Airborne Security and Protective Services, Inc. (ABPR.PK) Completes Merger and Acquisition Agreement With Quality Restaurants
June 01 2010 - 5:10PM
Marketwired
Airborne Security and Protective Services (PINKSHEETS: ABPR)
announced today that the process of merger and acquisition of
Quality is now completed with the issuance of the New Ticker for
Airborne, ABPR.PK on May 25, 2010.
In April 2010, Quality acquired Airborne pursuant to a merger
and acquisition agreement. Subsequent to the acquisition, the Board
of Quality Restaurant Ventures Inc. was replaced with a new
Airborne Board and New Officers including Jerry Deutsch as CEO and
Mati Deutsch as President.
Jerry Deutsch, CEO, noted, "Airborne is now in a position to
grow very quickly. In the coming months we will be refocusing the
company on our core strength, security. In a few months, we will
spin off the assets of Quality via a dividend distribution, into a
new separate corporate entity to be called Sorbiks, which will free
us to pursue our strategic goals."
Mr. Deutsch indicated the goals of Airborne: "Airborne plans to
become fully reporting as soon as we can get audited and we aim to
be a 50,000 hour a week full service security company."
Airborne Security & Protective Services,
Inc. ("Airborne Security"), a Florida corporation, provides
professional armed and unarmed security
services to commercial and residential
properties and companies in South Florida under state license
number B-2700095. Airborne Security's
Management team has over 30 years of collective experience in the
private contract guard services industry. The Company offers its
service offerings statewide with the strategic intent to expand
nationally. The Company also offers monitoring and
integrated services utilizing CCTV technology, and access control
systems to its clients.
This press release contains "forward-looking" statements as that
term is defined by Section 27A of the Securities Act of 1933, as
amended, (the "Securities Act") and Section 21E of the Securities
Exchange Act of 1934, as amended, (the "Exchange Act"). All
statements that are included in this press release other than
statements of historical fact are "forward-looking" statements.
Although Airborne Security and Protective Services, Inc. believes
that the expectations reflecting in these forward-looking
statements are reasonable, it can give no assurance that such
expectations will materialize. Important factors could cause actual
results to differ materially from the expectations as disclosed
herein, including without limitation, in conjunction with these
forward-looking statements contained in this press release.
Contact: Airborne Security and Protective Services, Inc. Jerry
Deutsch 305 573 0441 www.airbornesecuritycorp.net
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