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SSHS big news out: we are reducing our debt as we pay down certain debt items out of cash flow.




Safeguard Business Unit Continues Expansion of Services in East Texas
Safeguard Sec Hldgs (PC) (USOTC:SSHS)
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Today : Thursday 28 July 2011
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Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces continued expansion of its services through its subsidiary, SYSTEMSgroup, Inc., in east Texas with one of its largest utility clients.
SSHS huge news out


Sean Finegan, Vice President, Business Development, Safeguard, stated, “We continue to expand our service deployment throughout the state of Texas with our largest utility clients. In particular, we were recently awarded two additional projects in east Texas, considered ‘critical infrastructure’ under the guidelines of Homeland Security.” Finegan added, “Due to the sensitive nature of our business, we are limited as to the amount of information we can release to the public market and our shareholders regarding the specifics and location of these projects.”

R. Michael Lagow, CEO for Safeguard, stated, “The energy market continues to be a hot spot for us and we are in step with our projected revenue for this quarter. Our team continues to improve our overall operations and operating performance metrics, and I am pleased with our overall results.” Lagow added, “As our margins continue to improve, we are reducing our debt as we pay down certain debt items out of cash flow. We added over $1.6 million last year to our revenue stream in the energy sector alone, and with deployment of our new contracts, we expect to add an additional $2 million this fiscal year, which improves our overall contribution margins and EBITA.”