Brekford Annual Shareholders’ Meeting Recap

Body Cameras and Photo Enforcement Services to Drive Renewed Growth in 2015

HANOVER, MD / ACCESSWIRE / June 29, 2015 / Brekford Corp. (the “Company”) (OTC: BFDI), a leading public safety technology service provider of fully integrated automated traffic safety solutions, parking enforcement citation collections and an end-to-end suite of technology equipment for public safety vehicle services, provided a mid-year status update to investors at its annual shareholders’ meeting on June 19, 2015.

Meeting Highlights

      – Multi-year contract extensions for existing automated traffic safety enforcement (“ATSE”) clients;
      – Positive initial results with first international ATSE program in Mexico, with 67,000 citations issued in first 9 weeks;
      – Major enhancements to industry leading iP360 citation management software;
      – Successful launch of solar powered wireless speed camera systems;
      – Expansion of Panasonic Arbitrator system installation capacity as police department demand for in-car and body-worn video technology continues to grow;
      – Planning efforts for Q3 rollout of Panasonic’s Arbitrator BWC (body-worn camera) program solution, including 100 camera pilot program in Maryland;
      – $650K convertible note financing to support international ATSE expansion efforts

After addressing certain administrative matters for the company, including the re-election of each of the four current members of Brekford’s Board of Directors (C.B. Brechin, Scott Rutherford, Robert West, and Gregg Smith), C.B. Brechin, Brekford’s Chief Executive Officer, provided an overview of corporate plans to increase investor communications in the coming months as the Company strives to deliver a return to profitability and sustained growth.

Rod Hillman, Brekford’s President and Chief Operating Officer, furthered the presentation with an overview of the Company’s five major focus areas for 2015 and beyond:

      1. International automated traffic safety enforcement programs
      2. United States automated traffic safety enforcement programs
      3. Body-worn camera and video evidence management programs
      4. Federal agency expansion – vehicle technology services
      5. Comparable market expansion opportunities

Management Comments

“We are very excited with Brekford’s overall progress during the past year and we are embarking on a concerted effort in the coming months to make sure more investors are aware of Brekford’s value proposition,” commented C.B. Brechin, Chief Executive Officer of Brekford Corp. “With input from existing shareholders, employees, management team members, and customers, we are wrapping up the details of a rollout plan to increase awareness of our brand, understanding of our long-term vision, and the status of our projects, business prospects, and growth opportunities. I believe that Brekford is uniquely positioned, with our longstanding history as a public safety solutions provider, to dramatically expand our market share as the demand for body-worn cameras and ATSE services continues to rise. What sets us apart from our competition is diversity of services and products. We are not exclusively a manufacturer, although we have an extensive array of intellectual property and internally developed technology. We are not exclusively a reseller, although we represent and sell products from some of the most well respected companies in the industry such as Panasonic, Trimble, and Sierra Wireless. Because of our breadth of industry relationships, innovative solutions, and diversity of products, Brekford is able to provide clients with customized solutions to solve a broad array of technical deficiencies.”

Rod Hillman, Brekford’s Chief Operating Officer, added, “We intend to capitalize on Brekford’s position within the industry by executing on the five key objectives outlined above. The recent positive trend in our financial results, coupled with expanded business development efforts, should enable us to achieve significant growth in 2015 and beyond.”

About Brekford Corp.

Brekford Corp. provides state-of-the art public safety technology and automated traffic enforcement solutions to municipalities, the U.S. military, various federal entities and other public safety agencies throughout the United States. Its services include automated speed and red light camera enforcement programs, parking enforcement citation collections and an end-to-end suite of technology and equipment for public safety vehicle upfitting. Brekford’s combination of upfitting services, cutting-edge technology, and automated traffic enforcement services offers a unique 360-degree solution for law enforcement agencies and municipalities.

The Company is headquartered in Hanover, Maryland, and its common stock is traded on the OTC Markets under the symbol “BFDI.” Additional information on Brekford can be accessed online at www.brekford.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of that term in Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “expect,” “project,” “intend,” “plan,” “believe,” “target,” “aim,” “should,” and words and terms of similar substance and any financial projections used in connection with any discussion of future plans, strategies, objectives, actions, or events identify forward-looking statements. Forward-looking statements include, among others, those concerning our expected financial performance and strategic and operational plans, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. These statements are based on the beliefs of our management as well as assumptions made by and information currently available to us and reflect our current views concerning future events. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, among many others: the risk that any projections, including earnings, revenues, expenses, synergies, margins or any other financial items that form the basis for management’s plans and assumptions are not realized; a reduction in industry profit margin; requirements or changes affecting the business in which we are engaged; our ability to successfully implement new strategies; operating hazards; competition and the loss of key personnel; changing interpretations of generally accepted accounting principles; continued compliance with government regulations; changing legislation and regulatory environments; and the general volatility of the market prices of our securities and general economic conditions. Readers are referred to the documents filed by Brekford Corp. with the SEC, specifically the Company’s most recent reports filed on Form 10-K and Forms 10-Q, which further identify important risks, trends and uncertainties which could cause actual results to differ materially from the forward-looking statements in this press release. Brekford Corp. expressly disclaims any obligation to update any forward-looking statements.

Contact:

C.B. Brechin, CEO
443-557-0200
investors@brekford.com

SOURCE: Brekford Corp.

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