Point Roberts, WA - September 27, 2011 � Investorideas.com, an investor research portal covering multiple stock sectors including defense and security stocks, presents a sector close up on small and large cap defense and security stocks September 26th.
In an overall strong day in the market, defense and security stocks made some notable gains. In Tuesday's morning trading session , several of the defense stocks are continuing with yesterday's gains.
Security Company, Visualant, Incorporated (OTC:VSUL) closed at $0.0900. Recently, the company said that it has received its first patent on its Spectral Pattern Matching ("SPM") technology. The Company also recently reported its wholly-owned subsidiary, TransTech Systems, Inc., a security and authentication systems technology and distributor of a wide variety of security solutions, exhibited at the ASIS International 2011 Show on September 19-21, 2011 in Orlando, FL.
Route1 Inc. (TSXV: ROI ), a security and identity management company,climbed 0.020 (14.29%) to $0.160. The Company recently reported "the overwhelming success of its TruOFFICE Virtual Desktop Infrastructure (VDI) solution, which answers the call from enterprise and government organizations for secure, remote desktop management."
Boeing (NYSE:BA) shares rose 2.50 (4.20%) to end the day at $62.01 after the company said it was awarded a $319,905,801 modification to a previously awarded fixed-price-incentive-fee contract (N00019-09-C-0022) for spares, support equipment and tools, etc.
Lockheed Martin Corporation (NYSE:LMT) closed with a gain of 1.69 (2.34%) to $73.78. The Company reported Monday it has completed building the primary structure of NASA's MAVEN spacecraft at its Space Systems Company facility near Denver. The Mars Atmosphere And Volatile EvolutioN (MAVEN) spacecraft is scheduled to launch in November 2013 and will be the first mission devoted to understanding the Martian upper atmosphere.
L-3 Communications Holdings, Inc (NYSE:LLL) closed with a gain of 2.59 (4.31%) at $62.74.
American Science & Engineering (NASDAQ:ASEI) climbed 0.72 (1.21%) to $60.41. The stock was featured in a Motley Fool article, "3 stocks to beat a Recession"
ITT Corporation (NYSE:ITT) surged 1.42 (3.42%) to $42.88. ITT Corporation is a high-technology engineering and manufacturing company operating on all seven continents in three vital markets: water and fluids management, global defense and security, and motion and flow control.
Research more defense and security stocks with the defense stocks directory at Investorideas.com.
http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Security Company Snapshot:
Visualant, Inc. (OTCBB: VSUL)
Visit the company profile on Investorideas.com
http://www.investorideas.com/CO/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
Contact Visualant, Inc.
Lynn Felsinger, 206-903-1341
lynn@visualant.net
Investor RelationsCore Consulting Group
Paul DeRiso, 925-465-6088
paul@coreconsultingroup.com
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Defense and security portals:
www.HomelandDefenseStocks.com and www.nationalhomelandsecurityknowledgebase.com
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T his 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, 1500 per month and $five thousand per month in restricted 144 shares. 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.
BC Residents and Investor Disclaimer : Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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Tuesday, September 27, 2011
Monday, September 26, 2011
Energy News: Telkonet (OTCBB: TKOI), Selected to Install Energy Management Platform at Prestigious Military Academy
September 26, 2011 (Investorideas.com Newswire) - Telkonet, Inc. (OTCBB: TKOI.OB), developer of the EcoSmart energy management platform, announced today that a prestigious United States military academy is the latest military institution to deploy its innovative network-enabled energy-saving technology.
As a technology provider for one of the nation's premier energy service companies, Telkonet was awarded a contract for $226,000 to provide the SmartEnergy platform in academy residence halls.
Jason Tienor, Telkonet CEO, said, "We're excited to continue demonstrating the substantial energy savings that Telkonet's SmartEnergy Suite can provide in residence hall applications. This particular deployment displays the flexibility of our field services division as well as the design flexibility of our technology. We're honored to have been selected for this project and look forward to working with the academy."
Telkonet will install a network-enabled SmartEnergy energy management system, including intelligent networked thermostats, occupancy sensors, and door contacts. An integral component of the solution is the online management platform, which will allow the military academy to monitor and control each in-room HVAC system remotely. The SmartEnergy system, which employs Telkonet's patented Recovery TimeTM technology, will optimize energy savings in unoccupied rooms while also ensuring that the thousands of cadets attending the academy stay comfortable when occupying their rooms.
To date, academy administrators have been unable to avoid excessive heating and cooling of unoccupied residence halls. The SmartEnergy system will improve local control and give the property management team the capability to monitor the health and efficiency of the HVAC systems themselves while minimizing energy consumption.
For almost two decades, the energy service company responsible for enabling energy efficiency upgrades at the military academy has collaborated with customers to deliver energy savings through comprehensive and cost-effective efficiency and infrastructure services. Telkonet has had the privilege of serving this ESCO on several other military installations and is participating in project development on several additional opportunities.
"We're pleased to have been selected to perform this upgrade as part of our strategic partnership. We're also confident the cadets will appreciate the comfort improvements and the Academy will find enormous value in the reduced energy and maintenance cost," Tienor said.
Both the energy service company and the military academy have built their foundations on the principles of excellence and integrity, and Telkonet is proud to have been chosen as a vendor partner for this efficiency improvement project.
As a technology provider for one of the nation's premier energy service companies, Telkonet was awarded a contract for $226,000 to provide the SmartEnergy platform in academy residence halls.
Jason Tienor, Telkonet CEO, said, "We're excited to continue demonstrating the substantial energy savings that Telkonet's SmartEnergy Suite can provide in residence hall applications. This particular deployment displays the flexibility of our field services division as well as the design flexibility of our technology. We're honored to have been selected for this project and look forward to working with the academy."
Telkonet will install a network-enabled SmartEnergy energy management system, including intelligent networked thermostats, occupancy sensors, and door contacts. An integral component of the solution is the online management platform, which will allow the military academy to monitor and control each in-room HVAC system remotely. The SmartEnergy system, which employs Telkonet's patented Recovery TimeTM technology, will optimize energy savings in unoccupied rooms while also ensuring that the thousands of cadets attending the academy stay comfortable when occupying their rooms.
To date, academy administrators have been unable to avoid excessive heating and cooling of unoccupied residence halls. The SmartEnergy system will improve local control and give the property management team the capability to monitor the health and efficiency of the HVAC systems themselves while minimizing energy consumption.
For almost two decades, the energy service company responsible for enabling energy efficiency upgrades at the military academy has collaborated with customers to deliver energy savings through comprehensive and cost-effective efficiency and infrastructure services. Telkonet has had the privilege of serving this ESCO on several other military installations and is participating in project development on several additional opportunities.
"We're pleased to have been selected to perform this upgrade as part of our strategic partnership. We're also confident the cadets will appreciate the comfort improvements and the Academy will find enormous value in the reduced energy and maintenance cost," Tienor said.
Both the energy service company and the military academy have built their foundations on the principles of excellence and integrity, and Telkonet is proud to have been chosen as a vendor partner for this efficiency improvement project.
Thursday, September 15, 2011
Security Industry News; TransTech Systems, a Subsidiary of Visualant (OTCBB:VSUL), to Exhibit at the ASIS International 2011 in Orlando, FL
SEATTLE - September 15, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading color based identification and diagnostic solutions, an emerging leader in security and authentication systems technology and distributor of a wide variety of security solutions through its wholly-owned subsidiary, TransTech Systems, Inc., is pleased to announce that TransTech Systems will be exhibiting at the ASIS International 2011 Show on September 19-21, 2011 in Orlando, FL.
The 57th Annual Seminar and Exhibits for ASIS International 2011 will host over 700 exhibitors and last year�s show saw more than 20,000 attendees. The show will also have over 200 training sessions with 22 different tracks to ensure attendees receive the best value. Registration to the exhibit hall is free prior to September 16th, 2011. Visit www.asis2011.org for more information.
TransTech Systems (www.ttsys.com) will be exhibiting the latest in identification card printing and encoding systems and building access control products from manufacturers such as Evolis, Datacard, Magicard, and NiSCA. TransTech will also be displaying the CoG-1000 (Cards on the Go) field programmer from Farpointe Data, which allows for 26 bit Wiegand HID, AWID, and Pyramid-compatible credentials to be programmed by the dealer in their own facility or in the field. See these and other popular security industry products on display in TransTech�s booth #2833.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) 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. Our 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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc. Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock, acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile,. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Visualant, Inc.:
Ron Erickson, 206-903-1351
ron@ronerickson.com
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
The 57th Annual Seminar and Exhibits for ASIS International 2011 will host over 700 exhibitors and last year�s show saw more than 20,000 attendees. The show will also have over 200 training sessions with 22 different tracks to ensure attendees receive the best value. Registration to the exhibit hall is free prior to September 16th, 2011. Visit www.asis2011.org for more information.
TransTech Systems (www.ttsys.com) will be exhibiting the latest in identification card printing and encoding systems and building access control products from manufacturers such as Evolis, Datacard, Magicard, and NiSCA. TransTech will also be displaying the CoG-1000 (Cards on the Go) field programmer from Farpointe Data, which allows for 26 bit Wiegand HID, AWID, and Pyramid-compatible credentials to be programmed by the dealer in their own facility or in the field. See these and other popular security industry products on display in TransTech�s booth #2833.
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) 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. Our 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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc. Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock, acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile,. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Visualant, Inc.:
Ron Erickson, 206-903-1351
ron@ronerickson.com
Investor Relations
Paul DeRiso
Core Consulting Group
925-465-6088
paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
Tuesday, September 13, 2011
Security and Defense Stocks; United Protection Security Group Inc. (TSX-V: UZZ) - Right-Of-Use Smart Site Technology Agreement
Edmonton, Alberta CANADA - September 13, 2011 (InvestorIdeas.com Newswire) - United Protection Security Group Inc. (TSX-V:UZZ Venture), F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ) is pleased to announce that the Company has entered into a Right of Use Technology Agreement with Edmonton based Machlink Corporation. The cost of the Right is fixed at $100,000 for a 10-year period, which includes a 5-year renewal period. The consideration will be paid in $50,000 cash and $50,000 by way of issuance of 1,000,000 common shares of the Company at a share price of $0.05 per share. The agreement covers all of Canada, United States
, Africa and South America.
F.V.Ramsoondar states "This technology will allow us to position the Company to become a provider of Smart Site Solutions and, in certain cases, the Wireless Broadband Solutions for all industry sectors, especially Oil and Gas and Transportation. We are especially impressed with the technology as it relates to real-time alerts of pipeline leaks, detection in drop in pipeline pressure and the elimination of false alarms".
MachLink Corporation is a provider of proprietary Next Generation Wireless Broadband and Smart Site Solutions throughout the world. Its unique Wireless Broadband has a rapid deployment and provides over 50 km radius coverage at 60% of the cost of other technologies. It brings true high speed Internet and High Definition Digital Phone Solutions to underserviced regions. Smart Site Solutions unifies state-of-the-art software and hardware technologies for remote oil and gas locations. These Smart Site Solutions allow producers to enhance site security, safety and operations while ensuring regulatory compliance, business continuity and risk management.
"MachLink is excited to continue our global expansion through our partnership with United Protection Security Group Inc., providing end-to-end Wireless Broadband and Smart Site Solutions," says Lyle Ewanchuk, MachLink Founder and CEO.
The transaction as it relates to the issuance of shares of the Company is subject to the approval of TSX-Venture Exchange and the Company's Board ofDirectors .
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), 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.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/ pr/united09132011.htm
United Protection Security Group Inc. (TSX - V: UZZ)
5909 - 83rd Street, Edmonton, Alberta T6E 3Y4
Telephone (780) 465-8101
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
F.V.Ramsoondar states "This technology will allow us to position the Company to become a provider of Smart Site Solutions and, in certain cases, the Wireless Broadband Solutions for all industry sectors, especially Oil and Gas and Transportation. We are especially impressed with the technology as it relates to real-time alerts of pipeline leaks, detection in drop in pipeline pressure and the elimination of false alarms".
MachLink Corporation is a provider of proprietary Next Generation Wireless Broadband and Smart Site Solutions throughout the world. Its unique Wireless Broadband has a rapid deployment and provides over 50 km radius coverage at 60% of the cost of other technologies. It brings true high speed Internet and High Definition Digital Phone Solutions to underserviced regions. Smart Site Solutions unifies state-of-the-art software and hardware technologies for remote oil and gas locations. These Smart Site Solutions allow producers to enhance site security, safety and operations while ensuring regulatory compliance, business continuity and risk management.
"MachLink is excited to continue our global expansion through our partnership with United Protection Security Group Inc., providing end-to-end Wireless Broadband and Smart Site Solutions," says Lyle Ewanchuk, MachLink Founder and CEO.
The transaction as it relates to the issuance of shares of the Company is subject to the approval of TSX-Venture Exchange and the Company's Board of
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), 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.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/ pr/united09132011.htm
United Protection Security Group Inc. (TSX - V: UZZ)
5909 - 83rd Street, Edmonton, Alberta T6E 3Y4
Telephone (780) 465-8101
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
Tuesday, September 6, 2011
Investorideas.com - Security Industry News; Visualant (OTCBB:VSUL) Receives First Patent on its Spectral Pattern Matching Technology
Investorideas.com - Security Industry News; Visualant (OTCBB:VSUL) Receives First Patent on its Spectral Pattern Matching Technology
Security Industry News; Visualant (OTCBB:VSUL) Receives First Patent on its Spectral Pattern Matching Technology
SEATTLE - September 6, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL) - a pioneer provider of industry-leading color based identification and diagnostic solutions; an emerging leader in security and authentication systems technology; and distributor of a wide variety of security solutions through its wholly-owned subsidiary, TransTech Systems, Inc. – is pleased to announce that it has received its first patent on its Spectral Pattern Matching ("SPM") technology.
The Visualant technology was developed by renowned research scientists, Drs. Tom Furness and Brian Schowengerdt. A number of years were spent in the laboratory developing a unique proprietary approach to mapping color at the photon level and using that mapping as a basis for authentication and diagnostics. In conjunction with the stellar work being done in the lab, the Company pursues an aggressive patent strategy to protect its unique intellectual property.
Drs. Furness and Schowengerdt and their laboratory development team brought a generation of experience to the Visualant SPM development process. Dr. Furness is known in many circles as the "Father of Virtual Reality." Dr. Schowengerdt is an internationally renowned leader in the field of color perception.
The patent issued by the United States Office of Patents and Trademarks is US Patent No. 7,996,173 and is entitled "Method, Apparatus and Article to Facilitate Distributed Evaluation of Objects Using Electromagnetic Energy."
Ron Erickson, Visualant Founder and CEO, stated, "We are very pleased to receive our first patent covering our SPM technology. Our science team is world-class. The issuance of this patent validates our belief that our technology is unique and transformative. We expect more patents to be issued as we build the intellectual property foundation for Visualant’s business and move into the marketplace with diverse applications of our SPM technology."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) 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. Our 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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc. Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock, acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile,. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Visualant, Inc.:Ron Erickson, 206-903-1351
ron@ronerickson.com
Investor RelationsPaul DeRisoCore Consulting Group925-465-6088paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit this company: www.visualant.net
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
More Info: Research more defense and security stocks with the defense stocks directory: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Security Industry News; Visualant (OTCBB:VSUL) Receives First Patent on its Spectral Pattern Matching Technology
SEATTLE - September 6, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL) - a pioneer provider of industry-leading color based identification and diagnostic solutions; an emerging leader in security and authentication systems technology; and distributor of a wide variety of security solutions through its wholly-owned subsidiary, TransTech Systems, Inc. – is pleased to announce that it has received its first patent on its Spectral Pattern Matching ("SPM") technology.
The Visualant technology was developed by renowned research scientists, Drs. Tom Furness and Brian Schowengerdt. A number of years were spent in the laboratory developing a unique proprietary approach to mapping color at the photon level and using that mapping as a basis for authentication and diagnostics. In conjunction with the stellar work being done in the lab, the Company pursues an aggressive patent strategy to protect its unique intellectual property.
Drs. Furness and Schowengerdt and their laboratory development team brought a generation of experience to the Visualant SPM development process. Dr. Furness is known in many circles as the "Father of Virtual Reality." Dr. Schowengerdt is an internationally renowned leader in the field of color perception.
The patent issued by the United States Office of Patents and Trademarks is US Patent No. 7,996,173 and is entitled "Method, Apparatus and Article to Facilitate Distributed Evaluation of Objects Using Electromagnetic Energy."
Ron Erickson, Visualant Founder and CEO, stated, "We are very pleased to receive our first patent covering our SPM technology. Our science team is world-class. The issuance of this patent validates our belief that our technology is unique and transformative. We expect more patents to be issued as we build the intellectual property foundation for Visualant’s business and move into the marketplace with diverse applications of our SPM technology."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) 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. Our 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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc. Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock, acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile,. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Visualant, Inc.:Ron Erickson, 206-903-1351
ron@ronerickson.com
Investor RelationsPaul DeRisoCore Consulting Group925-465-6088paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit this company: www.visualant.net
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
More Info: Research more defense and security stocks with the defense stocks directory: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Published at www.Investorideas.com - Global research by sectors
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Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
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BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Thursday, September 1, 2011
Investorideas.com - Security Industry News; Visualant (OTCBB:VSUL) Subsidiary, TransTech Systems, Sees Growth In Difficult Economic Environment
Investorideas.com - Security Industry News; Visualant (OTCBB:VSUL) Subsidiary, TransTech Systems, Sees Growth In Difficult Economic Environment
Security Industry News; Visualant (OTCBB:VSUL) Subsidiary, TransTech Systems, Sees Growth In Difficult Economic Environment
SEATTLE - September 1, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading identification solutions, is pleased to announce today that its subsidiary, TransTech Systems, sees growth in its business in the midst of a difficult economic environment.
TransTech continues to enjoy revenue growth year-to-date on a calendar basis over the same period in 2010. There have been a few special projects which have increased revenues. Meanwhile TransTech continues to strengthen and grow its customer base. The number of resellers with orders in the system during the last few months has remained ahead of last year.
Typically, low employment translates into less need for corporate or contractor ID badges. Yet while the national employment situation has not improved much over last year, some sectors have increased their requirements. In comparison to last year, July and August revenue has been fueled by decent seasonal strength in the School ID market. This segment has been stronger than 2010 for many of TransTech’s resellers. The back order and current bid pipelines remain reasonably strong as of the end of August. If the trend holds for September TransTech will show growth for the 3rd quarter of the calendar year.
Jim Gingo, President of TransTech Systems and an industry leader stated, "We are seeing a distinctive uptick in orders for companies, organizations and government agencies for security and identifications systems and components. We have noticed that many of orders are directed at strengthening existing access control systems and other organizational infrastructure to more strongly tie an individual credential holder to the person holding it. In other words, it no longer seems enough to provide access cards and systems, but rather authentication and authorization have become an integral factor in system efficiencies."
TransTech, acquired by Visualant in June of 2010, is the distribution arm for Visualant Spectral Pattern Matching ("SPM") technology into the security and authentication marketplace. Regarding SPM, Gingo added, "I believe our parent company, Visualant, and its proprietary SPM technology is poised to ultimately provide even more options for definitively linking a person to his or her credential, be it card, paper or anything else."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) 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. Our 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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc. Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock, acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile,. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Visualant, Inc.:Ron Erickson, 206-903-1351
ron@ronerickson.com
Investor RelationsPaul DeRisoCore Consulting Group925-465-6088paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit this company: www.visualant.net
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
More Info: Research more defense and security stocks with the defense stocks directory: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Connect with Investorideas.com: http://www.twitter.com/Investorideas
Publish Your News - Send a release: http://www.investorideas.com/News-Upload/
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.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Security Industry News; Visualant (OTCBB:VSUL) Subsidiary, TransTech Systems, Sees Growth In Difficult Economic Environment
SEATTLE - September 1, 2011 (Investorideas.com Defense Newswire) - Visualant, Inc. (OTCBB: VSUL), a pioneer provider of industry-leading identification solutions, is pleased to announce today that its subsidiary, TransTech Systems, sees growth in its business in the midst of a difficult economic environment.
TransTech continues to enjoy revenue growth year-to-date on a calendar basis over the same period in 2010. There have been a few special projects which have increased revenues. Meanwhile TransTech continues to strengthen and grow its customer base. The number of resellers with orders in the system during the last few months has remained ahead of last year.
Typically, low employment translates into less need for corporate or contractor ID badges. Yet while the national employment situation has not improved much over last year, some sectors have increased their requirements. In comparison to last year, July and August revenue has been fueled by decent seasonal strength in the School ID market. This segment has been stronger than 2010 for many of TransTech’s resellers. The back order and current bid pipelines remain reasonably strong as of the end of August. If the trend holds for September TransTech will show growth for the 3rd quarter of the calendar year.
Jim Gingo, President of TransTech Systems and an industry leader stated, "We are seeing a distinctive uptick in orders for companies, organizations and government agencies for security and identifications systems and components. We have noticed that many of orders are directed at strengthening existing access control systems and other organizational infrastructure to more strongly tie an individual credential holder to the person holding it. In other words, it no longer seems enough to provide access cards and systems, but rather authentication and authorization have become an integral factor in system efficiencies."
TransTech, acquired by Visualant in June of 2010, is the distribution arm for Visualant Spectral Pattern Matching ("SPM") technology into the security and authentication marketplace. Regarding SPM, Gingo added, "I believe our parent company, Visualant, and its proprietary SPM technology is poised to ultimately provide even more options for definitively linking a person to his or her credential, be it card, paper or anything else."
About Visualant, Inc.
Visualant, Inc. (OTCBB: VSUL) 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. Our 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.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements (within the meaning of Section 27a of the Securities Act of 1933 and Section 21e of the Securities Exchange Act of 1934) regarding us and our business, financial condition, results of operations and prospects. Forward-looking statements in this press release reflect the good faith judgment of our management and are based on facts and factors currently known to us. Forward-looking statements are subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements as a result of either the matters set forth or incorporated in this press release generally or certain economic and business factors, some of which may be unknown to and/or beyond the control of Visualant, Inc. Specifically, we are exposed to various risks related to our revenue projections, our need for additional financing to support our technology development, the sale of a significant number of our shares of common stock could depress the price of our common stock, acquiring or investing in new businesses and ongoing operations, we may incur losses in the future and the market price of our common stock may be volatile,. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. We do not undertake, and we expressly disclaim, any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of the press release.
Contact:
Visualant, Inc.:Ron Erickson, 206-903-1351
ron@ronerickson.com
Investor RelationsPaul DeRisoCore Consulting Group925-465-6088paul@coreconsultingroup.com
Visualant, Inc. (OTCBB:VSUL) Featured showcase company on Investorideas.com and related security portals and blogs
Visit this company: www.visualant.net
Visit the showcase page: http://www.investorideas.com/CO/VSUL/
Disclosure and Disclaimer: Visualant, Inc. (OTCBB:VSUL) is a paid advertising featured showcase company on Investorideas.com and related security portals and blogs.
(1500 per month and $five thousand per month in restricted 144 shares)
More Info: Research more defense and security stocks with the defense stocks directory: http://www.investorideas.com/Companies/HomelandDefense/Stock_List.asp
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Connect with Investorideas.com: http://www.twitter.com/Investorideas
Publish Your News - Send a release: http://www.investorideas.com/News-Upload/
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.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Tuesday, August 30, 2011
Investorideas.com - Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) Q2 - Results
Investorideas.com - Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) Q2 - Results
Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) Q2 – Results
Edmonton, Alberta CANADA - August 30, 2011 (InvestorIdeas.com Newswire) - United Protection Security Group Inc. (TSX-V:UZZ Venture), F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. is pleased to announce that the Company has released its Q2- 2011 results.
F.V.Ramsoondar stated: "The quarter ended June 30, 2011 reflects the results of the restructuring and cost management that the Company's new management initiated in Q2. I continue to be confident that our shareholders will continue to see positive changes in the results of the Company going forward."
View Chart at http://www.investorideas.com/CO/UZZ/news/2011/08301.asp
(1) EBIITDA = Earnings before interest, impairment, taxes, depreciation and amortization
(2) EBIITDAS = Earnings before interest, impairment, taxes, depreciation and amortization and share-base payments.
Revenues
Revenue was $16,509,272 for the six months period ended June 30, 2011, compared to $17,350,443 for the six months ended June 30, 2010, a decrease of $(841,171) or (4.85)%. The overall decrease in revenues is largely attributable to the additional one time revenue the Company recognized in 2010 from the 2010 Winter Games.
Gross margin
Gross profit was $2,893,029 (17.52%) for the six months period ended June 30, 2011, compared to $4,006,853 (23.09%) for the six months period ended June 2010. The decrease in gross profit is directly related to the reduction in revenues relating to the 2010 Winter Games.
Operating costs
Operating costs were $13,616,243 for the six months period ended June 30, 2011,compared to $13,343,590 for the six months period ended June 30, 2010, an increase of 2%. The increase is due to reclassification of accounts in 2011 and not an increase in delivery of service.
Selling and administrative expenses ("S&A")
S&A totalled $2,431,697 for the six months period ended June 30, 2011, compared to $3,121,414 for the six months period ended June 30, 2010, a decrease of $689,717 or 22.10%. The decrease is attributed to the continuing impact of the cost restructuring plan management initiated in May 2011.
Amortization
Amortization expense increased due to additional amortization recognized from the reclassification of intangible assets from goodwill and amortization of intangible assets acquired in 2010.
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), 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.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
United Protection Security Group Inc. (TSX - V: UZZ)
5909 - 83rd Street, Edmonton, Alberta T6B 1E7
Telephone (780) 465-8101
To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/unitedprotection08302011.htm
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
Visit the UZZ showcase profile at Investorideas.com: http://www.investorideas.com/CO/UZZ/
Request News and Info on UZZ: http://www.investorideas.com/Resources/Newsletter.asp
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Connect with Investorideas.com: http://www.twitter.com/Investorideas
Publish Your News - Send a release: http://www.investorideas.com/News-Upload/
Disclaimer: The following news is paid for and /or published as information only for our readers (175 top energy news).
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.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) Q2 – Results
Edmonton, Alberta CANADA - August 30, 2011 (InvestorIdeas.com Newswire) - United Protection Security Group Inc. (TSX-V:UZZ Venture), F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. is pleased to announce that the Company has released its Q2- 2011 results.
F.V.Ramsoondar stated: "The quarter ended June 30, 2011 reflects the results of the restructuring and cost management that the Company's new management initiated in Q2. I continue to be confident that our shareholders will continue to see positive changes in the results of the Company going forward."
View Chart at http://www.investorideas.com/CO/UZZ/news/2011/08301.asp
(1) EBIITDA = Earnings before interest, impairment, taxes, depreciation and amortization
(2) EBIITDAS = Earnings before interest, impairment, taxes, depreciation and amortization and share-base payments.
Revenues
Revenue was $16,509,272 for the six months period ended June 30, 2011, compared to $17,350,443 for the six months ended June 30, 2010, a decrease of $(841,171) or (4.85)%. The overall decrease in revenues is largely attributable to the additional one time revenue the Company recognized in 2010 from the 2010 Winter Games.
Gross margin
Gross profit was $2,893,029 (17.52%) for the six months period ended June 30, 2011, compared to $4,006,853 (23.09%) for the six months period ended June 2010. The decrease in gross profit is directly related to the reduction in revenues relating to the 2010 Winter Games.
Operating costs
Operating costs were $13,616,243 for the six months period ended June 30, 2011,compared to $13,343,590 for the six months period ended June 30, 2010, an increase of 2%. The increase is due to reclassification of accounts in 2011 and not an increase in delivery of service.
Selling and administrative expenses ("S&A")
S&A totalled $2,431,697 for the six months period ended June 30, 2011, compared to $3,121,414 for the six months period ended June 30, 2010, a decrease of $689,717 or 22.10%. The decrease is attributed to the continuing impact of the cost restructuring plan management initiated in May 2011.
Amortization
Amortization expense increased due to additional amortization recognized from the reclassification of intangible assets from goodwill and amortization of intangible assets acquired in 2010.
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), 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.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO 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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
United Protection Security Group Inc. (TSX - V: UZZ)
5909 - 83rd Street, Edmonton, Alberta T6B 1E7
Telephone (780) 465-8101
To view this press release as a web page, click onto the link below:
http://www.usetdas.com/pr/unitedprotection08302011.htm
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com
Disclosure: UZZ is a paid advertising client on Investorideas.com and our defense portals.
Visit the UZZ showcase profile at Investorideas.com: http://www.investorideas.com/CO/UZZ/
Request News and Info on UZZ: http://www.investorideas.com/Resources/Newsletter.asp
More Info:
Published at www.Investorideas.com - Global research by sectors
If you have any questions regarding information in this press release please contact the company listed in the press release.
Connect with Investorideas.com: http://www.twitter.com/Investorideas
Publish Your News - Send a release: http://www.investorideas.com/News-Upload/
Disclaimer: The following news is paid for and /or published as information only for our readers (175 top energy news).
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.aspInvestorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894
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