United Protection Security Group Inc. - Two new contracts awarded with estimated revenue in excess of $500,000 per year
EDMONTON, Jan. 29, 2013 /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:
The Company has been awarded two contracts with two separate third party agencies to provide alarm response, mobile patrols and NCR supply and support services to four Major Canadian Banking Institutions for all of their Alberta locations.
As the services are event driven, the Company's management estimates that collectively, the annual revenue will exceed $500,000 under both contracts. The contracts are open with no expiration dates.
The Company currently provides similar services through its Ontario Operations under a similar contract for one of the agencies mentioned in this release.
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.