DALLAS--(BUSINESS WIRE)--Monitronics International, Inc. and its subsidiaries (doing business as Brinks Home Security®), (“Brinks Home Security” or the “Company”) (OTC: SCTY) today announced it has reached an agreement on a new long term contract with its largest Authorized Dealer, Skyline Security (“Skyline”), that extends their partnership for another five years. The new agreement is expected to improve the Company’s overall profitability through a reduction in the up-front cost to acquire accounts while providing Skyline with an increased share of long-term revenues.
“We are very pleased to continue our partnership with Skyline,” said William Niles, Chief Executive Officer, Brinks Home Security. “With an unwavering commitment to quality and customer service, Skyline and its leaders understand and support our mission of providing the best customer experience in the smart home security industry. I look forward to working with Skyline CEO, Edwin Arroyave, and his team to build upon the outstanding foundation and trust we have established between these two terrific organizations. Together we are stronger.”
With a nationwide footprint, Skyline has one of the largest door-to-door sales organizations in the smart home security industry.
“Edwin Arroyave, Stewart Powell, and the entire Skyline team are the best around, and I appreciate the trust they’ve placed in us,” said Wade Gibson, Senior Vice President of Network Sales, Brinks Home Security. “Together, we are building America’s best dealer program and we look forward to a meaningful, industry-leading collaboration.”
The agreement is part of Brinks Home Security’s ongoing strategic efforts to transform the dealer model by creating mutually beneficial partnerships that improve the Company’s profitability while providing dealers with more predictable long-term cash flows.
“I’m incredibly proud of what we’ve accomplished as partners over the last few years, and I look forward to leveraging those efforts to provide the best customer experience in the industry,” said Edwin Arroyave, Founder and Chief Executive Officer, Skyline Security. “Serving others and protecting people is why I started this business and I believe the security and peace of mind we provide our customers has never been more valuable.”
