Wall Street Global Research Initiates Coverage of Tri-S Security Corporation With a Speculative Buy Recommendation

ATLANTA , April 10 /PRNewswire-FirstCall/ -- Tri-S Security Corp. (Nasdaq: TRIS), a provider of security services and equipment for government and private entities, announced today that Wall Street Global Research (WSGR) has initiated research coverage on the Company.

WSGR's report states that "Tri-S has excellent organic growth opportunities coupled with the ability to make accretive acquisitions in the near future. Until recently, Tri-S has incurred operating losses; however these losses were a result of internal structuring critical to facilitating the Company's ability to compete for larger, more lucrative contracts and, therefore, should not be regarded as a deterrent for future investment. In fact, management estimates 2008 revenue will range from $140 million to $150 million, an increase of 57% to 68% of 2007 revenue."

The Wall Street Global Research Report also stated, "We are confident these objectives will be achieved, as evidenced by four recently announced, multi-million dollar contracts: $58 million with the State of Georgia over a five year period; $220 million with the US Social Security Administration over a ten year period; $29 million with the Department of Homeland security over 12 months and another $56 million with the Department of Homeland security in Washington, D.C. , Maryland and Northern Virginia over a five year period. Together these contracts could account for as much as $57 million in revenue for 2008, as much as $360 million throughout their terms."

The complete report on Tri-S Security, including the disclosure and disclaimer is available at http://www.wallstreetglobalresearch.com/tri-s.pdf

About Tri-S Security Corporation

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. The government sector is serviced through its wholly-owned subsidiary Paragon Systems and the private sector through its subsidiary Cornwall Group. 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.

For more information, visit www.trissecurity.com or phone 678-808-1540.

About Wall Street Global Research

Wall Street Global Research is a New York based independent research firm that specializes in providing research coverage on publicly traded smaller capitalization companies with listings in the US, Europe , and the Asia-Pacific region.

For more information, visit www.wallstreetglobalresearch.com or phone 646- 248-6412.

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, 2006 . 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 results of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commission by visiting http://www.sec.gov.

SOURCE Tri-S Security Corp.



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