United Protection Security Group Inc. - Third quarter results
(TSX - V: UZZ)
While net income was below amounts posted for Q-3 last year, I am confident that the results demonstrated for Q-3 this year sets the stage for a return to continued profitability as the Company exits 2009 and enters 2010. A strong pipeline of new contracts are entering the revenue stream going forward in Q4 and beyond, including several related to 2010 Olympic suppliers' needs", unrelated to the
F.Ramsoondar, Chief Financial Officer states "the Company posted revenue of
United Protection Security Group Inc. is fully committed to its long term strategy of investing in accretive acquisitions, and achieving organic growth through continuous investment in management and client service delivery.
(1) EBITDA = Earnings before interest, taxes, depreciation and amortization About United Protection Security 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.
Copies of the consolidated interim financial statements, related MD&A, CEO and CFO 52-109FV1 certification forms can be found on SEDAR at www.SEDAR.com.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
%SEDAR: 00010325E
For further information: For further investor and media relations inquiries contact: F.Ramsoondar, CFO, (780) 465-8101
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