MrT11
9 years ago
Argyle Security and SteelCell Announce Strategic Relationship
(01/18/2016)
Argyle Security and SteelCell entered into a strategic manufacturing and sales relationship, extending SteelCell’s product offerings to the western U.S.
SAN ANTONIO, Texas — Argyle Security Group (“Argyle”), a service and solutions provider of detention and security electronics, hardware, materials, furnishings and products, and SteelCell of North America Inc. (“SteelCell”), a manufacturer of prefabricated modular, steel units for use in the detention facilities and other security-inclined commercial construction, have entered into a strategic manufacturing and sales relationship extending SteelCell’s product offerings to the western United States.
Argyle, based in San Antonio, will have an exclusive license to manufacture and sell SteelCell products in California, Hawaii, Oregon, Washington, Utah, Nevada, Arizona, New Mexico, Wyoming, Colorado and Montana. Argyle will manufacture the SteelCell product at its Argyle Precision fabrication location in California. SteelCell will work closely with Argyle and support the sale, engineering and manufacturing of the products to enable the high quality SteelCell products to be sold for installation across the western United States.
Buddy Johns, president and CEO of Argyle said, “This opportunity to provide SteelCell’s prefabricated product solutions to the western market is exciting. Argyle’s ability to offer SteelCell solutions to our customers will provide a significant added value by reducing construction schedule and costs while also providing a more durable and maintenance-free facility design.”
Mike Smith, president of Baldwin, Ga.-based SteelCell added, “SteelCell is very happy to have this opportunity to work with Argyle and take advantage of its unique manufacturing footprint in the western portion of the United States. We have always wanted to serve a larger market and expand the geographic reach of our products and this strategic licensing arrangement will enable us to do so.
MrT11
9 years ago
I thought Buddy Johns was a hero… It turns out he's a zero.. What a dick
Argyle Security, Inc. (the “Company”) has concluded that, following publication of its 2014 Annual Report, it shall discontinue filing its interim financial statements with the OTC News and Disclosure Service. It has decided that the burden on its resources which are required to prepare and review the statements for publication outweigh the benefits of continuing to publish. The Company will continue to provide monthly and quarterly financial statements to its lenders as required by the covenants in its senior and subordinated debt facility agreements along with any regulatory agency and customer requiring such information. The Company shall endeavor to continue to publish information relating to any material changes in its business or change in any material contracts, in the event of such occurrence, with the OTC News and Disclosure Service. You may obtain information about the Company, including such interim financial statements, by making a request, which must be submitted in writing, to Matthew Kepke, Vice President, General Counsel and Corporate Secretary of Argyle Security, Inc., 12903 Delivery Drive, San Antonio, Texas, 78247.
MrT11
9 years ago
Something is coming and it's going to be good.. i can feel it.
Departure of Directors or Principal Officers; Appointment of Principal Officers
Argyle Security, Inc. (the “Company”) announced that, effective July 31, 2015, it has come to a mutual agreement with Mr. Richard Watts, Chief Financial Officer and Principal Financial Officer of the Company for him to depart after more than five years of service. As a result, Mr. Watts resigned his positions as an officer of the Company and as an officer and director of each of the Company’s subsidiaries. Mr. Watts will continue to be available to serve the Company in a consultancy role.
Further, Mr. Andrew Rogler was elected by the Board of Directors of the Company to serve as Executive Vice President of Finance, Chief Accounting Officer and Treasurer of the Company and each of its subsidiaries, filling the vacancies left by Mr. Watts. Mr. Rogler has served as Corporate Controller of the Company since 2010 and as Controller of its subsidiaries since 2007.
In addition, Mr. Matthew A. Kepke was elected to serve as a director of each of the Company’s subsidiaries, filling the vacancies left by Mr. Watts. Mr. Kepke, has served as the Company’s Vice President, General Counsel
and Corporate Secretary since 2008.
MrT11
9 years ago
NOTICE TO THE STOCKHOLDERS OF
ARGYLE SECURITY, INC.
PURSUANT TO SECTION 228 OF THE GENERAL CORPORATION LAW OF
THE STATE OF DELAWARE
Notice is hereby given to all stockholders of Argyle Security, Inc., a Delaware corporation (the
“Company”), pursuant to Section 228(e) of the Delaware General Corporation Law (the “DGCL”) that:
Effective as of July 13, 2015, certain of the stockholders holding (i) at least a majority of the
outstanding shares of the Series B Convertible Preferred Stock, voting as a single class and not on an asconverted
basis and (ii) the holders of at least a majority of the outstanding shares of Series B Preferred
Stock and Common Stock, voting together as a single class (on an as-converted basis) of the Company,
consented by written consent in lieu of a special meeting to adopt and approve, among other things, (i) the
Fourth Amended and Restated Certificate of Incorporation, which, among other things, increased the
number of authorized shares of stock from 90,000,000 to 150,000,000 of which 120,000,000 are designated
as common stock and 30,000,000 designated as preferred stock, (ii) a Certificate of Designations,
Preferences and Rights of Series C Convertible Preferred Stock, that created the new Series C Preferred
Shares, authorized 27,000,000 Series C Preferred Shares and designated the rights, preferences, privileges
and limitations of the Series C Preferred Shares, and (iii) the issuance of up to 27,000,000 shares of Series
C Convertible Preferred Stock, a copy of which written consent is attached hereto as Exhibit A.
Dated as of July 17, 2015
ARGYLE SECURITY, INC.
By: /s/ Buddy Johns
Buddy Johns
President and Chief Executive Officer
MrT11
10 years ago
INTEGRATORS
Rebounding construction market driving growth in security
BY JOEL GRIFFIN ON JUN 9, 2015
bigstock Construction Of Apartment Buil 83383535 55772131f2579
The anticipated growth in the rebounding construction market is expected to be one of the primary drivers for demand of private contracted security services in the U.S., according to a new report from The Freedonia Group.
Photo credit: (Photo courtesy bigstockphoto.com/MrTwister)
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According to a report released last week by Cleveland-based market research firm The Freedonia Group, U.S. demand for private contracted security services is expected to grow 4.2 percent annually through 2019 to $66.9 billion. The report, which includes both the nonresidential and residential security markets, covers a large swath of the industry including guard services, systems integration and management, alarm monitoring, private investigations, correctional facility management, and armored transport.
While the overall forecast for the market is positive, Katherine Brink, an industry analyst for The Freedonia Group, said that when comparing this year’s study to those compiled over the past several years, growth seemed to be a bit slower that what she had originally anticipated.
“A big part of that was really tight corporate and other budgets. Even as the economy started to pick up, companies and other organizations were really leery to make major investments in things such as security,” she explained. “That was something toward the later years of the period, more in 2013 and 2014, where we started to see some loosening up (of budgets) and more demand.”
Of the sectors covered in the report, systems integration is forecast to see the greatest increase in demand from 2014 to 2019, growing at 7.3 percent annually to $2.7 billion. During that same time period, guard services are expected to grow 3.9 percent annually to $23.5 billion, while alarm monitoring is forecast to grow at 3.7 percent annually to $20.5 billion.
Brink added that anticipated growth in the rebounding construction market is also expected to have a substantial impact on the market for security services in the U.S. along with crime risks – both real and perceived.
“Going forward, we are expecting to see a lot of growth in the construction side of things and that is what we’re thinking is going to be the major driver moving forward for a large number of security services, especially as companies and other organizations begin to expand at a faster rate picking up from that slower 2009 to 2014 period and primarily from the very beginning of the period in 2009,” said Brink. “One of the major things in security, especially for services, it relies on both the end-users – whether they are commercial or consumer – their real risks from crime, as well as their perceived risks of crime. Even though crime rates have been falling, with the media a lot of people feel they are more vulnerable because there is a lot within the news and the media about events that are occurring.”
Another significant factor contributing to the market’s growth, according to Brink, is the advancement in various technologies and their increasing sophistication which not only affects the products side of the business, but also has residual implications on services.
“In some cases, particularly with guarding and in some places alarm monitoring, the more that you have sophisticated technology and technology that is able to do more or be more efficient, sometimes that works with the services – you can make a guard better or help a guard out – but sometimes it can have a detrimental effect on the demand for guarding in that maybe companies feel that, ‘Well, we have a better video surveillance system so maybe we don’t need as many guards as we previously employed,’” said Brink. “But again, as with systems integration and management and security consulting, the two (sectors) that are expected to see the fastest growth, both of those are really benefitting from how much the technology has been advancing because as the technology becomes more complex, their jobs become even more integral. Customers want to make sure their systems are interconnected and that’s where the consultants and the integrators really come into play.”
The research firm said that while the non-residential (commercial, government, industrial, institutional, etc.) market accounts for the vast majority of private security demand (74 percent in 2014); both the non-residential and residential markets are expected to see similar gains. Through 2019, demand for private security services in the non-residential market is expected to grow 4.2 percent annually to $49.5 billion, while the residential sector is expect to grow by 4 percent annually to $17.4 billion.
One area where growth has slowed is in the area of armored transport, which is expected to grow be less than 1 percent over the next five years. Brink said the reason for this stagnation is due to the increased role that e-commerce plays in the economy today and the subsequent decrease in demand for cash logistics services.
“The more that e-commerce has become important in the economy, the less that people have been relying on cash transactions,” said Brink. “It has really had an effect on the traditional armored transport side of things and there has been more growth on the ATM servicing and other non-traditional, back office-type of services.”
The evolution of smart home and smart building technology will also play a role in the industry in the years to come and it has already played a key role in the growth of alarm monitoring. From 2009 to 2014, alarm monitoring experienced an annual growth rate of 3.9 percent compared to just 0.3 percent for guard services during that same time period.
“Alarm monitoring has been seeing faster growth than guarding and will see similar growth as guarding going forward,” she said. “As the video surveillance side of things grows, it can have a negative effect on guarding demand – usually just lessening the number of guards that are needed. Alarm monitoring also does face some competition, primarily on the residential side of things where the technology has advanced as well. The technological advances, on the other hand, can be beneficial to alarm monitoring because as homes become more integrated and you’re looking at the entire home itself, alarm monitoring companies are adding on value-added services, so it’s not just alarm monitoring but more the total home-type of things.”
MrT11
10 years ago
From last year..
Johns seeks to transform ISI Security
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New president will focus on large construction market, nationwide build up
by:
Martha Entwistle
-
Wednesday, August 27, 2014
SAN ANTONIO—As the newly named president of ISI Security, Buddy Johns plans to lead this $70 million firm that’s known for its specialization in the corrections vertical through “a major transformation.”
In addition to changing the focus of the company, Johns is adding employees and he says revenues will increase 50 percent, from $70 million in 2014 to $110 million in 2015.
“Historically we’ve been known as a detention company that did security electronic services. Now we want to be known as a security electronics company that happens to dominate in the detention vertical,” Johns told Security Systems News.
Johns, who is also joining the ISI Board of Directors, replaced Ray Gilley. Previously, Johns served as CEO of CGL Capital Management Group and also as managing director of Real Estate for Corrections Corporation of America.
The company, which is headquartered here, has done work for more than 2,000 correctional facilities over the past 20 years, but it has many commercial customers as well, including hospitals, transportation, defense contractors and it has a growing presence in higher education campus security projects.
Johns said ISI’s strength in design, engineering, software development and R&D gives it a “platform that is stronger than most companies,” and added that he plans to “really market that strength to the overall commercial market.”
Since taking over as CEO in July, Johns has hired 18 people. By the end of September, he says he’ll hire 20 more, bringing the total headcount to 340.
The idea is to make ISI a real national player. To make that happen, Johns is adding commercial sales people and technicians to existing offices in Union City, Calif., Appleton, Wisc., and Tallahassee, Fla.
This, Johns said, will put ISI in a position to complete “several pending commercial projects.” On the detention front, Johns said that several correctional facilities will be built around the country in the next year “and we’re confident we’ll get some of them because of our relationships with owners and general contractors.”
“We’re going to be very aggressive on both the detention and larger commercial side,” he said.
ISI Security also announced that Jason Morgan, a director with MML Capital, has joined the ISI Board of Directors. ISI is publicly owned, and New York-based MML Capital is the majority owner.
MrT11
10 years ago
Argyle Security Announces Appointment of Jeff Ward as Chief Technology Officer
- Announces hiring of Cory Paterson and Diane Bruining to Business Development Team
PR Newswire Argyle Security, Inc.
17 hours ago
????
SAN ANTONIO, Jan. 9, 2015 /PRNewswire/ -- Argyle Security, Inc. (OTC Pink Sheets: ARGL.PK) ("Argyle Security" or the "Company"), a total service and integrated security solutions provider in the physical detention and electronic security industry, announced today that, effective January 1, 2015, Mr. Jeff Ward has been appointed Chief Technology Officer of Argyle Security.
View photo
.Argyle Security
Mr. Ward previously served as Chief Technology Officer of MCS Detention, formerly the detention security electronics business division of Argyle Security, where he worked closely with the Programming Department Team. Mr. Ward will now oversee all research and development for all Argyle Security business and be responsible for all integrated technology, security electronics development, programming and integration for the Company.
Mr. Ward has worked for 11 years in the security industry. Before joining MCS Detention in 2004, Jeff served at Flextronics International as Business Systems Visionary, Quintex Plastics as Production Manager, and Tri-Tec Plastics as Production Manager among others. He has extensive technical expertise in both software and hardware and is a Green Belt Six Sigma.
Commenting on his appointment, Mr. Ward stated, "I am extremely proud to have been promoted to the Chief Technology Officer for the entire business of Argyle Security. As the Company continues to grow in the security solutions market and expands upon its leading position as a detention security integrator into other markets, I look forward to working with the other members of management, our engineers, designers and research staff to grow and continue to improve both our security offerings and abilities to delivery and exceed our customers' expectation as to what solutions Argyle Security can offer in 2015 and going forward."
Buddy Johns, President and CEO, stated, "It is with tremendous pleasure that I am promoting Jeff to join the senior management team of Argyle Security. Jeff's years of experience in the security industry and experience in the detention facility construction industry will be invaluable as we look to expand Argyle's technologies into other industries and continue to expand our position as a leading security solutions contractor, both in the United States and globally. Now that we are executing our new business plan, we are able to provide exemplary service to our existing customers while also expanding our security solutions services to new customers. Allowing Jeff to lead our technology team will enable Argyle Security to provide detention-level security solutions to other non-detention, vertical markets with similar needs."
Argyle Security also announced that Mr. Cory Paterson and Ms. Diane Bruining have joined as Directors of Business Development.
Mr. Paterson has been working in the construction industry for the past 14 years. While his primary focus has been correctional and justice endeavors, he has worked on projects at all levels of government including K-12, university, local, state and federal agencies. Cory will primarily focus on sales in the Southeastern portion of the United States.
Ms. Bruining has over 20 years of experience in the construction industry with a majority of that time focused on corrections. Diane has been instrumental in building the relationships between architects, owners, and the construction team on many correctional projects across the United States. Diane will focus primarily on sales in California and the west coast of the United States.
Johns said, "The additions of Cory and Diane to Argyle Security greatly enhances our sales team and will enable us to significantly expand our sales footprint within the United States. With them on board, we will be able to implement our plan to open branch offices in Northern California and Florida in the near future."
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