Airborne Security and Protective Services, Inc. (ABPR.PK) Completes the First of Several Acquisitions in 2010 Thru 2011
December 06 2010 - 4:16PM
Marketwired
Airborne Security and Protective Services (PINKSHEETS: ABPR)
announced today that it is well on track to more than double its
annualized gross revenues in 2011. For fiscal year ended Sept 30,
2010, Airborne Security grossed about $1,100,000 in revenues.
Current billings since September 30,2010, are in excess of 180,000
per month.
Airborne has acquired all the assets of Miami-based Global Trust Security, which employs over 50 highly
trained professionals, the majority of which are former law
enforcement officers and military personnel. Global Trust has term
contracts which generate nearly $960,000 in annual revenues to the
Company. Global also operates a specialized Marine Patrol Division
that protects a private island on Miami Beach. Currently that
Management is planning to expand its Marine unit to cover marinas,
and expanding to include a scope of additional services including a
"marine alarm armed response unit."
Jerry Deutsch, CEO, noted, "Airborne has embarked on an
aggressive plan to acquire numerous small security services firms
having either unique expertise or market niches, or both. This is
in line with our strategic objectives and we believe this approach
will enable up to get to our stated objective of 50,000 billable
hours per week within the next 18 months. We have a number of other
acquisitions which will be announced after they are completed in
the next several weeks."
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. believe
that the expectations reflected 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 954 362 4769 www.airbornesecuritycorp.net
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