Paragon Awarded Department of Defense Contract
General
Posted: Apr 20, 2006
Company Mentoring Partnership To Secure
Aviation and Missile Command Facility
Aviation and Missile Command Facility
ATLANTA – Thursday, April 20, 2006 – Tri-S Security Corp. (NASDAQ: TRIS), a provider of security services and equipment for federal government and private entities, today announced its subsidiary, Paragon Systems, Inc., has entered into a joint venture partnership that has been awarded a contract by the U.S. Army Aviation and Missile Command (AMCOM), a division of the U.S. Department of Defense (DOD), to provide protection for the Brandywine Air Force facility in Brandywine, MD. Created under the Small Business Administration’s Mentor Protégé Program, the joint venture is with Southeastern Protective Services Corp. in Rock Hill, SC, and is called Southeastern Paragon (SEP).
The contract requires SEP to provide security guard services to the Brandywine Air Force facility spanning more than 1,600 acres and is located outside Andrews Air Force Base. The site houses communications equipment and facilities that play an important role in various governmental and military communications programs.
“We are excited about our partnership with Paragon Systems and are honored to secure the Brandywine facility together,” said Marty Melton, president of Southeastern Protective Services Corp. and SEP. “Thanks to the Mentor Protégé Program from the Small Business Administration, we will have the opportunity to work with and learn from Paragon Systems in an intimate and challenging manner. With the complementary strengths of both teams, we will be able to effectively protect Brandywine’s facilities, assets and personnel with unmatched efficiency.”
The U.S. Army Aviation and Missile Command (AMCOM) was established on Oct. 1, 1997 at Redstone Arsenal, AL, by the U.S. Army Materiel Command. AMCOM’s 8,000 civilian workers and 175 soldiers are dedicated to providing integrated engineering, logistics and contracting to more than 90 major military systems, about half the systems in the U.S. Army. The division’s mission is to support the U.S.’s Joint Warfighters and Allies by assuring aviation and missile readiness for combat operations, enabling the development and acquisition of superior aviation and missile systems and assuring the integration of aviation and missile technology.
“Southeastern Paragon has brought together two highly competent security forces that are committed to securing important facilities like the Brandywine Air Force operations,” said Leslie Kaciban, Jr., president of Paragon Systems. “Through the Small Business Administration’s Mentor Protégé Program, our joint venture will be able to provide a cohesive security program surrounding the Brandywine facility. We are grateful that AMCOM has entrusted us with this responsibility and we are dedicated to honoring our commitment to America’s safety.”
“Both this contract award and the development of Southeastern Paragon are great accomplishments in the overall growth strategy of both partners,” said Ronald Farrell, CEO, Tri-S Security Corp. “These two compatible companies now represent a significant, diversified security force and it is an honor that the federal government sees the value this newly formed partnership can provide. It is the expertise and flexibility of both management teams that led to this contract award; we are looking forward to continued success from this mentor/protégé relationship.”
About Tri-S Security Corp.
Based in Atlanta, GA, Tri-S Security Corp. (NASDAQ: TRIS) is a provider of security services and equipment for government and private entities spanning a wide range of industries. Security services include uniformed guards, electronic monitoring systems, personnel protection, access control, crowd control and the prevention of sabotage, terrorist and criminal activities. As a leading aggregator of elite security companies, Tri-S Security is designed to build a strong enterprise in which to service a unique customer base that ensures America’s safety at home and work. Tri-S Security assumes responsibility for the marketing, infrastructure and overall operational performance for its subsidiaries. Tri-S Security’s management leverages highly trained government officers, experienced industry leaders, proven financial executives and infrastructure experts to consolidate the fragmented security industry into one efficient and effective security force.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Federal securities laws. Forward-looking statements are commonly identified by such terms and phrases as “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “projects” and other terms with similar meaning indicating potential impact on our business. Although we believe that the assumptions upon which such forward looking statements are based are reasonable, we can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from our projections and expectations are disclosed in our filings with the Securities and Exchange Commission, including the “Risk Factors” section set forth in our Annual Report on Form 10-K for the year ended December 31, 2005. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to their underlying assumptions. We do not undertake to publicly update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commissions by visiting http://www.sec.gov.
Media Contact:
Tri-S Security Corp.
Ginger Lightburn, 678-808-1540, x 111
gingerlightburn@trissecurity.com
The contract requires SEP to provide security guard services to the Brandywine Air Force facility spanning more than 1,600 acres and is located outside Andrews Air Force Base. The site houses communications equipment and facilities that play an important role in various governmental and military communications programs.
“We are excited about our partnership with Paragon Systems and are honored to secure the Brandywine facility together,” said Marty Melton, president of Southeastern Protective Services Corp. and SEP. “Thanks to the Mentor Protégé Program from the Small Business Administration, we will have the opportunity to work with and learn from Paragon Systems in an intimate and challenging manner. With the complementary strengths of both teams, we will be able to effectively protect Brandywine’s facilities, assets and personnel with unmatched efficiency.”
The U.S. Army Aviation and Missile Command (AMCOM) was established on Oct. 1, 1997 at Redstone Arsenal, AL, by the U.S. Army Materiel Command. AMCOM’s 8,000 civilian workers and 175 soldiers are dedicated to providing integrated engineering, logistics and contracting to more than 90 major military systems, about half the systems in the U.S. Army. The division’s mission is to support the U.S.’s Joint Warfighters and Allies by assuring aviation and missile readiness for combat operations, enabling the development and acquisition of superior aviation and missile systems and assuring the integration of aviation and missile technology.
“Southeastern Paragon has brought together two highly competent security forces that are committed to securing important facilities like the Brandywine Air Force operations,” said Leslie Kaciban, Jr., president of Paragon Systems. “Through the Small Business Administration’s Mentor Protégé Program, our joint venture will be able to provide a cohesive security program surrounding the Brandywine facility. We are grateful that AMCOM has entrusted us with this responsibility and we are dedicated to honoring our commitment to America’s safety.”
“Both this contract award and the development of Southeastern Paragon are great accomplishments in the overall growth strategy of both partners,” said Ronald Farrell, CEO, Tri-S Security Corp. “These two compatible companies now represent a significant, diversified security force and it is an honor that the federal government sees the value this newly formed partnership can provide. It is the expertise and flexibility of both management teams that led to this contract award; we are looking forward to continued success from this mentor/protégé relationship.”
About Tri-S Security Corp.
Based in Atlanta, GA, Tri-S Security Corp. (NASDAQ: TRIS) is a provider of security services and equipment for government and private entities spanning a wide range of industries. Security services include uniformed guards, electronic monitoring systems, personnel protection, access control, crowd control and the prevention of sabotage, terrorist and criminal activities. As a leading aggregator of elite security companies, Tri-S Security is designed to build a strong enterprise in which to service a unique customer base that ensures America’s safety at home and work. Tri-S Security assumes responsibility for the marketing, infrastructure and overall operational performance for its subsidiaries. Tri-S Security’s management leverages highly trained government officers, experienced industry leaders, proven financial executives and infrastructure experts to consolidate the fragmented security industry into one efficient and effective security force.
Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Federal securities laws. Forward-looking statements are commonly identified by such terms and phrases as “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “projects” and other terms with similar meaning indicating potential impact on our business. Although we believe that the assumptions upon which such forward looking statements are based are reasonable, we can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from our projections and expectations are disclosed in our filings with the Securities and Exchange Commission, including the “Risk Factors” section set forth in our Annual Report on Form 10-K for the year ended December 31, 2005. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to their underlying assumptions. We do not undertake to publicly update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commissions by visiting http://www.sec.gov.
Media Contact:
Tri-S Security Corp.
Ginger Lightburn, 678-808-1540, x 111
gingerlightburn@trissecurity.com