FORT WORTH, Texas - Last month, City Councilors here approved a plan that restricts police response to private security alarms to homes and business that hold valid city permits.
The plan is a departure from the cityÃ¢â‚¬â„¢s verified response policy that met with sharp criticism from residents and alarm companies, who turned out in droves for a council meeting where the issue was scheduled to be voted on.
ST. LOUIS - With a dealer network and a new video monitoring and archiving service in place, Hackett Security, a 26-year-old alarm monitoring company based here, is hoping to offer its services to dealers on a nationwide basis.
DALLAS - Monitronics International has completed a $500 million refinancing of its debt facilities. The refinancing brings to more than $600 million the companyÃ¢â‚¬â„¢s total debt and equity raised since its inception in 1994.
SEATTLE - Facing budget shortfalls next year, Seattle Mayor Greg Nickels proposed a license fee for alarm monitoring companies as a means of bringing in additional revenue. Last month, the city council sent the proposal back to committee to allow for more public comment on the issue.
DALLAS - Less than a week after completing a $500 million refinancing deal, Monitronics International reported revenue increases for both its fourth quarter and fiscal year 2003, which ended on June 30.
Total revenues for 2003 increased by 14 percent to $126 million.
MIAMI - William Oertwig Jr., a 28-year veteran of the Miami-Dade Police Department and owner of Intercontinental Electronic Security Systems, an installation and monitoring company, was convicted in late August on tax evasion charges.