EDMONTON, July 8 /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 a non-binding letter of intent has
been signed with a British Columbia based Security Company ("the Target") in
which it is agreed in principle that UPSG will acquire the man guard security
operations of the Target for an undisclosed sum. It is also the understanding
and intent that a joint venture be formed to market a proprietary I.P. based
GPS linked software product developed by the principals of the Target,
specific to the security industry for tracking guard movement and activity,
which will be taken to market by the Joint Venture under a licensing agreement
with the developers.
Don Allan, COO states that this acquisition and joint venture will not
only enhance the lower main land operations of United's man guard services by
approximately 5 million dollars a year in sales, it also presents a whole new
platform for the expansion of United's initiatives in the analog and I.P.
based video surveillance and remote video monitoring area of advanced security
United Protection Security Group Inc. continues to be a major provider in
Western Canada of industrial security services.
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.
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information contained herein.
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