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Protection One Extends its debt agreement

SSN Staff  - 
06/01/2004

TOPEKA, Kan. - Protection One, a commercial and residential security provider, has announced that it has reached an agreement with the Quadrangle Group to extend two standstill agreements in regard to the company’s debt status.

Counterforce Adds accounts to its portfolio

 - 
06/01/2004

HOUSTON - Counterforce USA, a security services provider here, has expanded its geographic reach through the acquisition of Acceptance Alarm, a Detroit-based residential alarm company.

Counterforce, a subsidiary of Chubb, acquired the assets of Acceptance Alarm at the end of March - adding approximately 400 accounts to its portfolio, for an undisclosed sum.

Securex grabs Hold of significant number of Microtec Shares

 - 
05/01/2004

ST-AUGUSTIN, Quebec - The deadline has come and gone for Securex’s offer to purchase up to 971,050 shares of Microtec Enterprises, a provider of residential and commercial security services.

The offer, which was originally open for acceptance until March 26, had been extended until April 16, according to Kevin Hooke, vice president of corporate finance at Wellington West Capital and a spokesman for Securex.

Lifestyle takes alternate approach

 - 
05/01/2004

DALLAS - Lifestyle Innovations filed its quarterly report in March - a narrative that revisits missteps the company has experienced over the past year.

In the last 12 months, the company has played a part in a number of failed transactions.

Fire at Voxcom headquarters has positive outcome

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05/01/2004

EDMONTON, Alberta - It’s not often a disaster turns into a positive situation. But for Voxcom, a provider of security services throughout Canada, a fire that ripped through the company’s headquarters last summer did just that.

Stealth Alarms offers monthly alarm contract

 - 
05/01/2004

CALGARY, Alberta - Stealth Alarms, a full-service alarm provider throughout Canada, has announced the end of long term contracts to its alarm service and the beginning of a month-to-month contract.

The program will require customers to place a down payment, which Stealth Alarm president Brad Morrison expects to be approximately $200, an administrative fee that turns into a monitoring credit after one year.

Briefs

SSN Staff  - 
05/01/2004

AlarmForce announces record first quarter earnings
TORONTO - AlarmForce, a manufacturer and installer of home alarm systems, has announced that the company’s revenues for the quarter ending Jan. 31, 2004 increased $3.

Protection One pushing forward

SSN Staff  - 
05/01/2004

After the sale, it’s business as usual for alarm company

TOPEKA, Kan. - Industry watchers have been involved in heavy speculation regarding Protection One’s Chapter 11 status, especially after Standard & Poor’s Ratings Services recently lowered the company’s credit rating to CCC-.

BBB revokes Stealth Alarm’s membership

SSN Staff  - 
04/01/2004

CALGARY, Alberta - Stealth Alarms, a security company here, has had its membership revoked by the Better Business Bureau because of complaints.

One customer said she wasn’t being protected at all.

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.

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SSN News Poll June 2015

As a follow-up on its March 2014 acquisition of Nest, Google recently received a home-security-related patent. How do you think Google’s potential move into the home security space will affect you and the industry?

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