RE: A big one Major Aquisition.This one is going to put UZZ over the top. Can anyone make a guess at what this is going to do to the share price?....Go SIG go....
Do your due diligence
Cheers
United Protection Security Group Inc
Symbol UZZ
Shares Issued 60,753,364
Close 2008-01-28 C$ 0.33
Recent Sedar Documents
United Protection to buy security services provider
2008-01-29 07:34 ET - News Release
Mr. Sig Jorstad reports
UNITED IN NEGOTIATIONS TO EXPAND IN THE USA
United Protection Security Group Inc. has entered into a non-binding term sheet with respect to the purchase of a major security services provider based in the United States.
Final details of the proposed acquisition will be determined on completion of the formal agreement. Annual sales of the target company were just under $100,000,000 (U.S.) in 2007. The purchase price, for a controlling interest, is proposed to involve cash, shares and a vendor take-back. Cash to close is intended to be raised through a share offering led by a major investment banking firm and other investment firms by way of prospectus. Sig Jorstad, president and chief executive officer, states that this acquisition, which provides both man guard and electronic video surveillance services with multi branch offices in the United States, will provide United Protection Security Group Inc. with the link it has been looking for in the United States market, as well as greatly expand its video surveillance and monitoring operations. Closing of the transaction is targeted for March 31, 2008.
This transaction is subject to reaching agreement on the terms and conditions in a definitive purchase agreement and will require approval from the board of directors of UPSG and the TSX Venture Exchange.
We seek Safe Harbor.
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