DETROIT, July 27, 2012 /PRNewswire/ -- FutureNet Group, Inc. (FNG), an energy and environmental, construction and technology company, is pleased to announce that its subsidiary, FutureNet Security Solutions, LLC (FNSS), has completed the acquisition of substantially all of the assets of Smith & Wesson Security Solutions, Inc. (SWSS), a full-service perimeter security solutions provider. FNSS will continue to operate from Franklin, Tennessee.
"This is a big opportunity for a small business to continue serving our Federal Government and commercial clients by manufacturing U.S. products for domestic and international use," said Perry Mehta, President and CEO, FutureNet Group. FNSS's marketing strategy consists of "Protecting Infrastructure Globally." The GRAB® net barrier system, XMB®, ODDS®, SW1900, and a range of other proprietary perimeter security products will continue to be marketed by FNSS.
"SWSS has been on the cutting edge of developing new, innovative products, and FNSS will continue in that tradition," said Wesley Foss, President, FNSS, "all of which is guided by our trained and experienced staff who have proven the depth of their technical capabilities through a range of contracts."
Over the past three years, SWSS has successfully completed over $130 million in perimeter security projects at more than 110 military installations, 16 distinct federal agencies, and a range of Fortune 500 commercial clients. FNG and SWSS have collaborated on past projects, and together have completed over $11 million of turnkey security construction projects for the Federal Government, including installations at Fort Knox, Aberdeen Proving Ground, and Pensacola Naval Air Station.
Acquisition advisors included FNG's Chief Operating Officer Prafulla Pande, and Vice President of Corporate Affairs Krishal Dalal. Commenting on the purchase, Pande said, "Through this acquisition, FutureNet Group is poised for growth, job creation and the revitalization of the local economy."
About FutureNet Group, Inc. (FNG)
FNG is a Detroit, MI based company that provides customized solutions for the environment and infrastructure improvements through innovative technologies. A federal contractor, the company has more than 125 employees located in its Midwest, Southwest, Southeast and East Coast regional offices. Certifications include ISO 9001:2008; US SBA 8(a); US SBA HUBZone; several GSA Schedules, etc. In 2010, SBA Region V named FNG CEO Perry Mehta, Minority Small Business Person of the Year. For four years in a row, FNG was listed on ICIC, Inner City 100 Fastest Growing Companies program founded by Harvard Business School. In 2012 FNG also made the INC 500|5000 list of fastest growing private companies in America for the 4th time. For more information, visit www.FutureNetGroup.com, or call (313) 544-7117.
About FutureNet Security Solutions, LLC (FNSS), formerly known as Smith &Wesson Security Solutions
A subsidiary of FutureNet Group, Inc., FutureNet Security Solutions, LLC (FNSS) recently acquired substantially all of the assets of Smith & Wesson Security Solutions, Inc., a full-service perimeter security solutions provider. FNSS will continue to provide a complete range of products and services to a diverse client base in the defense, transportation and petrochemical industries, as well as corporate facilities, airports, Fortune 500 companies, national laboratories, and federal agencies. FNSS will remain in Franklin, Tennessee.
SOURCE FutureNet Group, Inc.