Airborne Security and Protective Services, Inc. (PINKSHEETS: ABPR) Completes Integration With Arrow Security Corp.
June 17 2010 - 8:30AM
Marketwired
Airborne Security and Protective Services (PINKSHEETS: ABPR)
announced today that the company has completed integration of Arrow
operations and Global operations with Airborne and has completed
the closing of the Arrow Security Corp. acquisition on June 15,
2010.
Stan Beauchemin, Managing Director of Airborne, stated, "Arrow
Security currently bills out approximately $1,560,000 per annum.
This combined with the recent acquisitions will position Airborne
as a premier security service company and will help us achieve our
stated goals of increasing our billable hours and getting our
billings to over four million ($4,000,000) dollars per annum in
this fiscal year."
Rick Versace, CEO of Arrow, noted, "The acquisition by Airborne
of Arrow Security Corp. presents an opportunity for the company to
expand in the Palm Beach and Broward Counties. We are proud to
become part of the Airborne Family of companies , and we are
enthusiastic about the momentum we see as the company continues to
aggressively pursue larger acquisitions."
Jerry Deutsch, Airborne CEO, also indicated that Airborne is
currently negotiating with a major service provider providing
security at airports and for airlines in the amount of 12,000 hrs
per week which represents about $9,000,000 per annum in
revenues.The firm operates in New York , Connecticut and Texas. As
soon as we have a definitive agreement we will release the
details."
Airborne Security & Protective Services,
Inc. ("Airborne Security"), a Florida corporation, provides
professional armed and unarmed security
services to commercial and residential
properties and companies in South Florida under state license
number B-2700095. Airborne Security's
Management team has over 30 years of collective experience in the
private contract guard services industry. The Company offers its
service offerings statewide with the strategic intent to expand
nationally. The Company also offers monitoring and
integrated services utilizing CCTV technology, and access control
systems to its clients.
This press release contains "forward-looking" statements as that
term is defined by Section 27A of the Securities Act of 1933, as
amended, (the "Securities Act") and Section 21E of the Securities
Exchange Act of 1934, as amended, (the "Exchange Act"). All
statements that are included in this press release other than
statements of historical fact are "forward-looking" statements.
Although Airborne Security and Protective Services, Inc. believes
that the expectations reflecting in these forward-looking
statements are reasonable, it can give no assurance that such
expectations will materialize. Important factors could cause actual
results to differ materially from the expectations as disclosed
herein, including without limitation, in conjunction with these
forward-looking statements contained in this press release.
Contact: Airborne Security and Protective Services, Inc. Jerry
Deutsch 305 573 0441 www.airbornesecuritycorp.net
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