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Lack of licensing opens door to fraud in Colorado

 - 
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.

Per Mar expands with Feel Safe purchase

SSN Staff  - 
02/01/2004

DAVENPORT, Iowa - Alarm and security guard provider Per Mar added to its presence in the Des Moines market in December when it picked up the accounts of alarm company Feel Safe Security.

Based here, Feel Safe added less than 500 accounts to Per Mar’s portfolio, but was a solid addition to the company, according to Bill Jackson, president of Per Mar.

Voxcom marks Q3 with higher revenues, EBIDTA

SSN Staff  - 
02/01/2004

EDMONTON, Alberta - Full-service security company Voxcom ended its third quarter with increasing financial metrics in higher recurring revenues and EBIDTA, for the period ending Nov. 30, 2003.

FSS gets new chief, funding

SSN Staff  - 
02/01/2004

DALLAS - Security industry lender Financial Security Services said in late 2003 that it had partnered with a major bank for new lending opportunities for the security industry and appointed a new president and chief executive officer.

Through its new, long-term banking relationship with Bank One, FSS will be able to continue to provide “line of credit and term loan financing to independent alarm dealers,” said Jeffrey Peiper, FSS’s new president and chief executive officer.

Sweetwater marches on with purchase

 - 
02/01/2004

STAFFORD, Texas - Sweetwater Security Capital’s acquisition of approximately 1,500 monitoring accounts from DSS Security, a subsidiary of Eagle Broadband, late last year marked the fifth such deal for the firm in 14 months.

The acquisition of the accounts, which were purchased for an undisclosed amount of cash, puts Sweetwater closer to its objective of building a national security company.

Growing senior market draws ADT

Companion Services offering to serve our aging population
 - 
02/01/2004

BOCA RATON, Fla. - With more than 35 million Americans already over the age of 65 - and much of the baby boomer generation due to hit that benchmark in 2010 - ADT’s personal emergency response business is signing a host of new partnerships and is tweaking its direct to the end-user sales approach.

Protectron heads West with another acquisition

Company targets three major markets in Canada for expansion
 - 
02/01/2004

MONTREAL - National installation firm Protectron made inroads in one of its target urban markets in December when it acquired a 20-year-old alarm company to add to its base of accounts in British Columbia.

With the purchase of Valley Alarms and its 4,000 accounts, Protectron grew its subscriber base in the greater Vancouver market to more than 10,000 accounts, part of a strategic plan to boost the company’s market share in Vancouver and two other metropolitan markets in Canada - Toronto and Ottawa.

Briefs

SSN Staff  - 
02/01/2004

RS&I, SAFE partner for program

IDAHO FALLS, Idaho - RS&I, a distribution company that offers affinity programs in vertical markets, has renewed its partnership with SAFE Financial, based in San Ramon, Calif., to launch a new phase of the Alliance program.

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