Key Developments For NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. (NSSC.O) (Nasdaq)
NAPCO Security Systems, Inc. Announces Name Change-Stock Exchange
The Stock Exchange reported that NAPCO Security Systems, Inc. has changed its name to NAPCO Security Technologies Inc.
NAPCO Security Systems, Inc. Announces Acquisition Of Marks USA
NAPCO Security Systems, Inc. announced the acquisition of Marks USA. The purchase price for the business and substantially all of the assets was $25 million and the assumption of current liabilities. The Company funded the acquisition with a term loan from its principal lenders.
NAPCO Security Systems, Inc. Announces New Video Technologies And Services Group
NAPCO Security Systems, Inc. announced that it has created a new division to satisfy the growing demand for video-based products and systems. Tapping into the growing surveillance market segment, the NAPCO video division, called ISeeVideo, will enjoy a single management and engineering focus and will provide an expanded range of consumer friendly video and online products and services to its large and expanding dealer base.
NAPCO Security Systems, Inc. Announces $25 Million Line of Credit With HSBC Bank
NAPCO Security Systems, Inc. announced that it has obtained a commitment from HSBC Bank to increase its credit facility to $25 million. The credit facility will be used to provide funding for accretive acquisitions.
NAPCO Security Systems, Inc. Announces Share Buy Back Plan
NAPCO Security Systems, Inc. announced that its Board of Directors has authorized the repurchase of up to 1,000,000 of the approximately 20 million shares outstanding. NAPCO announced that the repurchase will be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock.
