Alarmguard Holdings, Inc. Signs Definitive Agreement for Acquisition of Sentry Protective Systems.ORANGE, Conn.--(BUSINESS WIRE)--March 10, 1998-- - Adds Approximately 26,000 Subscribers - Alarmguard Holdings, Inc. (AMEX AMEX See: American Stock Exchange : AGD AGD amebic gill disease. ) today announced that it has signed a definitive agreement for the acquisition of Sentry Protective Systems, headquartered in Malden, Massachusetts Malden is a city in Middlesex County, Massachusetts, United States. The population was 56,340 at the 2000 census. History This section has no references. You can Wikipedia by including appropriate citations. Please see the relevant discussion on the . , with an office in Portland, Maine Portland is the largest city in the U.S. state of Maine, with a 2004 population of 63,882. Portland is Maine's cultural, social and economic capital. Tourists are drawn to Portland's historic Old Port district along Portland Harbor, which is at the mouth of the Fore River and part . Sentry Protective Systems has approximately 26,000 subscribers. The purchase price for the Company will be approximately $26.5 million, subject to certain conditions to be met at the closing. Alarmguard anticipates the closing to be completed by the end of March 1998. Russell R. MacDonnell, Chairman and Chief Executive Officer of Alarmguard, said, "The proposed acquisition of Sentry Protective Systems will complete Alarmguard's footprint in the Northeast by significantly extending our presence in New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. and providing the Company with an operating base in the lucrative Boston market Boston Market (known before 1995 as Boston Chicken), headquartered in Golden, Colorado, is a chain of American fast-food restaurants. Founded in December 1985 in Newton, Massachusetts, the chain grew rapidly in the early and mid-1990s, filed bankruptcy in the late 1990s, and . As the dominant independent security company in the Boston area, Sentry will complement Alarmguard's consolidation strategy of acquiring regional alarm companies that are leaders in their market with strong monthly recurring revenue, low attrition rates and a solid customer base." Alarmguard sells and installs burglar and fire systems and provides security monitoring services and security system repair and maintenance services to homeowners and businesses, principally in the Northeast and Mid-Atlantic regions of the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . With over 70,000 current subscribers, Alarmguard provides its security alarm systems and services primarily under its trademark "Alarmguard". Certain statements in this release that are not historical fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause that actual results of Alarmguard Holdings to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors are discussed under the caption "Risk Factors" in a Registration Statement of Form S-4 (File No. 333-23307) filed with the Securities and Exchange Commission on March 14, 1997, and in other filings with the Securities and Exchange Commission. CONTACT: Alarmguard Holdings, Inc. Russell R. MacDonnell Chairman, Chief Executive Officer (203) 795-9000 or Investor Contact: Cheryl Schneider/Tessa Lavender Media: Michael McMullan Morgen-Walke Associates (212) 850-5600 |
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