Robert McWhirterLOREX Technology Inc.LOX.VDON'T BUYOct 25, 2006

Wired and wireless video security solutions. Not part of his model. Earnings expected to have a loss of $.12 in Sept/06, rising to $.02 in Sept/07. Relatively pricey, with a P/E of 22.

Robert McWhirter

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COMMENT

Lorex Technologies (LOX-X) or Alarmforce Industries (AF-T)? Alarmforce is a more mature company with a better track record. This one has a good track record but not a long one. Trading with 6 or 7 times earnings multiple and is significantly cheaper.

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Robert McWhirterLOREX Technology Inc.LOX.VDON'T BUYOct 25, 2006

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