TSX - Trading symbol - AF
TORONTO, July 3, 2013 /CNW/ - AlarmForce Industries Inc. ("AlarmForce" or the "Company") today announced that the previously announced strategic review (August 2, 2012
and January 4, 2013) has been completed.
During the past eleven months, a special committee of the Board of
Directors of the Company (the "Board") comprised of the independent directors of AlarmForce (the "Special Committee") explored and considered available opportunities for the Company,
including a possible sale of the Company. The Special Committee has
concluded that the strategic review process did not result in a
transaction adequately reflecting the Company's value. As such, the
Board has decided to conclude the formal process and dissolve the
Special Committee. The Company will now move forward with a focus on
the Company's growth.
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.
SOURCE: Alarmforce Industries Inc.
For further information:
Investor Relations Department
Tel: (416) 445-2001 ext. 225
Fax: (416) 445-9381