Garda CEO acquires company shares

MONTREAL, QUEBEC--(Marketwire - Dec. 29, 2008) - Stephan Cretier, President and Chief Executive Officer of Garda World Security Corporation (hereinafter, "Garda") announces that he has acquired during the period ranging from December 22nd to December 24th 2008 directly on the market 1,134,000 Class "A" shares, said common shares, of Garda, for a total consideration of $ 690,888. On a non-diluted basis, this holding represents an increase of 3.60% of the Class "A" shares in the share capital of Garda as of December 29th 2008. On a diluted basis, assuming the exercise of 1,050,000 stock options that Mr. Cretier has with Garda, his holdings would increase 3.49% of the Class "A" shares issued and outstanding of Garda as of December 29th 2008.

As of this day, and after giving effect to the acquisition of 1,134,000 Class "A" shares of Garda, Stephan Cretier directly and indirectly holds 5,360,473 Class "A" shares of Garda. On a non-diluted basis, Stephan Cretier currently holds 17.03% of the Class "A" shares of Garda issued and outstanding as of December 29th 2008. On a diluted basis, assuming the exercise of 1,050,000 stock options that Mr. Cretier has with Garda, he would hold 16.48% of the Class "A" shares of Garda issued and outstanding as of December 29th 2008.

This holding excludes the 2,255,417 Class "A" shares of Garda held by the Kendoza Trust, of which Stephan Cretier is the designated trustee. On a non-diluted basis, this holding represents 7.17% of the Class "A" shares of Garda issued and outstanding as of December 29th 2008.

The Class "A" shares of Garda are listed on the Toronto Stock Exchange under the symbol GW.

The Garda securities held by Stephan Cretier, either directly or through allies, are for investment purposes. These investments shall be reviewed periodically and the holdings of Stephan Cretier may be increased or decreased in the future, as deemed appropriate.

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