AlarmForce pre-tax earnings up
TORONTO - AlarmForce Industries, a manufacturer and installer of home alarm systems, has announced its pre-tax earnings rose 49 percent in 2003 versus 2002.
Joel Matlin, president and chief executive officer of the Toronto-based company, attributed the positive numbers to record-breaking growth and profit levels in 2003 along with an increased customerÃ‚Â base. AlarmForce now has more than 42,500 accounts.
AlarmForce reported its EBITDA-to-revenue margin has increased each year since 2001.
CANASA changes scope, name
MARKHAM, Ontario - The Canadian Alarm and Security Association has changed its name to The Canadian Security Association, a move the group feels will better position it for the future and evolution of the security industry.
In January, the National Board of Directors approved the motion. Although the group will continue to be known as CANASA, the expanded acronym will become The Canadian Security Association.
Established in 1977, the associationÃ¢â‚¬â„¢s name change reflects the change in the security industry, which now encompasses a broader product scope.
Security owner admits stealing clientÃ¢â‚¬â„¢s identity
BRIDGEPORT, Conn. - The owner of a security company has pled guilty to federal charges of stealing a clientÃ¢â‚¬â„¢s identity.
Kenneth Moore, who owned Security Plus Associates in North Haven, Conn., installed a security system for the client in 2000 and admitted he used the customerÃ¢â‚¬â„¢s personal information to acquire credit cards. The Associated Press reported that Moore had access to the information through forms the customer had filled out.
Federal prosecutors said he charged thousands of dollars in purchases. He faces up to 15 years in prison