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United Protection Security Group Inc V.UZZ



TSXV:UZZ - Post by User

Post by brodanon Nov 13, 2007 9:21am
319 Views
Post# 13797555

Another aquisition for UZZ

Another aquisition for UZZUNITED PROTECTION SEC GR United strengthens its position on Western Canada's Remote Video Monitoring Market 11/13/2007 EDMONTON, Nov. 13, 2007 (Canada NewsWire via COMTEX News Network) -- S. Jorstad, President and Chief Executive Officer of United Protection Security Group Inc. ("UPSG" or "the Company"), a Canadian based security services company, trading on the TSX Venture Exchange, under the symbol (TSX-V: UZZ) is pleased to announce that the Company has finalized a transaction with National Monitoring Centre International Ltd. (NMCI) of Edmonton, Alberta to acquire its Remote Video Monitoring assets and the rights to assume the Remote Video Monitoring of all of NMCI video customers effective December 1, 2007. NMCI will be paid a financial consideration involving a combination of cash and revenue sharing agreement on monitoring revenue for one year. The result of this additional monitoring business confirms United as the premier supplier of Remote Video Monitoring services in Western Canada. The new NMCI client's will substantially increase recurring revenues to United's already established client base. Don Allan, President and COO of United Protection Services Inc. (UPSG's operating subsidiary) states, "We are enthusiastic about this opportunity and pleased that NMCI chose United to acquire the rights to these customers. This transaction demonstrates that United is committed to being the leader in the development of this emerging technology in Western Canada. It further confirms our long term commitment to the integration of video and other technologies to United's expanding suite of security services. We are now well positioned to take full advantage of the rapidly growing Remote Video Monitoring market. We believe United's prospects for continued growth in this business segment are excellent to be the market leader in the private security industry. John Slater, CEO of NMCI stated, "The decision to remove NMCI from the Remote Video Monitoring business is the result of a change in direction and philosophy of our parent company. United was the successful bidder because of their managements' common sense approach and commitment to ensuring a seamless transition." D. Allan further stated, "The spirit of cooperation between both organizations has been great and is a major factor that will enable both companies to expand and prosper in their respective areas of expertise." About United Protection Security Group Inc. ------------------------------------------- United Protection Security Group Inc. is an established security protection company, focused on high impact, high visibility, and high risk security situations, coupled with one of the broadest ranges of traditional private security services in the industry. Delivering 21st Century Solutions to centuries old problems through a network of 'Elite Private Protection Professionals'. Pro-Active and Progressive Management has moved the company into the ranks of one of the most dynamic security companies in Western Canada. With a strong foundation and a dedicated professional management team, we are moving forward into the next level of our development strategy. United Protection Security Group Inc. is committed to providing its clients with a "superior quality service" at a competitive price. It is further committed to providing its employees and associates with the assistance, support, and opportunity to maximize their individual potential for excellence, peak performance and personal growth. It is the Company's policy and highest priority to protect the health and welfare of all its clients and employees and their respective property. Stock Awareness Activities To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com To join the 'request for information', 'email alert' data base, go to the web page www.unitedprotection.com and click the tab 'request information' and follow the Prompts. The TSX Venture Exchange (TSX-V) has neither approved nor disapproved the information contained herein. Dated: November 13, 2007 On behalf of the Board of Directors (signed) ----------------------------------- Sig Jorstad President United Protection Security Group Inc. %SEDAR: 00010325E SOURCE: United Protection Security Group Inc. investor and media relations inquiries contact: Media and Investor Relations, MI3 Communications Financiers Inc., Mario Dorlet, (514) 904-1333; Corporate Office, (780) 465-8108, (780) 993-1703, Toll Free (877) 465-1708, iruzz@unitedprotection.com Copyright (C) 2007 CNW Group. All rights reserved.
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