After the sale, itÃ¢â‚¬â„¢s business as usual for alarm company
TOPEKA, Kan. - Industry watchers have been involved in heavy speculation regarding Protection OneÃ¢â‚¬â„¢s Chapter 11 status, especially after Standard & PoorÃ¢â‚¬â„¢s Ratings Services recently lowered the companyÃ¢â‚¬â„¢s credit rating to CCC-.
DENVER - Another lawsuit has been filed against ADT Security Systems charging that the company breached its contract with authorized dealers. The nationwide class-action lawsuit was filed on behalf of Advantek Pro, a former ADT authorized dealer.
NASHVILLE, Tenn. - In a move designed to transfer more manpower on acquisitions, ADS Security has restructured its upper management team with the promotion of Ed Pedersen to senior vice president of branch operations.
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.
NEW YORK - According to a company executive, Tyco InternationalÃ¢â‚¬â„¢s Fire & Security division may soon shed its Sonitrol alarm monitoring unit.
Tyco Fire & Security President Dave Robinson made the announcement on Wednesday during a conference call at TycoÃ¢â‚¬â„¢s investor meeting here.
Bresina to head Eagle BroadbandÃ¢â‚¬â„¢s security division
LEAGUE CITY, Texas - Eagle Broadband has hired industry veteran Don Bresina as general manager of security and financial services. In this newly created position, Bresina will be responsible for leading EagleÃ¢â‚¬â„¢s security division, the companyÃ¢â‚¬â„¢s strategic business investment and mergers and acquisitions activities, as well as assisting EagleÃ¢â‚¬â„¢s broadband customers with their financing needs.