Exhibit 99.1
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CONTACT:
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Steve Tuttle |
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Vice President of Communications |
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TASER International, Inc. |
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Media ONLY Hotline: (480) 444-4000 |
Michael Garnreiter Joins TASER International Board of Directors
SCOTTSDALE, Ariz., July 5, 2006 TASER International, Inc. (NASDAQ: TASR), a market leader
in advanced electronic control devices today announced that Michael Garnreiter has joined the Board
of Directors of TASER International, Inc. effective June 29, 2006. Mr. Garnreiter will serve on the
Audit Committee of the Board of Directors.
Mr. Garnreiter has over 20 years experience in the areas of accounting and finance as a certified
public accountant and most recently as chief financial officer has served as Executive Vice
President, Treasurer, and Chief Financial Officer of the Main Street Restaurant Group since April
2002. Mr. Garnreiter previously served as a general partner of the international accounting firm of
Arthur Andersen. Mr. Garnreiter began his career in public accounting with the Los Angeles office
of Arthur Andersen in 1974 after graduating with a Bachelor of Science degree in accounting from
California State University at Long Beach. In 1986, he transferred to their Tucson, Arizona office
to become its Office Managing Partner. Mr. Garnreiters career as an accounting and audit partner
spanned many different industries but focused on the entrepreneurial, public company. Mr.
Garnreiter is a Certified Public Accountant in California and Arizona and retired from Arthur
Andersen in March 2002.
We are very pleased to have Mr. Garnreiter joint our Board of Directors, said TASER International
Chairman of the Board Phil Smith. His extensive accounting, finance and audit experience will
add depth and experience to our Audit Committee and provide a resource for our accounting and
finance team, continued Smith.
About TASER International, Inc.
TASER International provides advanced electronic control devices for use in the law enforcement,
military, private security and personal defense markets. TASER devices use proprietary technology
to incapacitate dangerous, combative or high-risk subjects who pose a risk to law enforcement
officers, innocent citizens or themselves in a manner that is generally recognized as a safer
alternative to other uses of force. TASER technology saves lives every day, and the use of TASER
devices dramatically reduces injury rates for police officers and suspects. For more information on
TASER life-saving technology, please call TASER International at (800) 978-2737 or visit our
website at www.TASER.com.
Note to Investors
This press release contains forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended (the Securities Act), and Section 21E of the Securities
Exchange Act of 1934, as amended (the Exchange Act), including statements, without limitation,
regarding our expectations, beliefs, intentions or strategies regarding the future. We intend that
such forward-looking statements be subject to the safe-harbor provided by the Private Securities
Litigation Reform Act of 1995. The forward-looking information is based upon current information
and expectations regarding TASER International, Inc. These estimates and statements speak only as
of the date on which they are made, are not guarantees of future performance, and involve certain
risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and
results could materially differ from what is expressed, implied, or forecasted in such
forward-looking statements.
TASER International, Inc. assumes no obligation to update the information contained in this press
release. These statements are qualified by important factors that could cause our actual results
to differ materially from those reflected by the forward-looking statements. Such factors include
but are not limited to: (1) market acceptance of our products; (2) our ability to establish and
expand direct and indirect distribution channels; (3) our ability to attract and retain the
endorsement of key opinion-leaders in the law enforcement community; (4) the level of product
technology and price competition for our products; (5) the degree and rate of growth of the markets
in which we compete and the accompanying demand for our products; (6) risks associated with rapid
technological change and new product introductions; (7) competition; (8) litigation including
lawsuits resulting from alleged product related injuries and death; (9) media publicity concerning
allegations of deaths and injuries occurring after use of the TASER device and the negative effect
this publicity could have on our sales; (10) TASER device tests and reports; (11) product quality;
(12) implementation of manufacturing automation; (13) potential fluctuations in our quarterly
operating results; (14) financial and budgetary constraints of prospects and customers; (15) order
delays; (16) dependence upon sole and limited source suppliers; (17) negative reports concerning
TASER device uses; (18) fluctuations in component pricing; (19) government regulations and
inquiries; (20) dependence upon key employees and our ability to retain employees; (21) execution
and implementation risks of new technology; (22) ramping manufacturing production to meet demand;
(23) medical and safety studies and (24) other factors detailed in our filings with the Securities
and Exchange Commission, including, without limitation, those factors detailed in the Companys
Annual Report on Form 10-K and its Form 10-Qs.
The statements made herein are independent statements of TASER International. The inclusion of any
third parties does not represent an endorsement of any TASER International products or services by
any such third parties.
For further information visit the companys web-site at www.TASER.com for facts and
video.