DEVC Devcon Intl Corp (MM)

BOCA RATON, Fla., Jan. 9 /PRNewswire-FirstCall/ -- Devcon International Corp. (NASDAQ:DEVC) today announced a workforce reduction of 42 positions in its wholly owned electronic security services subsidiary, Devcon Security Services. The approximate eight percent staff decrease resulted from the completion of the Company's integration of recent acquisition's operations into its back office platform. Management expects to realize savings of approximately $1.2 million in annual payroll and benefits in connection with these measures. Robert C. Farenhem, President, commented, "The completion of our consolidation positions Devcon to operate more efficiently while continuing to serve our customers and build our business." About Devcon Devcon International's wholly-owned subsidiary, Devcon Security (http://www.devcon-security.com/), is a leading provider of installation, monitoring and related electronic security services, currently serving more than 140,000 commercial and residential customers in Florida, New York City and Staten Island. Since February, 2005, Devcon has made 3 significant acquisitions of full-service electronic security services companies with significant concentrations throughout Florida and the New York Metropolitan region. Currently, Devcon Security Services Corp. is the second largest security monitoring and alarm company in Florida and the eleventh largest in the U.S. Forward-Looking Statements This press release may contain statements, which are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of Devcon's future results of operations, financial position or state other forward-looking information. In some cases you can identify these statements by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. You should not rely on forward-looking statements because Devcon's actual results may differ materially from those indicated by these forward-looking statements as a result of a number of important factors. These factors include, but are not limited to: general economic and business conditions; our business strategy for expanding our presence in our industry; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and future regulations effecting our business, and other risks and uncertainties discussed under the heading "Item 1A - Risk Factors" in Devcon's Annual Report on Form 10-K for the period ended December 31, 2006 as filed with the Securities and Exchange Commission, and other reports Devcon files from time to time with the Securities and Exchange Commission. Devcon does not intend to and undertakes no duty to update the information contained in this press release. DATASOURCE: Devcon International Corp. CONTACT: Marilynn Meek of Financial Relations Board for Devcon International Corp., +1-212-827-3773, Web site: http://www.devcon-security.com/

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