VALLEY CENTER, Calif., June 15, 2017 /PRNewswire/ -- This month Concierge Technologies is celebrating the one-year anniversary of the acquisition of its Canadian subsidiary, Brigadier Security Systems. Brigadier became a wholly owned subsidiary of Concierge in June 2016 and is led by Chief Executive Officer, Rob Ast, head of sales and marketing Helen Perry-Raycraft and Chief Financial Officer, Nicole Robinson. Brigadier Security Systems operates from their offices in Saskatoon, Saskatchewan as well as from their offices in Regina under the trade name Elite Security. Combining the sales from both offices creates one of the largest security alarm providers in the province, and a significant player on a national scale. The Company's offices earned the number 1 and number 2 spots for the President's Award given by SecurTek for best in sales and customer service in Canada.
Founded in 1985 as primarily an alarm monitoring company, Brigadier has grown to be so much more. By offering bundled services through their relationship with Saskatchewan telecom leader SaskTel, Brigadier provides customers with security systems, alarm monitoring, access control and video surveillance. They also specialize in creating new "Smart Home" systems for residential and commercial customers, including remote access, video streaming and other interconnected services all part of the Internet-of-Things as they become available.
Since joining Concierge, Rob Ast says "Brigadier has been able to expand while the management has not been saddled with too much interference from the parent company. The most noticeable thing we have seen is on the accounting and finance side. It has been a challenge, and a benefit, to become part of a public reporting company. It forces us to be better at budgets and accounting for our expenses which, in turn, made us better managers and we're more profitable as a result. On the finance side, thanks to the Concierge balance sheet, we were able to borrow some money to buy thirteen new vehicles," offered Ast. "This allowed us to stop leasing vehicles and actually saved some money on interest we were paying. Our mobile appearance on the street is now fresh and professional. This is something I've always wanted to do and Concierge helped make it happen. They don't so much run the company, instead they are there as support. We actually enjoy the business and plan to see it continue to grow."
"When we first started Concierge, we wanted to build a community of like-minded entrepreneurs that share our own positive business building experiences in a unique and supportive way," said Nicholas Gerber, Chairman and Chief Executive Officer of Concierge. "We are proud to have joined forces with Brigadier, a company whose culture and passion for innovation and providing an excellent customer experience is similar to our own. I'd like to congratulate the team and all the employees of Brigadier and Elite on a job well done over the past year. We are on budget and profitable for 2017. As an owner, Concierge could ask for nothing more."
Concierge owns and manages a diverse family of established businesses. Each of its current subsidiaries is a leader in its niche market. Each the Concierge subsidiaries are wholly-owned in order to maximize the ability to impact long-term cash flow generation and value. From time to time Concierge provides capital for its subsidiaries or corporate guarantees securing debt, contributing to their financial and operating flexibility. Concierge utilizes the cash flows generated by its subsidiaries to invest in the long-term growth and to increase value for its shareholders.
About Concierge Technologies
Founded in 1996, Concierge Technologies, Inc. today is a global conglomerate with operating businesses in financial services, food manufacturing, and security systems. Concierge's common stock is listed as "CNCG" on the OTC QB Exchange.
This release may contain "forward-looking statements" that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, please refer to the Company's recent Securities and Exchange Commission filings, which are available at the Company's website or at www.sec.gov.
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SOURCE Concierge Technologies, Inc.