ATLANTA , April 8, 2008 /PRNewswire-FirstCall/ -- Tri-S Security Corp.
(Nasdaq: TRIS), a provider of security services and equipment for government
and private entities, today announced that its wholly-owned subsidiary,
Paragon Systems, Inc. ("Paragon"), has been awarded a new contract with the
U.S. Department of the Homeland Security, for Washington DC , Maryland and
Northern Virginia , for
Paragon will provide security services for federal government facilities throughout the Washington DC area and the states of Maryland and Northern Virginia . Over 180 armed and unarmed officers will be deployed to the various locations.
The three main sites in the Washington, DC area include the National Headquarters of the Department of Education, the National Headquarters of the International Trade Commission, the FDA and the USDA. Paragon will also provide security for various DEA and FBI offices.
This award increases the total contracts earned by Paragon to
"Not only does this contract continue to show the Federal Government's confidence in Paragon but also provides the Company with a footprint in two new states, Maryland and Virginia ," said Ronald Farrell , CEO, Tri-S Security Corp. Mr. Farrell also stated that all three of the previously announced contracts have started and are fully operational.
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. 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.
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.