EDMONTON, Jan. 7 /CNW/ - S. Jorstad, Chairman, President and Chief
Executive Officer of United Protection Security Group Inc. (UPSG), a Canadian
based company, trading on the TSX - Venture Exchange, under the symbol (TSX-V:
UZZ) is pleased to announce that the Company has signed a letter of Intent to
acquire 100% of the shares of Tri-Force Security Services Ltd of Vancouver,
BC. Tri-Force is a well established provider of stationary guard, mobile
patrol and alarm response services to the B.C. lower mainland. The transaction
involves a payment in cash; shares in UPSG and a vendor take back with closing
set for February 29, 2008.
Don Allan, President and C.O.O. of United Protection Services Inc. stated
"I am extremely pleased with the additional critical mass this transaction
will bring to United's Vancouver operation, as well as adds further depth to
the Company's management team. Allan Khan, owner and General Manager of
Tri-Force will join United Protection Services Inc. in a senior management
position with the responsibility to focus on the expansion and growth of the
combined operations in the lower mainland. Tri-Force employs approximately 100
security officers and has an excellent reputation for providing superior
customer service with excellent client retention since 1995. Budgeted sales
for 2008 are $2.2 million. Significant synergies in merging the two Vancouver
operations will contribute to United's BC region's margins and profitability.
This acquisition along with other ventures, including First Nations and
Aboriginal groups will help to position us as one of the major suppliers of
private security personnel for the 2010 Olympics."
About United Protection Security Inc.
The 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.
About Tri-Force Security Services Ltd
Tri-Force is a well established, reputable supplier of security services
to the lower mainland of B.C. employing approximately 100 security officers.
The company has an excellent focus on providing superior customer service with
outstanding client retention.
Tri-Force operates in serving a corporate customer base demanding high
levels of customer service. It has established its name and reputation in the
industry as a quality based Service Company which is proven by its many long
Stock Awareness Activities
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UZZ), visit our website at www.unitedprotection.com
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These forward-looking statements speak only as of the date on which they
are made, are not guarantees of the future and involve certain risks,
uncertainties and assumptions that can be difficult to predict. Therefore,
actual outcomes and results could materialize differently than what is implied
or forecasted in such forward-looking statements. These forward-looking
statements are based on management's current plans, estimates and projections.
The TSX Venture Exchange has neither approved nor disapproved the
information contained herein.
Dated January 8, 2008.
On behalf of the Board of Directors
United Protection Security Group Inc.
For further information:
For further information: Investor and media relations inquiries contact:
MI3 Communications Financiers Inc., Mario Dorlet, (514) 904-1333; Corporate
Office, (780) 465-8108, (780) 993-1703, Toll Free 1-877-465-1708,