For the three and six month period ended June 30, 2007
EDMONTON, Aug. 28 /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 Toronto Stock Exchange -
Venture, under the symbol (TSX-V: UZZ), and quoted on the OTC Pinksheets under
the symbol UZZFF is pleased to announce its second quarter results for the
period ended June 30, 2007.
The Company realized its highest ever quarterly revenue of $5,322,985
compared to revenue of $3,640,382 for the same period in 2006 representing a
46.22% increase. The Company also realized record revenue of $10,204,156 for
the six month period ended June 30, 2007 compared to revenue of $7,182,653 for
the same period in 2006, an increase of $3,021,503 or 42.07%. 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.
The Company realized EBITDA of $308,803 or 5.8% while realizing net
income of $202,308 for its second quarter ended June 30, 2007. EBITDA for the
six month period ended June 30, 2007 totaled $446,030 compared to EBITDA for
the same period in 2006 of $45,336 representing an increase of $400,694 or
833.83%. Net income for the six month period ended June 30, 2007 totaled
$255,557 or 2.5%.
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
To find out more about United Protection Security Group Inc.
(TSX-V: UZZ), visit our website at www.unitedprotection.com.
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The Toronto Venture Exchange (TSX.V) has neither approved nor disapproved
the information contained herein.
Dated: August 28, 2007
On behalf of the Board of Directors
United Protection Security Group Inc.
For further information:
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