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Briefs

SSN Staff  - 
04/01/2004

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 customer base.

Aegis relocates as home Theater demand rises

SSN Staff  - 
04/01/2004

LEESBURG, Va. - With business growth shifting to home theater systems, Aegis Technologies has moved its home base here to accommodate the addition of an audio and video showroom.

ADT’s dealer contract the focus of lawsuit

 - 
04/01/2004

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.

Tyco may soon sell Sonitrol

Changes also in the works at ADT to improve overall profitability
 - 
03/01/2004

NEW YORK - According to a company executive, Tyco International’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 Tyco’s investor meeting here.

Briefs

SSN Staff  - 
03/01/2004

Bresina to head Eagle Broadband’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 Eagle’s security division, the company’s strategic business investment and mergers and acquisitions activities, as well as assisting Eagle’s broadband customers with their financing needs.

Fire destroys A-Plus Alarm building

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03/01/2004

HINESVILLE, Ga. - Fire investigators here have continued to probe the cause of a fire that ripped through a local alarm company’s office.

Interface acquires CSSI

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03/01/2004

EARTH CITY, Mo. - Interface Security Systems LLC has completed the acquisition of Control Security Systems Inc.

Lack of licensing opens door to fraud in Colorado

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03/01/2004

DENVER - A former Parker, Colo., resident has been

indicted under a state grand jury for defrauding several area businesses and individuals of more than $100,000 in cash in connection with his failure to install security systems.

Pro One sale final

 - 
03/01/2004

TOPEKA, Kan. - The long saga of the sale of Protection One ended in mid-February, when former parent company Westar Energy finalized its sale to New York-based investment firm Quadrangle Group LLC. Quadrangle paid Westar $122 million for Protection One, which comprises more than 2,300 employees and more than a million commercial and residential customers, and all of its debt. Westar acquired the company in 1997 for $320 million. For Richard Ginsburg, president and chief executive officer of Protection One, after 14 months of rumors about the company's future, the completion of the sale is a relief.

Couple sees an opportunity, start own alarm company

 - 
03/01/2004

WINCHESTER, Va. - While working for an electrical contracting company that installed security and fire alarms on the side, husband and wife Barry and Kathleen Horton witnessed the “tremendous growth potential” in security first hand.

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Poll

SSN News Poll September 2014

Some new door-knocking scams recently prompted the Electronic Security Association to update its code of ethics to specifically ban them. Also, ADT this summer is offering up to $25,000 to whistleblowers who expose security companies that train sales teams to use deceptive selling techniques. What do you think are the best ways to combat door-to-door sales scams?

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