Argenbright exits many airports, may change name
ATLANTA-Argenbright Security left most U.S. airports in late April.
The company now intends to concentrate on providing guard services to corporate headquarters, hospitals and universities. Argenbright will also continue to provide passenger services, such as skycaps and wheelchair services, at some airports.
The company's departure from 29 airports comes from the fallout of the Sept. 11 terrorist attacks. It has led to more than 10,000 Argenbright employees losing their jobs and the company's revenues declining by a third.
The company, owned by British company Securicor since 2000, is also considering a name change.
Founder of Slomin Security dies
HICKSVILLE, N.Y.-Raymond Slomin, the founder of Slomin's Security, based here, died in late April at the age of 85.
Slomin added home security services in the 1980's, after running a heating fuel business for years. Today, the company employs 1,400 people and serves 160,000 customers in seven states.
Diversified sales dip, but job backlog up
SADDLE BROOK, N.J.-Diversified Security Solutions reported sales of $3.1 million for its first quarter, which ended March 31.
The results were down when compared with last year's first quarter results of $3.7 million. The company's net income also dipped to $39,223, compared with $173,699 from last year.
Though some numbers were down, the company reported a $13.1 million backlog of business.
"We continue to anticipate a successful year even with the first quarter sales decrease, which was primarily due to customer delays in releasing orders from existing backlog, much of which is expected to become sales during the balance of 2002," said James Henry, chairman and chief executive officer of Diversified Security.