REGINA,
SK, March 22, 2023 /CNW/ - SSC Security
Services Corp. ("SSC" or the "Company") (TSXV: SECU)
(OTCQX: SECUF), a leading Canadian provider of physical, electronic
and cyber security services, is pleased to provide the following
update to shareholders.
"We continue to make excellent progress with the integration of
our recent Logixx acquisition", said Doug
Emsley, Chairman, President and CEO of SSC. "Our expanded
geographic footprint across the country along with our strong
balance sheet (we have no debt) and expanded service offerings are
giving us access to many new contract opportunities. While there
will always be ups and downs, it is important to advise our
shareholders of some the significant recent wins we have had. They
are listed below."
In recent weeks, SRG Security Resource Group Inc. ("SRG") and
Logixx Security Inc. ("Logixx"), both wholly owned subsidiaries of
SSC, have won several new significant multi-year security contracts
serving multiple industry sectors in several provinces. Among the
more significant contracts are the following:
- A multi-year multi-million-dollar physical security contract
with a national food and beverage company;
- A multi-million-dollar five-year physical security contract
with a high-profile Toronto-based
community organization which includes many additional special
services and event opportunities over and above the base
contract;
- A large three-year contract for cyber security services for a
national community service organization with locations across
Canada;
- A two-year physical security contract with an international
apparel company worth just under $1
million; and
- A multi-year, multi-million-dollar cyber security contract to
provide Managed Endpoint Detection & Response (MEDR) services
for a major healthcare services provider with over 30,000 endpoints
(medical devices, mobile devices & computers).
In addition, the Company has recently added a variety of smaller
(under $1 million each) multi-year,
single-year and project contracts to provide physical, electronic
and cyber security services to social service organizations, real
estate companies, churches, telecom companies, credit unions,
investment firms, airports, provincial regulatory authorities and
Crown Corporations. Some of these are new clients while some
represent additions to the scope of work with existing clients for
new sites or expanded levels of service.
Service delivery has begun for some of these contracts, and
others will begin over the next 30-60 days.
ABOUT SSC
SSC Security Services Corp. is a leading provider of physical,
electronic and cyber security services to corporate and public
sector clients across Canada. For
more information, please visit www.securityservicescorp.ca.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Forward Looking Statements
This release includes forward-looking statements regarding
SSC and its business. Such statements are based on the current
expectations and views of future events of SSC's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting SSC, including risks regarding the security
industry, economic factors and the equity markets generally and
many other factors beyond the control of SSC. No forward-looking
statement can be guaranteed. Forward-looking statements and
information by their nature are based on assumptions and involve
known and unknown risks, uncertainties and other factors which may
cause our actual results, performance or achievements, or industry
results, to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statement or information. Accordingly, readers
should not place undue reliance on any forward-looking statements
or information. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they
are made and SSC undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise.
SOURCE SSC Security Services Corp.
