Tri-S Security Corp. 2008 Revenue Guidance $125 - $130 Million

ATLANTA , March 5 /PRNewswire-FirstCall/ -- Tri-S Security Corporation (Nasdaq: TRIS) today announced year end December 31, 2007 revenues are estimated at $89.1 million , an 18% increase over the December 31, 2006 reported revenue of $75.7...


ATLANTA , March 5 /PRNewswire-FirstCall/ -- Tri-S Security Corporation (Nasdaq: TRIS) today announced year end December 31, 2007 revenues are estimated at $89.1 million, an 18% increase over the December 31, 2006 reported revenue of $75.7 million.

Full Year 2008 revenue is estimated between $125 million to $130 million, an increase of over 48% in estimated revenue for 2007. Contributing to this increase are two recently announced contracts scheduled to begin April 1, 2008 . The first contract is with the State of Georgia for $58 million and the second is with the US Social Security Administration for $220 million. Together these contracts will account for $26 million in revenue or approximately 20% of the full year 2008 annual revenue.

Mr. Ronald Farrell , President of Tri-S Security commented, "We are very pleased with our results over the past few years. We have seen double digit revenue growth and project the trend to continue in 2008. Our results over the past 60 days continue to reinforce this trend."

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.

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 Corporation