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TRIS - Tri-S Security Subsidiary Awarded $17.0 Million Contract to Provide Security Services for Statue of Liberty
May 2, 2007 - 1:15 PM EDT




Tri-S Security Corp. (NASDAQ: TRIS), a provider of security services and equipment for government and private entities, today announced its wholly-owned subsidiary, Paragon Systems, Inc. (“Paragon”), has been awarded a new contract with the U.S. Department of the Interior, National Parks Service for $17.0 million in total revenue over the five-year contract period. The contract will begin in July, 2007.

The contract requires Paragon to provide security guard services at National Park facilities located at the Statue of Liberty, Battery Park and the Ellis bridge connecting New Jersey and Ellis Island.

“We are extremely honored to be awarded this contract to provide security services for America’s most widely recognized symbol of Liberty and Freedom,” said Leslie Kaciban, Jr., president of Paragon. “We are committed to securing this very important landmark.”

“This very important and large contract makes us very proud,” said Ronald Farrell, CEO, Tri-S Security Corp. “Paragon’s management team is making significant progress as evidenced by this contract and the two new recent contracts from the FAA. We now have been awarded contracts in six consecutive quarters.”

About Tri-S Security Corp.

Based in Atlanta, GA, Tri-S Security Corp. (NASDAQ: TRIS) is a provider of security services and equipment for government and private entities. Security services include uniformed guards, electronic monitoring systems, personnel protection, access control, crowd control and the prevention of sabotage, terrorist and criminal activities. As a leading aggregator of elite security companies, Tri-S Security is designed to build a strong enterprise in which to service a unique customer base that ensures America’s safety at home and work. Tri-S Security assumes responsibility for the marketing, infrastructure and overall operational performance for its subsidiaries. Tri-S Security’s management leverages highly trained government officers, experienced industry leaders, proven financial executives and infrastructure experts to consolidate the fragmented security industry into one efficient and effective security force.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Federal securities laws. Forward-looking statements are commonly identified by such terms and phrases as “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “projects” and other terms with similar meaning indicating potential impact on our business. Although we believe that the assumptions upon which such forward looking statements are based are reasonable, we can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from our projections and expectations are disclosed in our filings with the Securities and Exchange Commission, including the “Risk Factors” section set forth in our Annual Report on Form 10-K for the year ended December 31, 2005. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to their underlying assumptions. We do not undertake to publicly update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commissions by visiting http://www.sec.gov.

Corporate Communications
Kevin Inda, 407-566-1180
[e-mail]



Source: Business Wire (May 2, 2007 - 1:15 PM EDT)

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