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Security Financing Services (SCYF).185 to Sell 10 Million Dollars Worth of Equipment and Services to Schools
Security Financing Services, Inc. (Pink Sheets:SCYF), a provider of sophisticated, IP and physical security convergence solutions, is pleased to announce an addition to our expanding list of public sector customers. The Alliance for Security in Education (ASE) is a Houston, Texas based 501c-3 non-profit corporation that develops and implements public/private partnership strategies to address problems concerning the safety and protection of students, faculty, administrators and facilities in urban, suburban and rural education communities.

By signing the exclusive three-year joint marketing agreement with SCYF the Alliance will receive $10 million lease line of credit which will be used by education facilities for the design, installation, servicing and monitoring of SCYF’s multi-site digital camera surveillance and communications systems.

The ASE/SCYF joint marketing program is aimed at providing technical solutions ASE Members which will help them to provide better security and physical location information to school administrators concerning the operation of their campuses.

“With increasing bandwidth, memory, and processor speeds, it has become easier to feel present at remote locations. Monitored video camera surveillance networks are an effective technique to protect public safety by detecting and deterring criminal activity,” states Mike Hardy, President of SCYF. “Surveillance cameras are increasingly being installed inside and outside of public buildings. Urban public school districts need to implement some form of video surveillance networks. Meaningful reductions in crimes committed on campuses have been experienced where such surveillance plans have been implemented,” he continued.

Coming on the heels of its recent announcement of its intent to acquire Nsite, LLC, a provider of Lessons Learned Technology to the Defense Department and branches of the U.S. military, the ASE joint marketing agreement provides an avenue to begin commercialization of IT and physical security convergence with the practical lessons learned applications.

Security Financing Services, Inc., a designated Honeywell Security Products dealer, is a cutting-edge technology company focused on end-to-end network solutions for customers. Solutions range from the smallest homeowner to the largest government or commercial enterprise. In addition to providing financing services to alarm dealers and integrators, SCYF also operates and manages a portfolio of alarm monitoring accounts throughout Texas and the Southeast. SCYF designs, installs and monitors digital video surveillance networks for government, industrial and commercial application.