currently, Mr. Dietl is Chairman and CEO of Beau Dietl Associates (BDA), a security and investigative firm that he founded in 1985. The firm boasts a client list that includes Sony Columbia Pictures, Coca-Cola, Grey Advertising, PaineWebber, Lehman Brothers, Bear Sterns, NCR and the Saudi royal family.
Mr. Dietl's references include Warren Buffet, Donald Trump, Sumner Redstone and Jack Welch. Mr. Dietl is a contributing commentator on security and criminal matters for the Fox News Network and has frequently appeared on Good Morning America, the Today show, CNN, CNBC, ABC, CBS, NBC and the Imus radio program. In 1989, Mr. Dietl was named Chairman of the National Crime Commission by President George H. W. Bush. In 1994 Mr. Dietl was named as the Chairman of the Security Guard Advisor Community to the Governor of New York and still holds that position.
Robert Gruder, Stinger Systems' CEO, stated, "I'm truly excited to have Bo Dietl become part of the Stinger team. Bo will be a great asset in getting the word out and making introductions to sell the Stinger S-200 projectile stun gun. I believe this is a validation of the quality of the Stinger to have such a decorated former New York City police officer and detective become a part of the Stinger team."
Bo Dietl commented, "In my opinion, the Stinger S-200 projectile stun gun is the best product on the market. As a former police officer and detective head of a large security company, I would only want to recommend the best available products. Further, I believe the Stinger S-200 is far superior to the Taser products not only in features and ruggedness but in price as well. Because of this, I would like to assist in promoting this great product."
-------------------- What can i say??I'm a greedy B*stard Posts: 312 | Registered: Mar 2006
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soen dropping, how low you think it will go? i played the initial run, looking to get in on the bounce! thinking 1.10-1.15 but only if it does a penant
Posts: 3086 | From: miami | Registered: Nov 2005
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Press Release Source: Stinger Systems, Inc.
Taser Loses Right to Enforce Its United States Patent 5,936,183 Thursday January 10, 9:15 am ET United States Patent and Trademark Office Refuses to Reinstate Patent
TAMPA, Fla., Jan. 10 /PRNewswire-FirstCall/ -- Stinger Systems, Inc. (OTC Bulletin Board: STIY - News), a leader in electro-stun technology today announced that Taser's patent 5,936,183 is cancelled. On advice of its attorneys James McNulty and Leonard Tachner, Stinger Systems, Inc. filed on December 21, 2007 with the Commissioner of Patents a request for reexamination of Taser International, Inc.'s (Nasdaq: TASR - News) intellectual property. Stingers allegations against Taser in federal case CV-07-0042-PHX-MHM, Taser's patents 6,626,412, 7,075,770 and 7,234,262. ADVERTISEMENT
Research for this valuable and formerly patent protected technology for a much touted non-lethal alternative to the anti-personnel land mine was funded by the United States government and undertaken jointly with the General Dynamics Corporation.
Robert Gruder, C.E.O. of Stinger Systems, Inc. commented, "Stinger's attorneys advise that Stinger may rely on this abandonment to develop and manufacture its own versions of this non-lethal land mine technology. With Taser's losing its right to enforce its patent for this valuable technology, Stinger is now seriously evaluating competitive entry into the industry and market for non-lethal landmines."
ABOUT STINGER SYSTEMS
Stinger Systems, Inc., a leading provider of electro stun technologies, develops and sells a broad array of products utilizing advanced electro sparc- pulsed technology to police, corrections, and security sectors worldwide. http://www.stingersystems.com.
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The forward-looking statements are based on Stinger Systems' current intent, belief and expectations. These statements are not guarantees of future performance and are subject to certain risks and uncertainties that are difficult to predict. Actual results may differ materially from these forward-looking statements because of the risks described in Stinger Systems' filings with the Securities and Exchange Commission. Existing and prospective investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. Stinger Systems undertakes no obligation to update or revise the information contained in this announcement whether as a result of new information, future events or circumstances, or otherwise.
[Handout] Richard "Bo" Dietl says he will promote Stinger's stun gun on radio and TV, where he frequently appears. --------------------------------------------------------------------------------
Business News Video
Which company boasts the Tampa Bay area's highest-paid board member?
Forget about giants like Tech Data Corp. and Jabil Circuit. The most generous public firm locally may be Stinger Systems, a Tampa stun gun maker that welcomed director Richard "Bo" Dietl last week with options to purchase 1-million shares of its stock at just 20 cents per share. Sale of the stock at Monday's closing price of $1.20 per share would earn Dietl a cool $1-million profit.
Stinger is an unlikely standard-bearer for corporate excess. The troubled eight-person company lost $4.5-million in the third quarter on revenue of just $48,000. Its chairman and CEO, Robert F. Gruder, earned a relatively paltry salary of $250,000 in 2006. Two prior board appointees received options to purchase just 20,000 shares of stock apiece.
But if his first week on the job is any indication, Dietl - an ex-New York City homicide detective whose autobiography was turned into a Hollywood movie - may be worth his pay. On Monday, the voluble 57-year-old used an appearance on Don Imus' radio program to accuse stun gun leader Taser International of faking test results and offered the Scottsdale, Ariz., firm $100,000 to submit to a "fair" side-by-side test. Shortly before that, Dietl said, he and Los Angeles police Chief William Bratton attended a demonstration of Stinger's stun gun at the Los Angeles police academy. Dietl, who vowed to hold his Stinger stock for the long term, promised to promote the company during his frequent appearances on Fox News.
"Oh, I'm going to be everywhere," he said. "I want to see every police officer have a Stinger."
Stealing market share from industry leader Taser will not be easy for Stinger, which did not respond to interview requests Monday. Its 2006 revenue of less than $500,000 was dwarfed by Taser's $67.7-million. But Dietl claims Stinger's stun guns are as good as or better than Taser's at just half the price. The companies are fighting in federal court over mutual charges of patent infringement and false advertising. But the message could prove to be an effective marketing tool with police chiefs, with whom Dietl is notably chummy.
"I'm not in it to make the stock go higher without building a foundation of sales," he said.
Times researcher Carolyn Edds contributed to this report. Scott Barancik can be reached at barancik*sptimes.com or (727) 893-8751.