Protection One Inc. (PONE)

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LAWRENCE, Kan., March 13, 2009 (GLOBE NEWSWIRE) -- Protection One, Inc. (NasdaqGM:PONE - News), one of the leading providers of security monitoring services in the United States, today reported financial results for the fourth quarter and year ended December 31, 2008.

Richard Ginsburg, Protection One's president and chief executive officer, said, ``Process improvements launched earlier in 2008 paid off in the fourth quarter in the form of lower costs of monitoring. I am also pleased to report a 3% increase in EBITDA to $28.3 million on a modest increase in revenues during the fourth quarter. For 2009, we are focused on delivering growth in EBITDA and free cash flow. Though we continue to develop our commercial base and market-leading capabilities in our Wholesale segment, we recognize that changes in capital markets have raised investment hurdles for all. With almost 90% of our revenue generated from recurring revenue streams and an improved cost structure, we can afford to be even more disciplined about investing to create new recurring revenue streams. As a result, our customer acquisition costs may be lower in 2009 than in 2008.''