Wheat Ridge, Colorado (PRWEB) December 11, 2014
Lifeloc Technologies, Inc. (OTC: LCTC), a leading manufacturer of Evidential Breath Testing equipment and provider of Breath Alcohol Technician training announced today that the company has acquired Superior Training Solutions (STS) of Wimberley, Texas, a prominent online training business specializing in supervisor and employee drug and alcohol education. The transaction was completed on December 1, 2014 in consideration for a combination of cash and Lifeloc Technologies stock.
The Superior Training Solutions acquisition will significantly expand Lifeloc’s reach and customer base for Drug Free Workplace training. All STS courses meet Department of Transportation (DOT) and Drug Free Workplace requirements for Supervisor and Employee training. The company’s online Reasonable Suspicion Training is available in different versions reflecting the specific rules and guidance of the Federal Motor Carrier Safety Administration, the Federal Aviation Administration, the Federal Transit Administration, and other DOT modes.
Commented Barry Knott, president of Lifeloc, “STS will operate as a standalone business unit of Lifeloc and the ownership change will be largely transparent to both STS and Lifeloc customers. STS has done a terrific job making high quality online drug and alcohol training courses easily accessible to resellers and employers large and small. Uniquely, course branding and content can be quickly adapted to reflect specific user or reseller requirements.”
Gary Glisan, founder and CEO of Superior Training Solutions observed, “As I was working toward retirement and looking for a new home for STS, my key concern was to ensure that our clients would receive the same support and service that we have always tried to provide. Lifeloc is intimately familiar with online training and Learning Management System (LMS) requirements. This experience, plus the fact that STS will remain as a standalone business makes Lifeloc a perfect fit. I will certainly miss each and every client and relationship we have built over the years; however, I feel confident that I am leaving everyone in good hands.”
With the ownership change Gary Glisan, will be retiring from the drug and alcohol testing industry. Gary began his career in substance abuse testing and training in the United States Air Force. After retiring from the Air Force, Gary formed and ran his own drug and alcohol management and training businesses before founding STS in 2004. Gary was also a founder of the Substance Abuse Program Administrators Association (SAPAA) and served as Director and President for two consecutive terms.
Amy Evans, Workplace Business and Training Manager for Lifeloc added, “We’re pleased that Mac Allen, a 20 year veteran of our industry, co-founder of STS, and the first Executive Director of the Substance Abuse Program Administrators Association (SAPAA) is staying with the company. Mac will continue to use his deep subject matter expertise in the development of new courses for both STS and Lifeloc.
For more information about Lifeloc Technologies (http://www.lifeloc.com) and Superior Training Solutions (http://www.stsfirst.com) please visit their respective websites or contact Lifeloc Technologies at info(at)lifeloc(dot)com.
About Lifeloc Technologies
Lifeloc Technologies (OTC:LCTC) is a trusted U.S. manufacturer of evidential breath alcohol testers and related training and supplies for Workplace, Law Enforcement, Corrections and International customers. Lifeloc stock trades over-the-counter under the symbol LCTC. We are a fully reporting Company with our SEC filings available on our web site, http://www.Lifeloc.com.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which involve substantial risks and uncertainties that may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements in this press release including statements about our strategies, expectations about new and existing products, market demand, acceptance of new and existing products, technologies and opportunities, market size and growth, and return on investments in products and market, are based on information available to us on the date of this document, and we assume no obligation to update such forward-looking statements. Investors are strongly encouraged to review the section titled Risk Factors in our SEC filings, available free of charge at the SECs website (http://www.sec.gov).
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