AlarmForce Announces Completion of Strategic Review
TSX - Trading symbol - AF
TORONTO, July 3, 2013 /CNW/ - AlarmForce Industries Inc. ("AlarmForce" or the "Company") today announced that the previously announced strategic review (August 2, 2012 and January 4, 2013) has been completed.
During the past eleven months, a special committee of the Board of Directors of the Company (the "Board") comprised of the independent directors of AlarmForce (the "Special Committee") explored and considered available opportunities for the Company, including a possible sale of the Company. The Special Committee has concluded that the strategic review process did not result in a transaction adequately reflecting the Company's value. As such, the Board has decided to conclude the formal process and dissolve the Special Committee. The Company will now move forward with a focus on the Company's growth.
AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance and related services to residential and commercial subscribers throughout Canada and selected centres across the United States. AlarmForce is a leading provider of two-way voice alarm systems in Canada. More information about the Company's products and services can be found at www.alarmforce.com and www.videorelay.com.
SOURCE Alarmforce Industries Inc.
More by this Source
AlarmForce Announces Declaration of Dividend
Oct 09, 2013, 16:30 ET
AlarmForce Announces Third Quarter 2013 Results and Appointment of New Board Member
Sep 11, 2013, 17:21 ET
AlarmForce to Release Third Quarter 2013 Financial Results on September 11, 2013
Aug 29, 2013, 13:46 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.