Replies to post #9241 on Safeguard Security Holding (fka SSHSQ)

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Today's PR: Profitable Growth, 2 Major Contracts


Today : Monday 25 April 2011
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announced today that it has released its latest financial information to OTC Pink Sheets (www.otcmarkets.com/stock/SSHS/quote).

Jim Gang, Vice President, Finance for Safeguard, stated, “In Q1 and Q2 of 2010, our Company’s main operating subsidiaries, SYSTEMSgroup, Acquient and PBS, continued to expand services and gained market share while improving overall financial performance. Most significantly, we launched a cost reduction program, which mitigated additional operating expenses, thus improving our overall bottom line. The improved performance results are recognized in our latest financial data released last week to OTC Pink Sheets for period ending 12-31-2010, reporting Q1 and Q2 of our Company’s fiscal year ending June 30, 2011.” Gang also added, “This release removed the stop sign listed on the Pink Sheets website, replacing it with a yield sign.”

R. Michael Lagow, CEO for Safeguard, stated, “A reduction in overhead expenses improved our overall performance over the same period as compared to the previous year. As we emphasized profitable growth, we maintained solid performance that was in line with our expectations.” Lagow added, “We also made additional progress in executing our strategies to drive longer-term growth with the addition of two major contracts, without significantly increasing overhead. We are very pleased with our financial progress and our team is focused on driving our Company’s bottom line going forward.”