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Friday, January 07, 2005

SEC begins 'informal' investigation of Taser

January 7, 2005
The Business Journal of Phoenix

"The company said it is now putting information together for federal regulators regarding company statements about the safety of its products, and a $1.5 million order received from Davidson's Inc., a Prescott firearms dealer, to determine if it was made in late 2004 in order to meet fourth quarter revenue guidance. Taser says it is cooperating fully with the SEC and is confident the issue will end up in their favor. "We are confident our statements are supported by the safety studies of our products," said Rick Smith, Taser's chief executive.

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