For the three and nine month period ended September 30, 2007
EDMONTON, Nov. 6 /CNW/ - S. Jorstad, Chairman, President and Chief
Executive Officer of United Protection Security Group Inc. (UPSG) or the
"Company", a Canadian based company, trading on the TSX Venture Exchange,
under the symbol (TSX-V: UZZ), and quoted on the OTC Pinksheets under the
symbol UZZFF is pleased to announce its third quarter results for the three
month period ended September 30, 2007.
The Company realized its highest ever quarterly revenue of $5,910,550 for
the three month period ended September 30, 2007, compared to revenue of
$4,171,104 for the same period in 2006, an increase of 41.7%. The Company also
realized record revenue of $16,114,706 for the nine month period ended
September 30, 2007, compared to revenue of $11,353,757 for the same period in
2006, an increase of 41.9%.
The Company realized EBITDA of $389,191 or 6.6% for the three month
period ended September 30, 2007, compared to a loss $(73,647) for the three
month period ended September 30, 2006, an increase of $462,838 or 628.5%.
EBITDA for the nine month period ended September 30, 2007 totaled $835,221 or
5.2% compared to loss of $(28,311) for the same period last year, an increase
of $863,532 or 3,050.2%.
S. Jorstad states that the strong increase in revenues is the result of
aggressive marketing in the organic growth sector supported by innovative
labour supply and training initiatives, improved retention, and acquisitions
completed in the last quarter of 2006 and the first quarter of 2007.
F. Ramsoondar, Chief Financial Officer states that it is extremely
gratifying that the continued significant profitable growth in 2007 is
successfully supported without the need for additional debt instruments or
financing through the issuance of shares for additional working capital. He
further states that he believes that the strengthened Balance Sheet
strategically positions the Company for future successful growth.
United Protection Security Group Inc. is fully committed to its strategy
of acquiring profitable businesses and achieving organic growth through
continuous investment in management. Management's focus is to continue working
towards its organic budget objective of $22,729,800 for the 2007 fiscal year,
and continued acquisition investments.
EBITDA = earnings before interest, taxes, depreciation and amortization.
About United Protection Security Group Inc.
United Protection Security Group 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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The TSX Venture Exchange (TSX-V) has neither approved nor disapproved the
information contained herein.
Dated: November 6, 2007
On behalf of the Board of Directors
United Protection Security Group Inc.
For further information:
For further information: For further investor and media relations
inquiries contact: Media and Investor Relations, MI3 Communications Financiers
Inc., Mario Dorlet, (514) 904-1333; Corporate Office, (780) 465-8108, (780)
993-1703, Toll Free (877) 465-1708, firstname.lastname@example.org