SAN ANTONIO, March 30, 2015 /PRNewswire/ -- Argyle
Security, Inc. (OTC Pink Sheets: ARGL.PK) ("Argyle" or the
"Company"), a service and solutions provider in the physical
detention and electronic security industry, announced today that,
effective April 1, 2015, Mr.
Sam Youngblood will resign his
position as a Director on the Board of Directors of the Company.
Mr. Youngblood notified the Board that he was stepping down to
spend more time and attention on his personal business
interests.
Mr. Youngblood was the founder and owner of ISI Detention in
1992 until its sale to Argyle in 2007. He served in a number of
management roles until his retirement in 2013. His term as a
Director is to run until Argyle's shareholder meeting in 2016.
Until a successor is appointed, the position will remain
vacant.
Commenting on the departure, Buddy
Johns, President and CEO stated, "We want to thank Sam for
all of his time and service to Argyle. He has provided counsel and
advice to me and the management team as we have executed Argyle's
new business plan under my leadership. We wish him luck in his
future endeavors."
Robert M. Davies, Chairman of the
Board and Managing Partner of MML Capital Partners, said "On behalf
of the Board of Directors and MML, we want to thank Sam for his
many years of service to Argyle. Sam grew up in the security
industry and has encyclopedic knowledge of the detention security
business which has been valuable to our Board and for Argyle since
he retired as our Chief Executive Officer two years ago. We wish
him luck in his future endeavors."
Argyle also announced that it will begin a search for a
qualified individual who can fill the vacancy left by Mr.
Youngblood's departure.
About Argyle:
Based in San Antonio, TX,
Argyle Security is a provider of services and solutions in the
physical detention and electronic security industry. Argyle is one
of the nation's largest providers of security hardware products and
service solutions, as well as a leading provider of turnkey,
electronic security and fire detection systems for use in
detention, commercial, governmental and educational facilities.
Please visit www.argylesecurity.com for additional
information.
Safe Harbor
Certain statements in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. When used in
this press release, words such as "will," "believe," "expect,"
"anticipate," "encouraged," "foresees," "forecasts," "estimates"
and similar expressions, as they relate to the company or its
management, as well as assumptions made by and information
currently available to the Company's management identify
forward-looking statements. The forward-looking statements are
subject to risks and uncertainties, including the possibility that
legal proceedings that may be instituted against the Company and/or
others relating to the changes in the board composition, the effect
of the announcement of these board changes on the Company's
customer relationships, operating results and business generally,
the risk that these board changes disrupt current plans and
operations and the potential difficulties in employee relations
resulting therefrom, and downturns in economic conditions
generally, the Company's business or the state of the corporate
credit markets. Consider these factors carefully in evaluating the
forward-looking statements. The risk factors listed in the
Company's annual and quarterly reports also provide examples of
risks, uncertainties and events that could cause actual results to
differ materially from those contained in forward-looking
statements. The forward-looking statements made herein are only
made as of the date of this press release and the Company
undertakes no obligation to publicly update such forward-looking
statements and is not responsible for changes made to this press
release for Internet or wire services.
Logo -
http://photos.prnewswire.com/prnh/20140108/DA42854LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/argyle-security-announces-departure-of-sam-youngblood-as-director-300057137.html
SOURCE Argyle Security, Inc.
