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LIGATT Security International Completes 504 Financing

^{Published on 2009-12-01 06:35:44 - Market Wire}
 

ATLANTA, GA--(Marketwire - December 1, 2009) - LIGATT Security International (LSI) (PINKSHEETS: [ LGTT ]) announces the completion of their 504 finances as on Tuesday, Nov. 17th. A 504 financing allows a company to raise up to $1 million to be used for mergers, operations, and other cost associated with the business.

In other news, shareholders will be receiving their proxies this week to vote on a reverse split. Shareholders have the chance to vote for or against a reverse split through the following options: 10 to 1, 20 to 1, 50 to 1, 100 to 1, 500 to 1, 1000 to 1, or no reverse split. Due to late delivery, the proxy deadline has been extended to Jan. 4, 2010.

"We aren't saying we are doing a reverse split," says Gregory Evans, CEO and President of LIGATT Security International. "What we are saying is due to the number of inquiries from shareholders we are wondering if we really want to do a reverse split."

The shareholders meeting will still take place in Atlanta, GA on Saturday, Dec. 12th from 10 a.m.-12 p.m. at the Embassy Suites Atlanta in Buckhead. Shareholders will have the opportunity to mix and mingle amongst LSI staff members, Board of Directors and CEO Gregory Evans. All registered shareholders must bring their invitations that will be mailed with the proxies to the meeting in order to attend.

To register for the shareholders meeting, or for more information about LIGATT Security International visit [ www.ligattsecurity.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.