AlarmForce earnings up 50 percent in 2002
TORONTO - AlarmForce, a Canadian installer of two-way voice alarm systems, is reporting a 50 percent gain in revenues for the fiscal year ended Oct. 31, 2002.
According to company officials, net income rose by 50 percent over the previous yearÃ¢â‚¬â„¢s figure. The company also saw gains in revenue during the fiscal year, increasing 23 percent over fiscal 2001.
Additionally, the companyÃ¢â‚¬â„¢s monitored account base increased to more than 35,000 accounts.
AlarmForce also manufactures its own products.
The Pittston Company elects Grimes to board
RICHMOND, Va. - The Pittston Company, parent company of BrinkÃ¢â‚¬â„¢s Home Security, has elected Michael Grimes, president and chief executive officer of Stewart & Stevenson Services, to its board of directors.
GrimesÃ¢â‚¬â„¢ Ã¢â‚¬Å“extensive business knowledge and global management experience will complement the boardÃ¢â‚¬â„¢s expertise,Ã¢â‚¬Â said Michael Ray, Pittston president and chief executive officer.
Voxcom to issue 500,000 shares of common stock
EDMONTON, Alberta - Voxcom has gained TSX Venture Exchange approval to issue 500,000 common shares pursuant to the companyÃ¢â‚¬â„¢s authorized dealer program.
Under the terms of the dealer program, when an authorized dealer sells a subscriber contract to Voxcom, the dealer may choose to receive shares of Voxcom stock as part of its compensation.The stock is issued 13 months after the contract is sold to Voxcom, and the dealer must still be an active Voxcom dealer and the subscriber contract must still be in effect.
Brad Sparrow, Voxcom president and chief executive officer, said the stock plan Ã¢â‚¬Å“strengthens the bond between both parties as we work in unison to grow our customer base.Ã¢â‚¬Â