/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO, June 18, 2012 /CNW/ - AlarmForce Industries Inc. (TSX:AF) announced today that the Toronto Stock Exchange ("TSX") has approved
AlarmForce's Notice of Intention to Make a Normal Course Issuer Bid
(the "NCIB") to purchase for cancellation, from time to time, its
common shares (the "Shares") through the facilities of the TSX and
alternative Canadian trading platforms. AlarmForce has TSX approval to
purchase for cancellation up to a maximum of 5% of AlarmForce's issued
and outstanding Shares. As of June 15, 2012, the total number of issued
and outstanding Shares was 12,241,658 Shares. The price which
AlarmForce will pay for any Shares purchased by it will be the
prevailing market price of the Shares on the TSX or such other exchange
or marketplace, as applicable, at the time of such purchase.
The NCIB will commence on June 20, 2012 and will terminate on June 19,
2013 or such earlier time as the NCIB is completed or terminated at the
option of AlarmForce.
AlarmForce believes that, from time to time, the market price of the
Shares may not fully reflect the underlying value of the Shares and
that at such times the purchase of Shares represents attractive
investment value and would be in the best interests of AlarmForce's
shareholders. Such purchases will increase the proportionate interest
of, and may be advantageous to, all remaining shareholders.
The actual number of Shares that may be purchased and the timing of any
such purchases will be determined by AlarmForce, subject to a maximum
daily purchase limitation of 1,114 Shares which equals 25% of the
average daily trading volume of 4,456 Shares calculated in accordance
with the TSX rules, except where purchases are made in accordance with
"block purchase" exemptions under applicable TSX rules.
AlarmForce provides security alarm monitoring, personal emergency
response monitoring, video surveillance and related services to
residential and commercial subscribers throughout Canada and selected
centres across the United States. AlarmForce is a leading provider of
two-way voice alarm systems in Canada. More information about the
Company's products and services can be found at www.alarmforce.com and www.videorelay.com.
This news release may include forward-looking information including
opinions, assumptions, estimates and management's views and expectations. When used in this document, the
words "believe," "may,", "will" and similar expressions are intended to be among the statements that identify
forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and
although AlarmForce believes that the expectations represented by such forward-looking statements are
reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could
cause actual results to differ materially from those in the forward-looking statements including, but not limited to the
state of domestic capital markets, delays resulting from inability to obtain required regulatory approvals, changes in
general economic conditions and other factors more fully described from time to time in the reports and filings made by
AlarmForce with securities regulatory authorities. Readers are cautioned not to place undue reliance on forward-looking
statements, as no assurances can be given as to future results, levels of activity or achievements. Except as required
by applicable securities laws, AlarmForce does notundertake any
obligation to publicly update or revise any forward-looking statements.
SOURCE Alarmforce Industries Inc.
For further information:
Investors Relations Department
Tel: 416-445-2001 ext#225 Fax: 416-445-9381