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.