Safeguard Business Unit Awarded National Contract for Services
February 16 2011 - 10:07AM
Business Wire
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of
corporate, industrial and residential security solutions, announces
today that its subsidiary, SYSTEMSgroup, Inc., has been
awarded a national five year contract providing security services
to one of the nation’s largest natural gas distribution companies,
encompassing 14 states including Texas.
R. Michael Lagow, CEO for SYSTEMSgroup’s parent company,
Safeguard, stated, “We continue to expand our services in the
markets we know best, and we are excited to bring another energy
client into our customer base. Most utility operations are
considered ‘critical infrastructure’ by Homeland Security. We
specialize in these types of security deployments.” Lagow added,
“The energy vertical has been a hot spot for Safeguard. We added
over $1.6 million last year to our revenue stream in this sector
alone, and with new contract additions like this, we expect to add
an additional $2 million this year, maintaining a 10% EBITA. Our
company is firing on all cylinders right now and we have a lot of
exciting news which we will be announcing over the next few months
which will have a positive impact our future revenues and
earnings.”
About Safeguard: (www.safeguardsecurityholdings.com)
Safeguard is a fully integrated sole-source security solutions
provider offering a converged suite of physical and electronic
services through its operating subsidiaries. It provides corporate,
government and residential clients with a broad array of security
services ranging from highly trained armed and unarmed guards,
security management staffing, and security staff outsourcing, to
installation and maintenance of integrated electronic security
solutions, background investigations, video monitoring, and
specialized consulting services as may be required to support the
varying security needs of its clients. The Company is organized
along three distinct lines of business - Technical Systems,
Security Personnel and Security Outsourcing Solutions. All
operations are directed from its offices in Dallas, Texas and house
the following business subsidiaries: Acquient Security Consulting,
Inc., Premier Background Search, Inc. (PBS), SGI Protective
Services, SEARCHglobal, Inc., Secure Concepts International,
Inc., SYSTEMSgroup, Inc., SYSTEMSgroup Protective
Services, SYSTEMSgroup Technologies and SYSTEMSgroup
Global.
Forward Looking Statements:
Statements which are not historical facts contained in this
release are forward looking statements, such as “immediately
accretive” that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
competition, the results of financing efforts, changes in
consumers' preferences and trends. The words “estimate,”
“possible,” and “seeking” and similar expressions identify
forward-looking statements, which speak only to the date the
statement was made. The Company undertakes no obligation to
publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and
actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward-looking statements.
© 2011 Safeguard Security Holdings, Inc. The information herein
is subject to change without notice. Safeguard shall not be liable
for technical or editorial errors or omissions contained
herein.