TORONTO, Jan. 4, 2013 /CNW/ - AlarmForce Industries Inc. (TSX: AF) is providing this update on the strategic review process that was
announced by the Company's Board of Directors on August 2, 2012. The
process of reviewing strategic options is being overseen by a Special
Committee of the Company's Board of Directors comprised of four
independent Directors. The Company continues to explore and evaluate a
range of strategic options with a view to enhancing shareholder value.
The Company has not set a definitive schedule to complete its process.
There can be no assurance that the strategic review process will result
in any change in the operation or ownership of the Company. AlarmForce
does not intend to make further announcements with respect to the
process until such time as it deems appropriate.
AlarmForce provides security alarm monitoring, personal emergency
response monitoring, video surveillance and related services to
residential and commercial subscribers throughout Canada and selected
centers 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, management's views and expectations,
the planned strategic review of AlarmForce's business and opportunities
and the identification, evaluation and negotiation of potential
transactions, if any. 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. In addition, there can be no
assurance that a transaction (including a sale of AlarmForce) will
result from the strategic review and if a transaction is proposed,
there can be no assurance that it will be completed as proposed or at
all. 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 not undertake 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