EDMONTON, Nov. 13 /CNW/ - S. Jorstad, President and Chief Executive
Officer of United Protection Security Group Inc. ("UPSG" or "the Company"), a
Canadian based security services company, trading on the TSX Venture Exchange,
under the symbol (TSX-V: UZZ) is pleased to announce that the Company has
finalized a transaction with National Monitoring Centre International Ltd.
(NMCI) of Edmonton, Alberta to acquire its Remote Video Monitoring assets and
the rights to assume the Remote Video Monitoring of all of NMCI video
customers effective December 1, 2007. NMCI will be paid a financial
consideration involving a combination of cash and revenue sharing agreement on
monitoring revenue for one year.
The result of this additional monitoring business confirms United as the
premier supplier of Remote Video Monitoring services in Western Canada. The
new NMCI client's will substantially increase recurring revenues to United's
already established client base.
Don Allan, President and COO of United Protection Services Inc. (UPSG's
operating subsidiary) states, "We are enthusiastic about this opportunity and
pleased that NMCI chose United to acquire the rights to these customers. This
transaction demonstrates that United is committed to being the leader in the
development of this emerging technology in Western Canada. It further confirms
our long term commitment to the integration of video and other technologies to
United's expanding suite of security services. We are now well positioned to
take full advantage of the rapidly growing Remote Video Monitoring market. We
believe United's prospects for continued growth in this business segment are
excellent to be the market leader in the private security industry.
John Slater, CEO of NMCI stated, "The decision to remove NMCI from the
Remote Video Monitoring business is the result of a change in direction and
philosophy of our parent company. United was the successful bidder because of
their managements' common sense approach and commitment to ensuring a seamless
D. Allan further stated, "The spirit of cooperation between both
organizations has been great and is a major factor that will enable both
companies to expand and prosper in their respective areas of expertise."
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 of 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 13, 2007
On behalf of the Board of Directors
United Protection Security Group Inc.
For further information:
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