United Protection Security Group Inc. - Corporate Update

(TSX - V: UZZ)

EDMONTON, Feb. 1, 2013 /CNW/ - F.V. Ramsoondar, Chief Executive Officer and Director of United Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ) announces the following update:

Pursuant to a press release dated January 15, 2013, the Company now reports that the interest payment due pursuant to the Heads of Agreement entered into by the Company, United Parking Inc. and Mr.Jorstad has now been received in full and, accordingly, the interest provisions in the Heads of Agreement are no longer in default.

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Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: United Protection Security Group Inc.