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Greystone Logistics Reports Audited Results for Corporate Year
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Accesswire
6 hours ago
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TULSA, OK / ACCESSWIRE / September 24, 2015 / Tulsa-based Greystone Logistics, Inc. (GLGI), reported sales of $22,293,922 for the year ended May 31, 2015 compared to $23,449,936 for the prior year. For the year ended May 31, 2015, the company reported net income of $609,569 compared to net income of $3,131,626 for the prior year. Net income available to common shareholders was $57,565, $0.00 per share, and $2,606,063, $0.10 per share, for the year ended May 31, 2015 and 2014, respectively.
Net income for the year ended May 31, 2014 included a tax benefit of $1,040,000 due to an adjustment to reduce the valuation allowance to fully recognize the benefits from net operating losses as a deferred tax asset while net income for the year ended May 31, 2015 included a provision for taxes of $430,763.
"The entire operating entity at Greystone is tremendously encouraged by the advances made this past corporate year," stated Warren Kruger, CEO. Kruger continued, "Our 1/2 barrel keg pallet for the beer industry has proven a success and the newly developed 1/2 and 1/4 barrel pallet is testing well and should generate revenue this corporate year. We have recently completed production of a warehouse pallet for Sutter Home Family Vineyards for their automated operation. Our new generation lighter-weight 100% recycled plastic 48x40 pallet that hits weight requirements with OSHA has been given high marks at many testing facilities in the U.S. and one significant customer has begun buying copious amounts for tests within their organization. Nestable pallet sales continue to expand and we have two new molds being fabricated at our mold maker for product lines we are adding. We have begun toll processing resin for a customer on a long term basis which will throw off a burgeoning revenue stream. One of our major clients took less product this corporate year than projected which put a damper on top line sales and our bottom line. We are continuing to broaden our base of products and customers to eliminate this type of surprise in the future. Corporately, we paid down $1.8 million in debt and have invested in plant, equipment, and our operational efficiencies to prepare ourselves for future continued success."
On July 23, 2015, the Iowa Recycling Association (the "Association") awarded the Murray J Fox Innovation Award to Greystone Manufacturing, L.L.C., the operating subsidiary of Greystone Logistics, Inc. The president of the Association stated, "the Murray J. Fox Recycling Innovation Award is considered the most prestigious of our awards! Greystone Manufacturing clearly can identify with the intent and spirit of the Award." Murray Fox is one of the founding fathers of the National Recycling Coalition (NRC), an organization dedicated to promoting recycling and is currently a Life Member and an Honorary Board Member.
What I like about B-Scada is they can sell their product to any one that sells almost anything any where in the world. Talk about a large market.
Talltree's customer, A.P. Plasman is a leading provider of Class 'A' exterior products to the North American automotive industry. They are a highly integrated, full service plastics supplier with over 900,000 square feet of plant space. They have production facilities in Windsor, Ontario and Fort Payne, Alabama and maintain a sales presence in Canada, Michigan and Japan. They approached Talltree with some specific goals:
It just seems funny to me that AB was looking into the same set up for pallets as MC , they had to have an idea that one day they would try to buy Miller. I just don't know what the result of this test is.
Almost two years ago. How much time do they need? Also it is in the loan wording ..Very frustrating.
TULSA, OK--(Marketwired - Dec 10, 2013) - Greystone Logistics, Inc. (OTCQB: GLGI) announced the company recently manufactured and shipped recycled plastic pallets to various sites in the Anheuser Busch system as part of a pallet test and product evaluation.
"Greystone is pleased that Anheuser Busch has purchased pallets to supplement their existing plastic pallet pool," stated Warren Kruger, CEO. "These pallets will be evaluated during a testing phase to ensure utilization characteristics that conform to the manufacturing and distribution processes of Anheuser Busch. The Greystone pallet design uses100% recycled plastic, has a long life cycle, can be recycled, has substantial racking strength and has the best coefficient of friction in the plastic pallet industry."
I'm having the same thoughts , my question is why did GLGI spend all that money making pallets (as Dan pointed out) if they are not at least part of this. I wonder if AB told Warren to stop the insider buying. I think it may be a long time until we find out.
I thought this was interesting.
Societe Generale’s Andrew Holland argues that Molson Coors (TAP) is the biggest winner from a potential hookup between SABMiller (SBMRY) and Anheuser Busch Inbev (BUD). He explains why:
David Jones/PA Wire/Zuma Press
Last Wednesday, SABMiller confirmed that it is in talks with ABInBev which may lead to an offer being made for SABMiller. If the bid goes through, the enlarged company (which we will refer to as ABISAB) would have to sell its 58% stake in MillerCoors, SABM’s US brewing JV with Molson Coors. Anti-trust considerations mean that combining ABI’s c.45% market share with MillerCoors’ 25% share would not be possible. If, for any reason, the 58% stake cannot be sold, we believe the entire ABI bid for SABMiller would collapse.
We believe Molson Coors to be the only credible buyer of the 58% stake in MillerCoors due to pre-existing rights and competitive positioning (which we describe overleaf). Due to this unique position, we believe Molson Coors will achieve an extremely advantageous (i.e. low) valuation of MillerCoors, given that ABI will be a forced seller. Based on our central-case assumption of an acquisition value of 9.0x 2016e EBITDA, we calculate that Molson Coors’ 2017e EPS would be enhanced by 48%, and ND/EBITDA post deal would be 4.3x. Even assuming a 13x multiple, the EPS enhancement would be c.33%.
We upgrade our rating to Buy.
I called Scottrade and thats what they told me.
On Scottrader it shows IMMTF @ .198 with no volume and yahoo shows it @ .26 volume of 735
Thanks for clearing that up for me.
IMM.V Scottrade says I can't buy this stock. How do you buy it?
I'm not sure i would buy it, but i'd like to know how to.
Also it does not go on my watch list for scottrade.
Thanks in advance
SCDA 0.24 I am not to worried about the stock price as they have plenty of cash left.
on Bloomberg radio they were saying this was expected for a long time.
I think your right they would wait until buyout is complete.
This is from your post. They are making a lot of pallets for some reason.
My fingers are crossed.
The increase in cost of sales in fiscal year 2015 compared to 2014 is principally due to the inflexible fixed costs in pallet production and development costs incurred during the last three months of fiscal year 2015 in preparation to meet the production requirements for new customers.
"
I wanted to figure out how much was spent for these new customers:
-- pallet sales total for 2015 = 21,064,335, so at 81% the cost of pallet sales was 17,062,111.
-- pallet sales total for 2014 = 22,086,768, so at 75% the cost of pallet sales was 16,565,076
So in 2015 there was an extra 497,035 spent. That's a pretty good chunk of change. Since they reference "inflexible fixed costs" it seems that about this much was spent on preparing for the new customers.
Miller up 20%
SABMiller plc ADR (SBMRY) - OTCPK - Current
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LATESTANALYSISBREAKING NEWSTRANSCRIPTSEARNINGSSTOCKTALKVIDEOS
Anheuser-Busch InBev rocks the food and beverage sector
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AB InBev - SABMiller: Potential Blockbuster Merger In The Beer Industry
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Beer stock rally with M&A on tap
SA News • Today, 9:56 AM• 2 Comments
AB InBev prepping offer for SABMiller
Is this why GLGI is making pallets for AB ?
Anheuser-Busch InBev NV said it intends to make an offer for SABMiller Plc to unite the world’s two biggest beermakers with brands including Budweiser and Peroni and create a company that would control about half the industry’s profit.
SABMiller gained as much as 24 percent, boosting its market value to about 60 billion pounds ($93 billion), and AB InBev rose as much as 12 percent. No offer has yet been made. SABMiller said it was told by AB InBev about its plans for a takeover, with AB InBev saying it wants to work with the board of SABMiller “toward a recommended transaction.”
I have used their products for 5 years and they have recently raised prices = more net income
This should be a big seller.
pH2O PUREWATER Products
Naturally enhanced alkaline drinking water for improved health and hydration
The pH2O PUREWATER filter created by Seychelle Environmental Technologies, Inc. naturally alkalizes your drinking water to support your health and bodies delicate pH balance.
Seychelle’s pH2O PUREWATER proprietary blend of media naturally:
creates pure, great-tasting alkaline drinking water
removes harmful contaminants
protects beneficial trace minerals
to improve your health and wellness.
pH2O PUREWATER potential health benefits:
Increases energy and restores pH balance
Provides better hydration and aids in detoxification
Antioxidant properties to neutralize free radicals
Slows the aging process and lowers blood pressure
Helps maintain a healthy body weight
Aids in digestion
Picture
pH2O PUREWATER 28oz Flip Top Bottle
Our pH2O PUREWATER Filtration products are currently being sold by our Priority Distributors and are not available for direct purchase from Seychelle.
WHERE TO BUY
Thanks you guys for all your posting. I was bummed that they do not yet have AB signed.
eventually scale system to monitor 200 offices.. That has to = a nice pay day.
B-Scada Provides Facility Management Solution in Africa
Tuesday, August 25, 2015
CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) has announced a recent IoT (Internet of Things) deployment in Africa. B-Scada's software is being used to monitor sensor data in an office, where the customer has deployed sensors to monitor temperature and light, as well as water detection sensors to mitigate flooding. The customer plans to eventually scale the system to monitor 200 offices. The offices will be monitored and managed remotely through web-based interfaces that provide real-time visibility of the sensor data from anywhere at any time, as well as configurable alarms that will send email alerts in the event of abnormal conditions.
Yes i'm still in.
I sold some shares back when this was over .50 and i have not sold any shares since that. I am also waiting for the news that i know will come soon. Long and strong SYEV
ACI and BTU huge pop. Just when you think coal is dead. Lol
B-Scada Group Releases Preliminary Q3 Financials – IoT Platform Sales Increasing
Thursday, August 20, 2015
Crystal River FL: B-Scada Inc. (OTC:SCDA) has released their preliminary unaudited Q3 results for the quarter ending July 31, 2015. B-Scada Inc. (B-Scada Group) includes B-Scada Inc., B-Scada Soluciones Industriales SL. and Monitor Sensing Technologies Inc. Of the reported results, some of the highlights include:
IoT Platform and Status Enterprise software sales increasing.
Numerous new systems deployed globally.
Revenue growth despite downturn in Petrochemical.
B-Scada provides software and hardware solutions for the monitoring and analysis of real time data in the SCADA (Supervisory Control and Data Acquisition) and IoT (Internet of Things) domains. B-Scada products are sold worldwide in various verticals including building automation, transportation, smart grid, manufacturing, mining and petrochemical.
Despite the impact of the price of oil, which caused a considerable decline in our consulting services income, revenue for the nine months ending July 31, 2015 was $1,463,690, an increase of 3.2% over the previous year. The sharp declines in our consulting revenues were offset by increases in revenue from our Spanish operations and our Technology Licensing. The company has been transitioning its software focus from Status Machine Edition to Status Enterprise and our IoT Platform. Commercial Software Sales were up 15% compared to the same quarter last year, Status Enterprise and IoT Platform software sales now make up the largest share of commercial software revenues. Commercial Software revenue for Q3 2015 was the best quarterly result in the past 8 quarters. We expect this trend to continue with commercial software sales increasing in 2016 due to demand growth in Status Enterprise, our IoT Platform and increases in recurring support which have started to influence revenue.
Our IoT Platform launched this spring has produced some initial customer wins including an enterprise IT management solution for one of Taiwan's leading telecommunications companies, commercial office space monitoring in Africa, and solar panels in Singapore. Status Enterprise has also had customer wins including a deployment in South America for one of the world's largest copper producers. United States deployments include monitoring irrigation systems at a public University campus and multiple deployments for commercial boilers and aqua culture. B-Scada has also established relationships with a leading hardware provider who will start bundling our software with their hardware in Q4 2015.
Our plans for 2014-2015 included establishing our IoT Platform, increasing our European presence with the opening of our subsidiary in Spain, and expanding the languages the company operates in from English only to English, Spanish and Portuguese. The opening of our Spanish branch has been a success.
Plans for 2015-2016 will be growth focused, establishing Monitor Sensing Technologies Inc. (MST) our sensor technology arm which focuses on providing low cost sensors for the residential and light commercial market. Our Status Enterprise and IoT Platform will be enhanced to include connectivity to MST sensors and basic maintenance management capabilities. This new functionality - along with our existing monitoring, notification and workflow - will result in a true predictive maintenance solution for SCADA and IoT.
As a whole, these efforts will position B-Scada as a global 'go to' company for monitoring of live data. From monitoring a hotel room or simple commercial boiler to controlling an assembly line or monitoring key point indicators for a group of power plants, B-Scada can provide end to end solutions including local or cloud based software, sensors, consulting and professional services.
Consolidated Statement of Operations (Unaudited)
About B-Scada
I doubled my shares at .05 it made me feel sick but I did it.
lol thanks for the info you post.
Your right. Thanks for clearing that up.
Another really good sale!
B-Scada Provides Web-Based Monitoring System for One of World’s Largest Metropolitan Subway Corporations
Monday, August 17, 2015
CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) has announced a new case study detailing the deployment of a web-based monitoring system for 5678 SMRT Corporation, operators of the largest and most extensive metropolitan subway system in the Republic of Korea. The systems allows SMRT's numerous operating personnel to have constant, immediate access to real-time data as it is needed, giving them an opportunity to provide the high quality service their customers have come to expect.
SMRT had an existing HMI solution in place, and needed a way to extend their current system so that no work was wasted. System integrator, SangKee, of Jeo & JongBo describes the project: "The solution had to be able to cover larger operations over many divisions, in some cases over different networks. By using B-Scada's software we were able to provide a flexible and very powerful solution to our subway engineers".
With a total of 148 stations, 5678 SMRT serves 2.7 million passengers per day with a total reach of almost 152 kilometers. SMRT stands at the core of Seoul's public transportation system and is recognized as the world's fourth largest metropolitan subway corporation. With an enormous customer base and over 6,000 employees, SMRT operates a vitally important component of metropolitan Seoul's infrastructure. Millions of people rely on SMRT's service every day, and the corporation takes great strides to remain at the forefront of rapid transit service options.
SMRT prides themselves on the implementation of state-of-the-art technology, clean environment, safe and on-time operation, along with a variety of convenience facilities for their passengers, all while keeping SMRT an industrialized, innovative, customer-oriented corporation.
Read the full case study here: http://scada.com/Content/Case_Studies/caseStudy_SMRT.pdf
I thought Buddy Johns was a hero… It turns out he's a zero.. What a dick
Argyle Security, Inc. (the “Company”) has concluded that, following publication of its 2014 Annual Report, it shall discontinue filing its interim financial statements with the OTC News and Disclosure Service. It has decided that the burden on its resources which are required to prepare and review the statements for publication outweigh the benefits of continuing to publish. The Company will continue to provide monthly and quarterly financial statements to its lenders as required by the covenants in its senior and subordinated debt facility agreements along with any regulatory agency and customer requiring such information. The Company shall endeavor to continue to publish information relating to any material changes in its business or change in any material contracts, in the event of such occurrence, with the OTC News and Disclosure Service. You may obtain information about the Company, including such interim financial statements, by making a request, which must be submitted in writing, to Matthew Kepke, Vice President, General Counsel and Corporate Secretary of Argyle Security, Inc., 12903 Delivery Drive, San Antonio, Texas, 78247.
I wonder if they can do the same for Verizon or At&t.. I can always dream.
This looks like a good sale. I wonder what the value of it is.
Leading Taiwanese Telecommunications Company to Deploy B-Scada’s Software for IT Management
Tuesday, August 4, 2015
CRYSTAL RIVER, FL: B-Scada, Inc. (OTCQB: SCDA) has announced today that their trusted partner in Taiwan, Foreshow Information, is overseeing the development and deployment of an enterprise IT management solution for one of Taiwan's leading telecommunications companies. The customer is using B-Scada's Status Enterprise software to consolidate, organize, and visualize data gathered by heterogeneous enterprise-wide IT systems. This will allow them to visualize the data in real-time through centralized dashboards customized to their needs.
Earnings out soon. I wonder why Warren is not buying this time.
Chart looks ripe for a pop. IMO
Something is coming and it's going to be good.. i can feel it.
Departure of Directors or Principal Officers; Appointment of Principal Officers
Argyle Security, Inc. (the “Company”) announced that, effective July 31, 2015, it has come to a mutual agreement with Mr. Richard Watts, Chief Financial Officer and Principal Financial Officer of the Company for him to depart after more than five years of service. As a result, Mr. Watts resigned his positions as an officer of the Company and as an officer and director of each of the Company’s subsidiaries. Mr. Watts will continue to be available to serve the Company in a consultancy role.
Further, Mr. Andrew Rogler was elected by the Board of Directors of the Company to serve as Executive Vice President of Finance, Chief Accounting Officer and Treasurer of the Company and each of its subsidiaries, filling the vacancies left by Mr. Watts. Mr. Rogler has served as Corporate Controller of the Company since 2010 and as Controller of its subsidiaries since 2007.
In addition, Mr. Matthew A. Kepke was elected to serve as a director of each of the Company’s subsidiaries, filling the vacancies left by Mr. Watts. Mr. Kepke, has served as the Company’s Vice President, General Counsel
and Corporate Secretary since 2008.
NOTICE TO THE STOCKHOLDERS OF
ARGYLE SECURITY, INC.
PURSUANT TO SECTION 228 OF THE GENERAL CORPORATION LAW OF
THE STATE OF DELAWARE
Notice is hereby given to all stockholders of Argyle Security, Inc., a Delaware corporation (the
“Company”), pursuant to Section 228(e) of the Delaware General Corporation Law (the “DGCL”) that:
Effective as of July 13, 2015, certain of the stockholders holding (i) at least a majority of the
outstanding shares of the Series B Convertible Preferred Stock, voting as a single class and not on an asconverted
basis and (ii) the holders of at least a majority of the outstanding shares of Series B Preferred
Stock and Common Stock, voting together as a single class (on an as-converted basis) of the Company,
consented by written consent in lieu of a special meeting to adopt and approve, among other things, (i) the
Fourth Amended and Restated Certificate of Incorporation, which, among other things, increased the
number of authorized shares of stock from 90,000,000 to 150,000,000 of which 120,000,000 are designated
as common stock and 30,000,000 designated as preferred stock, (ii) a Certificate of Designations,
Preferences and Rights of Series C Convertible Preferred Stock, that created the new Series C Preferred
Shares, authorized 27,000,000 Series C Preferred Shares and designated the rights, preferences, privileges
and limitations of the Series C Preferred Shares, and (iii) the issuance of up to 27,000,000 shares of Series
C Convertible Preferred Stock, a copy of which written consent is attached hereto as Exhibit A.
Dated as of July 17, 2015
ARGYLE SECURITY, INC.
By: /s/ Buddy Johns
Buddy Johns
President and Chief Executive Officer
Also getting into big box retailers........
Dick Parsons, Chief Executive Officer, announced that “We continue to receive growing interest from around the world in the water filtration and purification products we manufacture. In recent months, we have had inquiries from Turkey, Chile, Peru, Thailand, South Korea, Singapore and Malaysia for distributorships or exclusive distribution opportunities. We have concluded a distribution agreement with a company in Turkey, and anticipate that others will be added in the next couple of months.”
Mr. Parsons added that “We are coming closer to the announcement and release of two new products that will open up new distribution channels for the company. Both products will have broad domestic and
international consumer appeal, and we expect that they will be available for sale in the second quarter. Finally, we are talking to a potential distribution partner in the US who can take us into big box stores and mass-merchandisers. It could be our own brand or private label. We should know more in the next month as the negotiations continue.”
this what i'm waiting for...
Carl Palmer, President, Founder and Chairman, stated that “We are pleased to announce that we have received approval from the Ministry of Health in Japan for the sale of our 20 oz, 25 oz and 28 oz advanced portable water filtration bottles that remove chlorine, organics, in-organics, pathogens and radiological contaminants from drinking water – while enhancing pH (alkalinity) to 9.0. Also, we have under government review our drinking water pitcher which will offer the same filtering capabilities – and anticipate approval within the next 30 days.”
Mr. Palmer went on to say that “Japanese consumers have a continuing concern about radioactive elements in their drinking water and food products, primarily Cesium 137, and now, Seychelle under the Fill 2 Pure brand name, is in a prime position to capitalize on this interest and health concern as independent testing has confirmed that we remove up to 99.99% of Cesium 137 and other radioactive contaminants. We anticipate it will be another 45 days to get everything ready for market launch, and we plan, through our Joint Venture partner, to contact retail, catalog, TV, government, military and medical channels of distribution as part of our product introduction, supported with a Public Relations program. We expect that sales will begin in our second fiscal quarter.” Mr. Palmer further said that “We anticipate a very positive reaction in Japan to our product offerings, and expect that it will meaningfully increase our overall revenues and earnings in fiscal 2015.”
In China, there is more important news. Two more distributors are taking on the Fill 2 Pure brand and will be placing orders shortly. It has also been decided to start manufacturing and assembling several of our products in China to reduce costs of handling, freight, import and Customs fees. This will improve our gross profit margins, save shipping time, and enable us to expand the market more efficiently with lower retail pricing
No where to go but up… IMO
Lol Thanks
Can you tell me when the warrants expire?
They are at the lowest price ever right now however i can not find out when they expire. Hope you can help.. TIA
INTEGRATORS
Rebounding construction market driving growth in security
BY JOEL GRIFFIN ON JUN 9, 2015
bigstock Construction Of Apartment Buil 83383535 55772131f2579
The anticipated growth in the rebounding construction market is expected to be one of the primary drivers for demand of private contracted security services in the U.S., according to a new report from The Freedonia Group.
Photo credit: (Photo courtesy bigstockphoto.com/MrTwister)
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According to a report released last week by Cleveland-based market research firm The Freedonia Group, U.S. demand for private contracted security services is expected to grow 4.2 percent annually through 2019 to $66.9 billion. The report, which includes both the nonresidential and residential security markets, covers a large swath of the industry including guard services, systems integration and management, alarm monitoring, private investigations, correctional facility management, and armored transport.
While the overall forecast for the market is positive, Katherine Brink, an industry analyst for The Freedonia Group, said that when comparing this year’s study to those compiled over the past several years, growth seemed to be a bit slower that what she had originally anticipated.
“A big part of that was really tight corporate and other budgets. Even as the economy started to pick up, companies and other organizations were really leery to make major investments in things such as security,” she explained. “That was something toward the later years of the period, more in 2013 and 2014, where we started to see some loosening up (of budgets) and more demand.”
Of the sectors covered in the report, systems integration is forecast to see the greatest increase in demand from 2014 to 2019, growing at 7.3 percent annually to $2.7 billion. During that same time period, guard services are expected to grow 3.9 percent annually to $23.5 billion, while alarm monitoring is forecast to grow at 3.7 percent annually to $20.5 billion.
Brink added that anticipated growth in the rebounding construction market is also expected to have a substantial impact on the market for security services in the U.S. along with crime risks – both real and perceived.
“Going forward, we are expecting to see a lot of growth in the construction side of things and that is what we’re thinking is going to be the major driver moving forward for a large number of security services, especially as companies and other organizations begin to expand at a faster rate picking up from that slower 2009 to 2014 period and primarily from the very beginning of the period in 2009,” said Brink. “One of the major things in security, especially for services, it relies on both the end-users – whether they are commercial or consumer – their real risks from crime, as well as their perceived risks of crime. Even though crime rates have been falling, with the media a lot of people feel they are more vulnerable because there is a lot within the news and the media about events that are occurring.”
Another significant factor contributing to the market’s growth, according to Brink, is the advancement in various technologies and their increasing sophistication which not only affects the products side of the business, but also has residual implications on services.
“In some cases, particularly with guarding and in some places alarm monitoring, the more that you have sophisticated technology and technology that is able to do more or be more efficient, sometimes that works with the services – you can make a guard better or help a guard out – but sometimes it can have a detrimental effect on the demand for guarding in that maybe companies feel that, ‘Well, we have a better video surveillance system so maybe we don’t need as many guards as we previously employed,’” said Brink. “But again, as with systems integration and management and security consulting, the two (sectors) that are expected to see the fastest growth, both of those are really benefitting from how much the technology has been advancing because as the technology becomes more complex, their jobs become even more integral. Customers want to make sure their systems are interconnected and that’s where the consultants and the integrators really come into play.”
The research firm said that while the non-residential (commercial, government, industrial, institutional, etc.) market accounts for the vast majority of private security demand (74 percent in 2014); both the non-residential and residential markets are expected to see similar gains. Through 2019, demand for private security services in the non-residential market is expected to grow 4.2 percent annually to $49.5 billion, while the residential sector is expect to grow by 4 percent annually to $17.4 billion.
One area where growth has slowed is in the area of armored transport, which is expected to grow be less than 1 percent over the next five years. Brink said the reason for this stagnation is due to the increased role that e-commerce plays in the economy today and the subsequent decrease in demand for cash logistics services.
“The more that e-commerce has become important in the economy, the less that people have been relying on cash transactions,” said Brink. “It has really had an effect on the traditional armored transport side of things and there has been more growth on the ATM servicing and other non-traditional, back office-type of services.”
The evolution of smart home and smart building technology will also play a role in the industry in the years to come and it has already played a key role in the growth of alarm monitoring. From 2009 to 2014, alarm monitoring experienced an annual growth rate of 3.9 percent compared to just 0.3 percent for guard services during that same time period.
“Alarm monitoring has been seeing faster growth than guarding and will see similar growth as guarding going forward,” she said. “As the video surveillance side of things grows, it can have a negative effect on guarding demand – usually just lessening the number of guards that are needed. Alarm monitoring also does face some competition, primarily on the residential side of things where the technology has advanced as well. The technological advances, on the other hand, can be beneficial to alarm monitoring because as homes become more integrated and you’re looking at the entire home itself, alarm monitoring companies are adding on value-added services, so it’s not just alarm monitoring but more the total home-type of things.”
Looks like you and I are the only ones still buying. Buddy Johns has 3.5 million options for shares based on financial performance. He has been CEO for 1 year now
BTW i enjoyed your write up on IEHC and TIK keep up the good work.
Hey Traderfan, check out my posts on the ARGL board.
I would like to hear your opinion on the 2014 & 2015 reports.
It seems to me that sometime this year they will say the turn around is complete.
What do you think? Remember it is a true low floater.. TIA