TORONTO, April 14 /CNW/ - AlarmForce Industries Inc. (TSX:AF) is pleased to announce that it is expanding into the State of Florida,
representing the fifth state to be included in its US operations.
Joel Matlin, President and CEO of AlarmForce, said, "The Florida
population has grown to over 18 million, which added to the over 35
million in the four States already served, gives AlarmForce a potential
market of over 53 million. Presently, AlarmForce services eight major
centers located in North Carolina, Ohio, Georgia and Minnesota. Our
current markets of Charlotte, Raleigh-Durham, Greensboro, Columbus,
Cincinnati, Cleveland, Atlanta and Minneapolis-Saint Paul will now be
joined by Tampa Bay. We intend to continue expanding in Florida over
the course of the next 24 months and believe that the expansion into
this market will significantly enhance our future earnings and growth
"Our expansion in the U.S. has established a growing base of subscriber
accounts and delivered results that are firmly on track with our plans"
said Mr. Matlin. "The company's balance sheet continues to be strong
with cash flows financing our market expansion. We will continue to
evaluate our marketing efforts in order to establish strong brand
recognition, highlighting our excellent value proposition, innovative
technology and award winning customer service. We will continue to
focus on economies of scale and leveraging our business model to
contribute to our future success through organic growth."
Mr. Matlin concluded by saying, "We are very confident that our
expansion into Florida and the resulting brand awareness will allow us
to continue our strong growth pattern for years to come."
AlarmForce provides security alarm and personal emergency response
monitoring and related services to residential and commercial
subscribers throughout Canada and selected centers across the United
States. The Company is a leading provider of two-way voice alarm
systems in Canada and sole provider of AlarmPlus, a wireless line-cut
protection system. More information about the Company's products and
services can be found at www.alarmforce.com.
SOURCE Alarmforce Industries Inc.
For further information:
Investors Relations Department
Tel: 416-445-2001 ext#225