Replies to post #1874 on TSX Venture

[BoomTime]

Hello Calgarylady,

Would you able to put myself down for TMG.V this month, if it isn't too late, if so that's okay!

[december]

United Protection posts EBITDA of $389,191 in Q3


2007-11-06 10:24 ET - News Release

Mr. Sig Jorstad reports

UNITED REPORTS SECOND CONSECUTIVE QUARTER OF RECORD SALES FOR THE THREE AND NINE MONTH PERIOD ENDED SEPTEMBER 30, 2007

United Protection Security Group Inc. (UPSG) has released its third quarter results for the three-month period ended Sept. 30, 2007.

The company realized its highest-ever quarterly revenue of $5,910,550 for the three-month period ended Sept. 30, 2007, compared with revenue of $4,171,104 for the same period in 2006, an increase of 41.7 per cent. The company also realized record revenue of $16,114,706 for the nine-month period ended Sept. 30, 2007, compared with revenue of $11,353,757 for the same period in 2006, an increase of 41.9 per cent.

The company realized EBITDA (earnings before interest, taxes, depreciation and amortization) of $389,191 or 6.6 per cent for the three-month period ended Sept. 30, 2007, compared with a loss $73,647 for the three-month period ended Sept. 30, 2006, an increase of $462,838 or 628.5 per cent. EBITDA for the nine-month period ended Sept. 30, 2007, totalled $835,221 or 5.2 per cent compared with loss of $28,311 for the same period last year, an increase of $863,532 or 3,050.2 per cent.

S. Jorstad, chairman, president and chief executive officer, states that the strong increase in revenues is the result of aggressive marketing in the organic growth sector supported by innovative labour supply and training initiatives, improved retention, and acquisitions completed in the last quarter of 2006 and the first quarter of 2007.

F. Ramsoondar, chief financial officer, states that it is extremely gratifying that the continued significant profitable growth in 2007 is successfully supported without the need for additional debt instruments or financing through the issuance of shares for additional working capital. He further states that he believes that the strengthened balance sheet strategically positions the company for future successful growth.

United Protection Security Group Inc. is fully committed to its strategy of acquiring profitable businesses and achieving organic growth through continuous investment in management. Management's focus is to continue working toward its organic budget objective of $22,729,800 for the 2007 fiscal year, and continued acquisition investments.

We seek Safe Harbor.




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