Sichenzia Ross Ference Kesner LLP Represents Brekford Corporation in the sale of its Vehicle Services Business

brekford

Press Release – New York, NY – March 7, 2017 – Nationally recognized securities and corporate law firm Sichenzia Ross Ference Kesner LLP announced today that it has represented Brekford Corporation (“Brekford”) in the sale of 80.1% of its vehicle service business.

Pursuant to a Contribution and Unit Purchase Agreement, Brekford contributed substantially all assets and certain liabilities related to its law enforcement vehicle upfitting business to Global Public Safety, LLC (“GPS”) and sold 80.1% of the units of GPS for approximately $4 million in cash and a $2 million promissory note that will be secured by the purchaser’s GPS units. Brekford retains ownership of 19.9% of the units of GPS as a minority member.

The Sichenzia Ross Ference Kesner LLP team was led by partners Thomas Rose and David Manno.
Brekford provides state-of-the art automated traffic enforcement solutions to municipalities and other public safety agencies throughout the United States. Its services include automated speed, red light, and distracted driving camera enforcement programs. Brekford’s combination of automated traffic enforcement services with a longstanding background and foundation in public safety solutions offers a unique 360-degree solution for law enforcement agencies and municipalities.

Sichenzia Ross Ference Kesner LLP

Sichenzia Ross Ference Kesner LLP

Sichenzia Ross Ference Kesner LLP is a nationally recognized securities and corporate law firm that provides experienced representation in all matters involving the securities industry. Super Lawyers consistently recognizes our attorneys as among the highest rated securities lawyers in the nation. Our attorneys specialize in advising clients on private placements, initial (IPOs) and secondary public offerings, alternative public offerings, preparation of SEC filings and listings on major capital stock exchanges such as the NYSE (New York Stock Exchange), NASDAQ and OTC markets. In addition, our litigation and arbitration attorneys are highly skilled in representing clients from routine lawsuits to complex cases before the SEC, FINRA and other tribunals.

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