Universal Guardian Reports $2 Million Third Quarter Revenue

Universal Guardian Holdings, Inc., a full-service provider of security products and services to protect against terrorist, criminal and security threats to governments and businesses worldwide, announced today unaudited revenue of $2 million for the 3rd Quarter 2004.

"We are expanding corporate operations and generating revenue opportunities in key markets around the world," stated Michael Skellern, Chairman and CEO of Universal Guardian Holdings, Inc. "Our strategy of driving top-line revenue from expanding global security operations while we establish non-lethal product distribution channels in these markets is proceeding as planned," continued Skellern.

"We intend to maintain this momentum by capturing new government contracts and security assignments from leading multi-national corporations," stated Michael Stannard, Managing Director and Chief Operating Officer of Secure Risks Ltd. "Our recent corporate meetings in Zurich, Switzerland proved to be the catalyst in demonstrating our tremendous depth of talent and corporate resources available to our international management team and their clients," added Stannard.