News:Stronghold Surpasses $750 Million Asset Protection Milestone
Stronghold Industries, Inc. (OTC:SGDS) (FWB:QGR), a Southern California-based premium intelligent home provider, today announced that its Moore Protection business unit has surpassed the $750 million (Source: Zillow.com) milestone in residential property protection.
This important milestone was achieved with its 250th installation in the Beverly Hills, Bel Air, Pacific Palisades and Malibu corridor of Southern California, one of the most affluent areas in the world. By achieving this milestone within three years, management believes that Moore Protection is the fastest growing regional security firm in this market.
This statistic is also significant because of the high margin recurring revenue streams derived from the security monitoring services provided to its clients. Because of the sophistication of these systems and 24/7/365 service offered by Moore Protection, gross profit margins for monitoring are 80-90 percent per month per client.
"We now protect over three quarters of a billion dollars in property. We have achieved this significant growth in our installed base over a relatively short period of time because of our ability to deliver world class technology and service," said Robert Perea, President of Stronghold. "We anticipate that our security numbers will continue to show strong organic growth as we pursue our overall expansion strategy."
