Archive: February 2004
Napco reclaims ticker symbol following NASDAQ compliance
February 26, 2004SSN Staff
February 26, 2004
AMITYVILLE, N.Y. - Security product manufacturer Napco Security Systems has ironed out its non-compliance issues with the NASDAQ Stock Market and this week saw its NSSC ticker symbol restored.
Last year Napco faced delisting from NASDAQ after it delayed filing its 10-K with the Securities and Exchange Commission for its fiscal year ending June 30, 2003, due to international tax issues. The company requested a hearing to review the matter, a move that automatically stayed the...
Kansas City punishes property owners for false alarms
February 26, 2004Rhianna Daniels
February 26, 2004
KANSAS CITY, Kan. - Most habitual speeding offenders eventually find that the fast lane leads to high fines and court appearances.
Property owners here are facing similar consequences for failing to pay fines associated with false alarms.
Five individuals appeared in municipal court in mid-February to answer charges for failing to pay fines the city charged in conjunction with false alarms. Three of the accused homeowners were convicted, while two pleaded not guilty. City officials...
Vicon’s earnings are moving up
February 26, 2004SSN Staff
February 26, 2004
HAUPPAUGE, N.Y. - Driven by heightened demand for the company’s digital video merchandise, Vicon Industries, a manufacturer of video security and surveillance systems, has reported a 19 percent increase in net sales for the first quarter.
Net sales amounted to $14.3 million compared with $12 million in the previous fiscal year period. Net income was $122,000, while the prior year’s quarter had a net loss of $2.1 million, which included a goodwill...
Securicor, Group 4 Falck reach merger agreement
February 26, 2004Chelsie Woods
February 26, 2004
LONDON - After weeks of talks and speculation among security analysts, Securicor and Group 4 Falck announced this week plans to merge their security businesses.
The merger would create one of the world’s largest security companies, second only to Securitas with an estimated $7 billion in sales. The newly created company would be known as Group 4 Securicor and employ 340,000 people in 108 countries.
Before the deal can move forward, Group 4 Falck needs to spin-off its...
Bresina to head Eagle Broadband’s security division
February 19, 2004SSN Staff
February 19, 2004
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.
Bresina said he joined Eagle because...
Tyco may soon sell Sonitrol
February 19, 2004Derek Rice
February 19, 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. Robinson said the company is in talks with potential buyers for the unit and that a sale may close soon, but he did not identify Sonitrol’s suitors.
While business is good at Sontitrol,...
ABC ends relationship with Broady
February 19, 2004SSN Staff
February 19, 2004
LEWISVILLE, Texas - American Building Control’s on again, off again relationship with its former chief executive officer and chairman is apparently off again.
The company formerly known as Ultrak announced in late January that it has severed ties with its former executive George Broady and settled an outstanding severance package.
It remains unclear why the relationship ended. Danny Mills, the current chief executive officer and president of American Building...
Protection One sale final
February 19, 2004Derek Rice
February 19, 2004
TOPEKA, Kan. - The long saga of the sale of Protection One ended Tuesday, when former parent company Westar Energy transferred finalized its sale to New York-based investment firm Quadrangle Group LLC.
Last Friday, the deal cleared a major hurdle when the Kansas Corporation Commission issued an order approving the sale transactions.
Quadrangle paid Westar $122 million for Protection One and all of its debt. The company acquired Protection One in 1997 for $320 million.
For...
Gov. Pataki delivers grant to Rapid Response
February 12, 2004Derek Rice
February 12, 2004
SYRACUSE, N.Y. - New York Gov. George Pataki singled out Rapid Response Monitoring Services as a bright spot for job creation in an area of the state that has been hard-hit by bad news on the job front of late.
Rapid Response, which already employs hundreds of people in the Syracuse area, has announced plans to hire up to 200 more people in its new office within the next few years. The company, which flirted with moving its operations out of the state, decided instead to centralize...
Any day now Protection One sale could get the go-ahead
February 12, 2004Chelsie Woods
February 12, 2004
TOPEKA, Kan. - Westar Energy could hear within a matter of days whether utility regulators will give the green light to move forward on its sale of Protection One to a New York-based investment company.
Last week staff for the Kansas Corporation Commission recommended approval of the sale in a report filed with the commission. It is now up the utility’s three commissioners to issue their decision, with an expectation that one could come before the middle of...