Latest Press Releases
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March 3, 2010
LoJack Reports Fourth Quarter and Year End 2009 Results
LoJack reported today that revenue for the fourth quarter ended December 31, 2009 declined 26% to $35.6 million, from $48.2 million in the same quarter a year ago. The net loss attributable to LoJack Corporation for the fourth quarter of 2009 was $2.3 million or $0.13 per diluted share, compared to net income attributable to LoJack Corporation of $0.2 million or $0.01 per diluted share in the same quarter a year ago.
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February 18, 2010
LoJack Releases Auto Theft Recovery Report
LoJack today released its first Auto Theft Recovery Report, highlighting results from LoJack’s 2009 recoveries. The report provides valuable information regarding the ongoing issue of auto theft, which according to the FBI’s latest theft data (2008) remains a major issue despite a declining number of thefts. In 2009, LoJack had a 90 percent success rate recovering 11,382 LoJack-equipped stolen vehicles valued at nearly $133 million.
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February 18, 2010
LoJack Announces Retirement of General Counsel Thomas A. Wooters
LoJack announced today that Thomas A. Wooters has retired from the position of Executive Vice President and General Counsel. Mr. Wooters will remain with the company in a part time capacity as Vice President of Regulatory Strategy. He is succeeded by Kathleen P. Lundy as Vice President and General Counsel.
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February 16, 2010
LoJack Announces Management Succession
The Board of Directors of LoJack announced that Richard T. Riley will retire as Chairman of the Board of Directors, a position he has held since 2006, effective May 20, 2010. Mr. Riley will remain a member of the Board of Directors. Ronald V. Waters, III, President and Chief Executive Officer, will become Chairman of the Board of Directors on May 20, 2010.
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February 4, 2010
Media Advisory: Across the Country, Numerous Incidents Reported of People with Alzheimer's Wandering Off and Tragically Dying
LoJack SafetyNet Expert Offers Tips on How to Keep Loved Ones Safe From Life-Threatening Wandering
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January 15, 2010
Three Major Recoveries in Three Days Highlight the Effectiveness of the LoJack Stolen Vehicle Recovery System
LoJack today announced three major recoveries in the past week in Southern California, which resulted in the rescue of a four-year-old child, the recovery of more than $1,000,000 worth of construction equipment and vehicles, and the arrest of two car thieves. Read more
January 5, 2010
LoJack Enters Into a $30 Million Multi-Currency Credit Agreement
LoJack reported today that on December 29, 2009 the company entered into a multi-currency revolving credit agreement for USD$30 million, replacing its prior multi-currency credit agreement. Read more |