Investorideas.com newswire, defense and security sector

Tuesday, April 7, 2009

Garda Security Group (Toronto:GW.TO ) Awarded $300 Million Contract

Garda Awarded $300 Million Contract

MONTREAL, QUEBEC, CANADA-Apr 7, 2009 -- For the second time since its initial contract with the Canadian Air Transport Security Authority (CATSA) in 2004, the Garda Security Group (Toronto:GW.TO ), Canada's premier physical security company and leader in the management of airport security screening operations, is pleased to announce that CATSA and Garda have successfully negotiated a two (2) year extension to all of Garda's existing contracts for passenger and baggage security screening operations at 26 airports in Canada. The contracts extension is for a two-year period from April 1, 2009 until March 31, 2011. The value of the contracts totals more than $300 million for the two-year extension period. Garda employs close to 3,000 professionals to perform its security screening services across the country.

"Garda is proud to contribute to Canada's national security," said Garda President and CEO Stephan Cretier. "Through this important partnership, we are committed to the safety and security of the traveling public."

About Garda

Garda (Toronto:GW.TO - News), the fifth largest integrated physical security and cash logistics firm worldwide on an annualized revenue basis, is well known for addressing complex security and investigations issues. As a leading provider in consulting, investigation and security services, Garda is recognized as one of the fastest growing companies with operations across Canada and the United States, Latin America, Europe, the Middle East, Africa, and Asia. With approximately 50,000 dedicated professionals, Garda offers integrated solutions in cash logistics, physical security, consulting and investigations, and enterprise intelligence services. Its team includes specialists and some of the most highly qualified and best-trained experts in the industry. For more information, visit: http://www.gardaglobal.com and http://www.garda-world.com.



Contact: Contacts: Garda Joe Gavaghan Director, Corporate Communications 617-848-5484 617-283-4936 (Cell.) joe.gavaghan@gardaglobal.com Garda Nathalie de Champlain Vice President, Communications 800.883-8305 x 401118 nathalie.dechamplain@gardaglobal.com






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