SSHS .0005 news out! Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its subsidiary, SYSTEMSgroup, Inc., has entered into an agreement with 21st Century Armor Solutions to design and build ballistic barrier products for the electrical distribution companies that it serves.
Max W. Cook, P.E., Vice President, Engineering for SYSTEMSgroup, stated, “We are excited to announce this new product using 21st Century’s latest ballistic composite material, designed to protect critical electrical components in public spaces, such as electrical transformers.” Cook added, “As a sole source security solutions provider, we are constantly looking for ways to mitigate risks and reduce potential loss to our client’s business operations. We anticipate this product will add over $1.5 million in new sales to our revenue stream this calendar year.”
R. Michael Lagow, CEO to SYSTEMSgroup’s parent company, stated, “Since introducing ballistic products into our product mix, we have significantly enhanced our overall service offerings to our energy clients. In the past six months alone, we have added over $2.6 million in additional contracted revenue with two major utility companies, one with a national reach, potentially doubling the size of our overall company.” Lagow added, “I see this trend of ‘up-scaled’ security continuing with the unrest in the middle-east. These types of ‘value-add’ services and products have a positive impact on our future revenues, earnings and EBITA, creating a very sticky client to us for the long term.”
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.
© 2011 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.
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