Tuesday, November 30, 2010

Defense Stocks; United Protection Services Inc. (TXS.V:UZZ) Q3 - 2010 RESULTS

Edmonton, Alberta - November 30, 2010 - S. Jorstad, Chairman, President and Chief Executive Officer of United Protection Security Group Inc. ("UPSG" or "the Company"), (TSX-V: UZZ.V) announces that the Company has released its interim financial and operating results for the third quarter ended September 30, 2010.
S.Jorstad stated, "While Q-3 was a softer period in terms of net results, our revenue continues to be strong with results this quarter $526,859 higher that Q3-2009. Our focus will be to work towards improving bottom line results and continue to aggressively increase revenue through organic growth. I continue to be optimistic with respect to an improving global economy and our ability to capitalize on it. We are currently working on strengthening our ability to finance potential major growth."
F.Ramsoondar, Chief Financial Officer reports on Q3- 2010 Financial Summary:
Revenue for the quarter amounted to $8,496,968, compared to $7,970,109 for the same quarter last year, an increase of $526,859 or 6.61%. Revenue for the nine months period ended September 30, 2010 amounted to $25,847,411 compared to $22,830,506 for the same period last year, an increase of $3,016,905 or 13.21%. The overall increase in sales is largely attributable to the growth that the Company experienced in Alberta and mainly in the Company's special projects sector.
Gross Profit Gross profit for the quarter amounted to $1,463,313 (17.22% of revenue), compared with $1,755,302 (22.02% of revenue) for the same period last year, a decrease of $291,989. Gross profit for the nine months period ended September 30, 2010 amounted to $5,470,166 compared to $4,642,477 for the same period last year, an increase of $827,689. The decrease in gross profit percentage for the three months period ended September 30, 2010 is attributed to increase in labour and service delivery costs.
The Company recorded EBIITDAS of $55,802 (0.66% of revenue) for the period, compared to EBIITDAS of $288,780 for the same period last year, a decrease of $232,978. EBIITDAS for the nine month period ended September 30, 2010 amounted to $944,420 compared to $355,434 for the same period last year, an increase of $588,986 or 165.71%. Net loss for the period totalled $(36,784), ($(0.001) basic and diluted earnings per share); compared with net income of $143,038 ($0.002 basic and diluted income per share) for the same period last year, a decrease of $179,822. Net income for the nine month period ended September 30, 2010 totalled $487,504 ($0.007 basic and diluted earnings per share) compared to net loss of $(507,573) ($(0.008) basic and diluted loss per share) for the same period last year, an increase of $995,077.
In addition to using financial measures prescribed by CGAAP, certain non-CGAAP measures are also used by the Company. These non-GAAP measures are EBIITDA and EBIITDAS. References in this press release to EBIITDA are to net income before interest, impairment, taxes, depreciation and amortization. References in this press release to EBIITDAS are to net income before interest, impairment, taxes, depreciation, amortization and stock-based compensation.
Stock Awareness Activities To find out more about United Protection Security Group Inc. (TSX-V: UZZ.V), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts. You may also email Investor Relations at: iruzz@unitedprotection.com.
For additional investor and media relations inquiries contact: Fredy Ramsoondar, CFO, Executive Vice President and Director Email: fredy.ramsoondar@unitedprotection.com Tel: 780-465-8101
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein. Dated: November 29, 2010
Source: United Protection Security Group Inc. (TSX-V: UZZ.V) http://www.unitedprotection.com Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com
-***- Reconciliation of EBIITDA and EBIITDAS to Historical Results (CGAAP)
Statement of income (loss) Three Three Nine Nine Months Months Months Months Ended ended Ended ended Sep. 30, Sep.30, Sep. 30, Sep. 30, 2010 2009 2010 2009
Net income (loss) $(36,784) $143,038 $487,504 $(507,573) for the period Add: Income taxes 5,466 17,232 37,466 23,352 Interest 36,848 52,984 114,174 216,771 Amortization and impairment 50,272 75,526 302,097 622,884 --------------------------------------- EBIITDA 55,802 288,780 941,241 355,434 --------------------------------------- Add: Stockbased compensation - - 3,179 - --------------------------------------- EBIITDAS $55,802 $288,780 $944,420 $355,434 ======================================= -***-
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Visualant, Inc. (OTCBB:VSUL), Shedding a new light on Security from authentication to diagnostics

Point Roberts, WA- November 30, 2010 – Investorideas.com, an investor research portal covering multiple stock sectors including defense and security stocks, presents new showcase company, Visualant, Inc. (OTCBB:VSUL). The company is targeting National security, document forgery/fraud, brand protection, label fraud and product tampering markets with its patent- pending light technology.

The company’s wholly owned subsidiary, TransTech Systems, Inc., an identification solutions company provides ID Badging and Access Control products. TransTech Systems announced in October that it was awarded  renewal of the maintenance contract for specified Staff Identification Card Systems (“SICS”) for the California Department of Corrections and Rehabilitation (“CDCR”).

Visit the company profile on Investorideas.com
http://www.investorideas.com/CO/VSUL/

About Visualant, Inc. (OTCBB:VSUL)
Visualant, Inc. develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Its patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner. www.visulant.net

Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States. www.ttsys.com

Recent company news:

Security Stocks; Visualant, Inc. (OTCBB:VSUL) Demonstrates Spectral Pattern Matching Technology in Japan –
http://www.investorideas.com/news/defense-security/11242.asp

Security Stocks; Visualant, Inc. (OTCBB:VSUL) Jim Gingo Elected To Security Industry Association Executive Committee –
http://www.investorideas.com/news/defense-security/11241.asp

Contact Visualant, Inc.
Lynn Felsinger, 206-903-1341
lynn@visualant.net

Disclaimer:

This news is paid for as part of the showcase advertising program for Visualant, Inc. (OTCBB: VSUL) Visualant is a featured showcase company on Investorideas.com and related security portals and blogs for three months beginning on November 24, 2010.  The cost for this service is Four Thousand Dollars per month which has been paid by a third party. Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All information on showcase companies is taken from public documents, news, filings and the company website and management. This site is currently compensated by featured companies, news submissions and online advertising. Investors are reminded all investment involves risk including possible loss of principal. 

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Saturday, November 27, 2010

Security Stocks; Visualant, Inc. (OTCBB:VSUL) Jim Gingo Elected To Security Industry Association Executive Committee

Security Stocks; Visualant, Inc. (OTCBB:VSUL) Jim Gingo Elected To Security Industry Association Executive Committee


Visit this company: http://www.visualant.net/


SEATTLE - November 24, 2010 (Investorideas.com Defense Newswire) - TransTech Systems, Inc. a subsidiary of Visualant, Inc. (OTCBB:VSUL.ob), a pioneer provider of industry-leading identification solutions, is pleased to announce Jim Gingo, TransTech President, was elected to the Executive Committee of the Security Industry Association at it annual meeting in New York on November 4, 2010.



Gingo, who has served two consecutive four year terms on the board of directors, was elected to the Executive Committee of the Security Industry Association (www.siaonline.org) at it's annual membership meeting held in conjunction with the ISC Solutions conference in New York this past week. Mr. Gingo has been appointed to serve as the association treasurer for the next term and will work closely with Richard Chace, Executive Director, and Rand Price, Chief Operating Office, as SIA continues its international expansion and branding efforts.



About Visualant, Inc.



Visualant, Inc. (OTCBB:VSUL.ob) develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. The patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.



Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.



About TransTech Systems



TransTech Systems, Inc., (www.ttsys.com) a subsidiary of Visualant, Inc., is a provider of industry-leading identification solutions. TransTech has created a distribution channel for its premier ID-Badging and access control security products by searching out the newest technologies and building and maintaining customer and cutting edge industry supplier partnerships, all supported by TransTech’s exceptional service. Contact us today for further information on TransTech Systems, by visiting www.ttsys.com or calling 1-888-843-3643.



Contact:



Visualant, Inc.

Lynn Felsinger, 206-903-1341

lynn@visualant.net
or
TransTech Systems, Inc.

Jeff Kruse, 503-427-7131

jkruse@ttsys.com



More Info:
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Investorideas.com News - Security Stocks; Visualant, Inc. (OTCBB:VSUL) Demonstrates Spectral Pattern Matching Technology in Japan

Investorideas.com News - Security Stocks; Visualant, Inc. (OTCBB:VSUL) Demonstrates Spectral Pattern Matching Technology in Japan



Security Stocks; Visualant, Inc. (OTCBB:VSUL) Demonstrates Spectral Pattern Matching Technology in Japan


Visit this company: www.visualant.net


SEATTLE - November 24, 2010 (Investorideas.com Defense Newswire) - TransTech Systems, Inc. a subsidiary of Visualant, Inc. (OTCBB:VSUL.ob), a pioneer provider of industry-leading identification solutions, announced today that Jim Gingo, President of TransTech Systems, Inc., the wholly owned subsidiary of Visualant, and Mark Scott, Visualant CFO, demonstrated the Visualant Spectral Pattern Matching ("SPM") technology to potential partners and investors in Japan the week of November 15.

Two key members of the Visualant Board of Directors, Dr. Masahiro Kawahata and Mr. Tom Arai, have been instrumental in providing introductions to potential Japanese business partners and investors.

Jim Gingo stated, "Showing the first Visualant SPM demonstration unit in Japan has created a great deal of interest from our audience of business professionals. They witnessed the demonstrations and the many potential applications for the technology. We expect to accelerate the development of the Japanese market for the Visualant SPM technology."

About TransTech Systems

Visualant, Inc. develops low-cost, high speed, light-based security and quality control solutions for use in homeland security, anti-counterfeiting, forgery/fraud prevention, brand protection and process control applications. Its patent-pending technology uses controlled illumination with specific bands of light, to establish a unique spectral signature for both individual and classes of items. When matched against existing databases, these spectral signatures allow precise identification and authentication of any item or substance. This breakthrough optical sensing and data capture technology is called Spectral Pattern Matching (SPM). SPM technology can be miniaturized and is easily integrated into a variety of hand-held or fixed mount configurations, and can be combined in the same package as a bar-code or biometric scanner.

Through its wholly owned subsidiary, TransTech Systems, Inc., the Company provides security and authentication solutions to security and law enforcement markets throughout the United States.

Contact:

Visualant, Inc.
Lynn Felsinger, 206-903-1341
lynn@visualant.net

or

TransTech Systems, Inc.
Jeff Kruse, 503-427-7131
jkruse@ttsys.com


Disclaimer: The following news is paid for and /or published as information only for our readers. Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. This site is currently compensated by featured companies, news submissions and online advertising.

Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp