Guarding and Integration Firm Safeguard Security Acquires Citadel Security Business

Feb. 22, 2006
Safeguard Security Holdings has picked up commercial security guarding company Citadel Security

Safeguard Security Holdings, Inc. (OTC:SSYH), a provider of corporate and industrial security systems and personnel, announced today that it has acquired the commercial security guard business of Citadel Security LP. The Citadel acquisition represents almost $1.7 million in annual revenues serving commercial customers in Arkansas and Texas.

Management also announces its intention to move the Company's headquarters from Houston to Dallas and expects to complete the transition within ninety days. This move may involve the relocation of some holding company employees. Brown Glenn, Chief Executive Officer of Safeguard stated, "With the recent acquisitions of Ferguson International in Tulsa, SYSTEMSgroup, headquartered in Dallas, and now Citadel, Dallas represents a more centralized location for our company."

Safeguard is online at The company, through its operating subsidiaries, is a single source security solutions provider, integrating technical and physical security assets. The company's services include a full suite of electronic security systems, maintenance and technical support services, and a full range of physical security personnel. Nationwide operations are directed from its offices in Houston, Dallas and Atlanta.