CALGARY, June 7 /CNW/ - S. Jorstad, Chairman, President and Chief
Executive Officer of United Protection Security Group Inc,(UPSG), a Canadian
based company, trading on the Toronto Stock Exchange - Venture, under the
symbol (TSX-V: UZZ), is pleased to announce the Company held its Annual
General Meeting May 30, 2007. The current Board of Directors was re-elected
consisting of S. Jorstad, R. Shuhany, T. Dunlop, F. Rayner, F. Fong, and C. B.
Jorstad. The firm of Hawkins, EPP Dumont Chartered Accountants were
re-approved as Auditors for the ensuing year. The Stock Option Plan of the
Company was again approved, authorizing up to 10% of the issued and
outstanding common shares of the Corporation. This allows available options on
up to 3,517,030 common shares. A motion approving the issue of a further
1,000,000 common shares to the Employee Share Purchase Plan was approved. A
total of 473,872 common shares have been issued to 34 employees to date under
the plan. The financial report and Auditor's report were presented by the CFO,
The Chairman and CEO, S. Jorstad stated in his report that 2006 was a
transition year in which major changes were made in succession planning with
the hiring of Don Allan, former Canadian President of Initial Security, to
assume the positions of President and COO of the operating subsidiary, United
Protection Services Inc., resulting in significant organizational
re-structuring and infrastructure expansion. Sales for the year increased
18.49% over the previous year. First quarter sales results in 2007 realized a
37.8% increase over the same period in 2006. Marked progress was also made in
the growth of the Automated Technology Division of the Company in the
development of its 24/7 Remote Digital Video Monitoring Centre revenue stream.
Jorstad stated further that sustained success in the future will require
the re-invention of service models that deliver a superior, elite, unmatchable
service, provided to an increasingly discerning clientele. It is his belief
such a service must come from a company wide focus, passion and dedication by
staff at all levels, especially field staff, that are motivated by incentives
and rewards involving ownership through the Employee Share Ownership Program,
which is a unique program in the security industry.
United Protection Security Group Inc. and its affiliates are committed to
being the premier provider of a full range of private security services in
Western Canada and to be a major provider of commercial and industrial
security services regionally.
About United Protection Security Inc.
United Protection Security Inc. is an established security protection
company; focused on high impact, high visibility, and high risk security
situations, coupled with one of the broadest ranges of traditional private
security services in the industry.
Delivering 21st Century Solutions to centuries old problems through a
network of 'Elite Private Protection Professionals'.
Pro - Active and Progressive Management has moved the company into the
ranks of, one of, the most dynamic security companies in Western Canada. With
a strong foundation and a dedicated professional management team, we are
moving forward into the next level in our development strategy.
United Protection Security Group Inc. is committed to providing its
clients with a "superior quality service" at a competitive price. It is
further committed to providing its employees and associates with the
assistance, support, and opportunity to maximize their individual potential
for excellence, peak performance and personal growth. It is the Company's
policy and highest priority to protect the health and welfare of all its
clients and employees and their respective property.
Stock Awareness Activities
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