NEW YORK--Traction and growth may be just around the corner for MSGI Security Solutions, operating in the United States primarily through its majority-owned subsidiary Innalogic, a developer and integrator of wireless networked security solutions. While third quarter results released in May continued a record of multi-million-dollar losses (the company had net losses totaling $7,562,046 over the past nine months, with just $1,882,335 in revenues), those results were released amid announcements of significant contracts or pending deals.
BOSTON--As Boston made national news in early June for its record rainfall, Canton, Mass.-based MAC Systems was just finishing up the installation of a Casi Secure Perfect access control system that was also outside of the norm.
BALTIMORE--In June, Easter's Lock & Access Systems, founded here in 1953, announced plans to spin off two additional companies: Easter's Access and Security Systems, to be headed by Bryan Eiser and Tony Markowski, and located in Hunt Valley, Md.; and Easter's Bank Equipment & Security, to be headed by Robert Shepherd and located in a downtown Baltimore location.
HOUSTON--Just two months after acquiring Citadel Security here, Safeguard Security Holdings has announced the establishment of SYSTEMSgroup-Houston, to be headed by new senior vice president David Suttles, formerly head of the Houston SST office. He's joined by former staff members John Kimbrell and David Chatfield.
HAMILTON, Bermuda--Ingersoll-Rand Company Limited, which operates in the security sector with its Ingersoll Rand Security Technologies division as both an integrator and manufacturer, announced this week first quarter revenues of $2.7 billion.
Clifford Franklin, president of commercial integrator Sabre Security, has a unique perspective on the War in Iraq and the War on Terror in general. With offices in New York City and London, his company operates at the twin epicenters of the war effort--and efforts by terrorists to disrupt the worldwide economy.