DALLAS--(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 entered into an agreement with 21st Century Armor Solutions which establishes our government division for all products and services of the company.
Sean Finegan, Vice President, Business Development, Safeguard Products & Services Group, stated, “Our government division has been in development since June of last year. Our senior team members of our newly formed division have extensive relationships with several branches of the US Government and are stationed in Washington D.C. They have a strong track record in successful sales to several government agencies and we are excited to have them aboard.”
R. Michael Lagow, CEO to SYSTEMSgroup’s parent company, stated, “Our new government division could become one of the most significant divisions within the company over the next year. They are marketing ballistic products to several agencies serving our country’s military operations, which include our armored vehicles, BR glass, composite and safe bunkers.” Lagow added, “We expect sales results of approximately $5 million annually, exhibiting a strong upward trend over the next three years of 30% per annum as our marketing efforts mature.”
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.