AlarmForce Announces Record New Installations for 2004.

TORONTO -- AlarmForce Industries Inc. (TSX:AF) has closed its 2004 fiscal year with record annual alarm installations of 11,500 new subscribers for the year ended October 31, 2004. This growth brings the total monitored account base to over 48,000 subscribers.

Joel Matlin, President & CEO, announced that, "With 11,500 new accounts created from our organic growth, 2004 is setting the new benchmark for new subscribers and profitable growth in the account base. We are confident that the AlarmForce account base will continue to grow even more with the planned opening of our US operations in North Carolina this month."

"According to market research conducted in the alarm industry, the US market for alarm monitoring alone accounts for $8.8 billion of the entire global market of $20 billion. AlarmForce's entry into this major new market adds a new dimension to our 2005 growth strategy, while we continue to see strong growth in Canadian subscribers as reflected in the record number of new accounts created this year."

Mr. Matlin added that, "2004 marks the highest ever growth numbers seen in our sixteen year history, and we are very optimistic that the future potential is even greater than this, as we start to replicate our model in new markets. We are now ready to bring the AlarmForce technology to the US consumer, including the two-way voice and exclusive AlarmPlus line-cut features that have differentiated us from other alarm companies. Let me re-affirm that our company will continue to stay focused on the consumer, be it in Canada or the US, and it is gratifying that customers are recommending us more. It is our mission to provide a high level of quality, customer service and value, and to educate and let the consumer make their own choice."

Elaborating on the US expansion, Mr. Matlin said that "It is true that many dollars are wasted by companies because consumers do not connect with their message instantly. With so many channels hitting consumers it should be no surprise that little sticks in the consumer's mind. However, with AlarmForce the message is logical and delivered without pressure. We want to educate the consumer about their choices, promote awareness and be able to stay one step ahead of the burglar with features that are not otherwise offered by our competition. In our radio and television advertising, we continue to communicate what we believe is important information to the consumer about what AlarmForce has to offer. For example, the voice verification that AlarmForce successfully pioneered in Canada minimizes false alarms and proves to the burglar in an actual break-in that it has been detected and that officers are being dispatched. AlarmPlus line cut protection is another feature that is available exclusively to AlarmForce customers, allowing the alarm system to remain functional even in the event that the telephone line is compromised. In addition to our technological edge and mass-market appeal, we have the strong financial base to underwrite the resources necessary to build our brand equity in the US, one city at a time. And also we are able to do this using our proprietary business model, without duplicating back-office infrastructure and cost. Therefore I am confident that the company is uniquely positioned to deliver an unprecedented level of growth in the next few years."

AlarmForce is Canada's largest manufacturer and installer of two-way voice home alarms and line-cut protection, with Headquarters and Central Monitoring Station based in Toronto and ooffices in Canada and the US.

AlarmForce Industries Inc. (TSX:AF)