United Protection Security Group Inc. - New Contracts Awarded in excess of $2.5M per year
(TSX - V: UZZ)
EDMONTON, Dec. 10, 2012 /CNW/ - F.V.Ramsoondar, President and Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ) is pleased to announce the following corporate updates:
|a.||The Company has been awarded 4 new security sites in Alberta with combined annual revenues in excess of $2M per year. The contracts are expected to continue for a period of 2 years.|
|b.||The Company has further been awarded an additional contract in Alberta to provide Mobile Response Security to a Major Canadian Charter Bank. The estimated revenue the company will generate from this contract will be in excess of $500K per year.|
The agreements are subject to the approval of the TSX-Venture Exchange.
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE United Protection Security Group Inc.