Safeguard's Largest Utility Client Continues to Expand Coverage
11 minutes ago - Businesswire
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SSHS 0.0006 0.00%
As of 9:38 AM ET 5/4/10
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, SYSTEMSgroup Protective Service, continues to expand its security services for its largest utility client.
R. Michael Lagow, CEO for Safeguard, stated, "As copper prices continue to rise, our largest utility client continues to invest in mitigation technologies to secure its switchyard sites from this type of theft. We are again expanding security coverage on these types of sites for our client, and we see this trend continuing as the threat continues to rise."
Shelly Anderson, Vice President of Operations, added, "Copper theft is always a threat to a major power utility and the threat only grows more significant as the price of copper escalates."
About Safeguard: (www.safeguardsecurityholdings.com)
Safeguard is a fully integrated sole-source security solutions provider offering a converged suite of physical and electronic services through its operating subsidiaries. It provides corporate, government and residential clients with a broad array of security services ranging from highly trained armed and unarmed guards, security management staffing, and security staff outsourcing, to installation and maintenance of integrated electronic security solutions, background investigations, video monitoring, and specialized consulting services as may be required to support the varying security needs of its clients. The Company is organized along three distinct lines of business - Technical Systems, Security Personnel and Security Outsourcing Solutions. All operations are directed from its offices in Dallas, Texas and house the following business subsidiaries: Acquient Security Consulting, Inc., Premier Background Search, Inc. (PBS), SGI Protective Services, SEARCHglobal, Inc., Secure Concepts International, Inc., SYSTEMSgroup, Inc., SYSTEMSgroup Protective Services, SYSTEMSgroup Technologies and SYSTEMSgroup Global.
Forward-Looking Statements:
Statements which are not historical facts contained in this release are forward-looking statements, such as "immediately accretive" that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
(C) 2010 Safeguard Security Holdings, Inc. The information herein is subject to change without notice. Safeguard shall not be liable for technical or editorial errors or omissions contained herein.
SOURCE: Safeguard Security Holdings, Inc.
Safeguard Security Holdings, Inc.
R. Michael Lagow, 214-560-2268
michael.lagow@sshsmail.com
