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SLP creates advisory group

 - 
07/01/2002

ST. LOUIS-SLP Capital has taken its expertise in providing due diligence services on acquisitions and recapitalizations and broken it into a separate entity, SLP Advisory Services.

Vindicator ups staff, training at HQ

 - 
07/01/2002

AUSTIN, Texas-Product manufacturer Vindicator Technologies moved to a new headquarters this spring, enabling the company to increase staffing by 20 percent and expand product training.

The new location comes at an ideal time for the growing company, said Rick Gross, president and chief executive officer of Vindicator, which has served the likes of the military, correction facilities and hospitals.

Beare resigns, Gunning named COO

SSN Staff  - 
06/01/2002

LEWISVILLE, Texas-Two years after taking over the reigns as president and chief executive officer of Ultrak, Peter Beare has stepped down and a new person has been brought in to return the camera, access control and manufacturer of other products to profitability.

Rufus Bond Gunning has been named chief operating officer of the company, which in recent years has struggled with an undervalued stock price and bringing product to market in a timely fashion.

Identix name chosen in Visionics merger deal

Office closings and some layoffs are planned once the deal is finalized this month
 - 
06/01/2002

MINNETONKA, Minn.-Visionics Corp.

ITG establishes a distribution center

SSN Staff  - 
06/01/2002

HONG KONG-Assa Abloy's Identification Technology Group (ITG) has opened a Hong Kong-based distribution center that will serve HID's customers in the Asia Pacific region.

Company officials expect the new warehousing and card processing operation will reduce shipping times and increase convenience to HID's Asia Pacific customers.

Intelli-Check retains firm KPMG

SSN Staff  - 
06/01/2002

WOODBURY, N.Y.

Ultrak secures new $15 million line of credit

 - 
06/01/2002

LEWISVILLE, Texas-Ultrak Inc. changed creditors and secured a $15 million line of credit from Frost National Bank.

Bankruptcy prompts ITS guard sale

 - 
06/01/2002

CLEVELAND-International Total Services sold its guard business to Houston company Willard M LLC, following an order from bankruptcy court.

The deal was for $4.

Lab conjures secure ceiling clips

PSU facility looking for partner to make, sell invention
 - 
06/01/2002

STATE COLLEGE, Pa.-A research laboratory at Penn State University has invented a small metal clip that will make secure an acoustic tile drop ceiling and is searching for a commercial manufacturing partner to mass produce it.

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