TMCnet News
Safeguard Continues to See Better Than Expected Sales GrowthDALLAS --(Business Wire)-- Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate, industrial and residential security solutions, announces today that its Acquient business unit continues to expand its services with TxDOT (Texas Department of Transportation). Sean Finegan, Vice President, Safeguard Products and Services Group, stated, "Our sales staff continues to book additional business with TxDOT as well as other name brand and nationally recognized accounts. Acquient's business unit is growing rapidly and is currently performing better than its originally forecasted sales plan set in Q3, fiscal 2010/2011." Finegan added, "Current sales commitments for our Q1 exceed $1 million based on estimated bookings to close July 2011, and I am excited to see this level of sales activity during our typically slow summer season." R. Michael Lagow, CEO for Safeguard, Acquient's parent company, stated, "I am pleased to see our team's progress as the Acquient unit is excelling in its ability to capture new business. I am ecstatic to see this level of sales volume in Q1 with our technology nit." 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., Acquient Technologies, 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.
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