Safeguard Division Expands Security Service to Residential Market
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DALLAS--(Business Wire)-- Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announced today that it has expanded its services into the extensive high-rise residential market through its SGI Protective Services division in Dallas, Texas. The business unit is expected to grow rapidly through its existing relationships with its commercial clients, which have real estate holdings in the high-rise residential market. The newly formed division specializes in guard and patrol services to the luxury high-rise residential properties located in downtown, midtown and uptown Dallas. The DFW metroplex is experiencing a tremendous amount of newly completed residential construction projects in its urban areas; and in all apartment styles including luxury high-rises, condos, townhomes, and lofts. Many properties were completed in 2009, and more properties will be completed in 2010, thus providing a substantial need for specialized security services. Safeguard`s CEO, R. Michael Lagow, stated, "Our strategic plan is to diversify our revenue base and grow our wholly owned business units organically with our existing sales staff, and through acquisitions. SGI`s new residential security division is indeed in step with our overall strategic plan and promises to bring another $1.5 million in profitable revenue to our firm in 2010. Our existing client base presented this opportunity to us, so we can`t take full credit for entering into this new market." Lagow added, "We have also expanded our SEARCHglobal division, which specializes in web-based background checks, and we will be making announcements within the next few days regarding our most recent acquisition. These two expanded service units are accretive to the Company`s overall value and supports Safeguard`s long-term development strategy." 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 and government clients with a wide range 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, and even to 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. Its operations are directed from its offices in Dallas, Texas. 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. © 2009 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. Safeguard Security Holdings, Inc. R. Michael Lagow, 214-560-2268 michael.lagow@sshsmail.com Copyright Business Wire 2009
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