Safeguard Business Unit Announces New Contract with Texas’ Largest Private Utility
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announces that its subsidiary, SYSTEMSgroup Protective Services, has entered into a five year agreement, which began Q1 2009, to provide security services for one of Texas’ largest utility companies. The utility is a market-leading competitive retailer that provides electricity and related services to more than two million Texas customers.
Safeguard’s CEO, R. Michael Lagow, stated, “The SYSTEMSgroup Protective Services division has provided services to this utility giant since January 2005, and we are delighted to be awarded a contract of this magnitude spanning five additional years of service. This brings over $32+ million in revenue to our Company." Lagow added, “Our Company continues to build its book of business with quality clients that recognize best value services for its clients. It’s what we do best!”
About Safeguard: (www.safeguardsecurityholdings.com)
Through its operating subsidiaries and divisions, Safeguard is a single source security solutions provider, integrating technical and physical security assets. The company is organized along three distinct lines of business: Technical Systems, Security Personnel and Security Outsourcing Solutions. Its operations are directed from its headquarters in Dallas, Texas, USA.
Forward-Looking Statements:
Statements which are not historical facts contained in this release are forward-looking statements, such as “immediately accretive” that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words “estimate,” “possible,” and “seeking” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward-looking statements.
© 2009 Safeguard Security Holdings, Inc. The information herein is subject to change without notice. Safeguard shall not be liable for technical or editorial errors or omissions contained herein.
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Posted by: oceanfreedom117 Date: Friday, November 06, 2009 4:39:12 PM
In reply to: bblack1 who wrote msg# 3155 Post # of 3375
Hi bblack1:
Thanks for the posting of the email from the CEO that I copied and pasted below. I believe this company is on the right track. Sounds like this expanded service for the utility company started in the 1Q 2009. We are talking some serious revenue here. I am pretty certain the utility company is TXU Energy: See Link Below Notice on the website:
"TXU Energy is the #1 Choice in Texas, providing electricity and related services to more than 2 million Texas customers"
http://www.txu.com/about/Overview.htm
The wording Matches the PR: Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announces that its subsidiary, SYSTEMSgroup Protective Services, has entered into a five year agreement, which began Q1 2009, to provide security services for one of Texas’ largest utility companies. The utility is a market-leading competitive retailer that provides electricity and related services to more than two million Texas customers
This is a huge account!!!!!!!!!!!
Email to me from SSHS CEO:
"I am on business travel this week. I wanted to take a moment and address your questions and concerns.
As you well know, I am not able to release any information about our accounts and new contracts that has yet to be published into the public market. I will tell you that we have taken meassures to secure our existing business while continueing to grow at a pace affordable to the company and business climate.
Our team is working daily to improve company profits and streamline our operations in these economic conditions.
Also, we are in the process of updating all websites and marketing information by end of Q4, 2009. All addresses, phone numbers, and contact information will be updated, along with our recent news and market data.
I will be sending a quarterly newsletter beginning January 2010 which will be posted on our newly designed websites. Updated financial data and related information will be listed via our link to Yahoo Finance.
Please feel free to contact me directly if you have further questions. I may be reached at (214) 922-9040. "
Sincerely,
R. Michael Lagow
CEO
Safeguard Security Holdings, Inc.
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RETIRED TXU ENERGY EXEC is Board Member
Safeguard Security Holding Inc. and SGI Protective Services Names Shelly Anderson as Vice President, Operations
06/10/2009
Safeguard Security Holding Inc. announced that the Board of Directors has appointed Shelly Anderson, Vice President, Operations, for its SYSTEMSgroup business unit and all operating divisions. Ms. Anderson is a retired executive of TXU with 15 years of service to the massive power utility company. During her tenure, she was appointed as Corporate Security Manager in 2005, and held that position for over three years prior to her retirement. Ms. Anderson worked with SYSTEMSgroup as her security vendor during that period and now assumes her new management role as the vendor (SYSTEMSgroup) serving her previous employer. Ms Anderson will spearhead the operations of all divisions of SYSTEMSgroup, including SYSTEMSgroup Security Resources, SYSTEMSgroup Protective Services, SGI Protective Services and its investigations and patrol divisions. |
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