We interrupt the asylum's broadcast to provide you with the NR noted below. I've mentioned this before, but the message bears repeating: the numbers indicate that the company turned the corner about 2 years ago. Revenue is growing nicely and earnings have stabilized in positive territory. In Q4 results, we might get a glimpse of the burglar alarm acquisition's impact on the bottom line (possibly obscured by some one time synergy-related expenses), but Q1 should tell a clearer story. In the meantime, we've had lots of positive news releases to warm up our winter.
Read this, then we'll return you to your regularly scheduled program....
Friday March 15 2013 - News Release
Mr. F.V. Ramsoondar reports
UNITED PROTECTION SECURITY GROUP INC. - CORPORATE UPDATE
United Protection Security Group Inc. has provided the following updates:
- The company has been awarded a new contract in Fox Creek, Alta., commencing mid-May, 2013. The annual contract value is approximately $700,000.
- The company announces that Greg Kurtz and Andrea John have both been appointed co-vice-presidents, electronic smart site security. This position was previously held by Ray Wilderman.
- The company announces the opening of a branch office in San Diego, Calif. This branch office will focus on residential and commercial burglar alarm monitoring. The company's Ontario-based ULC-listed alarm monitoring station will monitor all United States-based clients.
We seek Safe Harbor.
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