United reports second consecutive quarter of record sales
For the three and nine month period ended September 30, 2007
EDMONTON, Nov. 6 /PRNewswire-FirstCall/ - S. Jorstad, Chairman, President and Chief Executive Officer of United Protection Security Group Inc. (UPSG) or the "Company", a Canadian based company, trading on the TSX Venture Exchange, under the symbol (TSX-V: UZZ), and quoted on the OTC Pinksheets under the symbol UZZFF is pleased to announce its third quarter results for the three month period ended September 30, 2007. The Company realized its highest ever quarterly revenue of $5,910,550 for the three month period ended September 30, 2007, compared to revenue of $4,171,104 for the same period in 2006, an increase of 41.7%. The Company also realized record revenue of $16,114,706 for the nine month period ended September 30, 2007, compared to revenue of $11,353,757 for the same period in 2006, an increase of 41.9%. The Company realized EBITDA of $389,191 or 6.6% for the three month period ended September 30, 2007, compared to a loss $(73,647) for the three month period ended September 30, 2006, an increase of $462,838 or 628.5%. EBITDA for the nine month period ended September 30, 2007 totaled $835,221 or 5.2% compared to loss of $(28,311) for the same period last year, an increase of $863,532 or 3,050.2%. S. Jorstad states that the strong increase in revenues is the result of aggressive marketing in the organic growth sector supported by innovative labour supply and training initiatives, improved retention, and acquisitions completed in the last quarter of 2006 and the first quarter of 2007. F. Ramsoondar, Chief Financial Officer states that it is extremely gratifying that the continued significant profitable growth in 2007 is successfully supported without the need for additional debt instruments or financing through the issuance of shares for additional working capital. He further states that he believes that the strengthened Balance Sheet strategically positions the Company for future successful growth. United Protection Security Group Inc. is fully committed to its strategy of acquiring profitable businesses and achieving organic growth through continuous investment in management. Management's focus is to continue working towards its organic budget objective of $22,729,800 for the 2007 fiscal year, and continued acquisition investments. EBITDA = earnings before interest, taxes, depreciation and amortization. About United Protection Security Group Inc. ------------------------------------------- United Protection Security Group Inc. is an established security protection company; focused on high impact, high visibility, and high risk security situations, coupled with one of the broadest ranges of traditional private security services in the industry. Delivering 21st Century Solutions to centuries old problems through a network of 'Elite Private Protection Professionals'. Pro - Active and Progressive Management has moved the company into the ranks of one of, the most dynamic security companies in Western Canada. With a strong foundation and a dedicated professional management team, we are moving forward into the next level in our development strategy. United Protection Security Group Inc. is committed to providing its clients with a "superior quality service" at a competitive price. It is further committed to providing its employees and associates with the assistance, support, and opportunity to maximize their individual potential for excellence, peak performance and personal growth. It is the Company's policy and highest priority to protect the health and welfare of all its clients and employees and their respective property. Stock Awareness Activities To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com To join the 'request for information', 'email alert' data base, go to the web page www.unitedprotection.com and click the tab 'request information' and follow the Prompts. The TSX Venture Exchange (TSX-V) has neither approved nor disapproved the information contained herein. Dated: November 6, 2007 On behalf of the Board of Directors (signed) ----------------------------------- Sig Jorstad President United Protection Security Group Inc.
SOURCE United Protection Security Group Inc.
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