AlliedBarton Security Services to Acquire U.S. Business of Initial Security.KING OF PRUSSIA King of Prussia, industrialized suburban area (1990 pop. 18,406), Montgomery co., SE Pa. It has glass and steel fabricating, food processing, printing and publishing, and varied manufacturing (textiles, liquified petroleum gas, water-treatment and electrical , Pa. -- AlliedBarton Security Services Security services are state institutions for the provision of intelligence, primarily of a strategic nature, but also including protective security intelligence. Examples include the Security Service (MI5) and the Secret Intelligence Service (MI6) in the United Kingdom, and the , the largest American-owned and managed security services firm, today announced that it has signed an agreement with Rentokil Initial plc to acquire the security services business of Initial Security in the United States for approximately GBP GBP In currencies, this is the abbreviation for the British Pound. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 40 million. Subject to the receipt of antitrust approval, the transaction is expected to close by August 8, 2006. "We are very pleased to add Initial Security to the AlliedBarton Security Services portfolio," said Bill Whitmore, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AlliedBarton. "Initial's exceptional management team, together with its reputation for quality service and operational excellence, will enable us to enhance the quality of our security service offerings to clients of both AlliedBarton and Initial." About Initial Security U.S. Headquartered in San Antonio, Texas “San Antonio” redirects here. For other uses, see San Antonio (disambiguation). San Antonio is the second most populous city in Texas, the third most populous metropolitan area in Texas, and is the seventh most populous city in the United States. As of the 2006 U.S. , Initial Security is one of the leading providers of security services in the Unites States. Founded in 1928 as Stanley Smith Security the company has a long track record of providing high quality security services to customers in a wide group of business sectors. Today, Initial Security provides manned guarding, mobile patrol, consulting and value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. services to more than 1,600 customers through its national network of 45 branch offices and 8,000 security officers. About AlliedBarton Security Services AlliedBarton Security Services, headquartered in King of Prussia, is the largest American-owned and managed security services firm. Since 1957, AlliedBarton has been providing quality security services and highly trained personnel to clients in a number of industry sectors, including commercial real estate, higher education, healthcare, residential communities, manufacturing and distribution, financial institutions, shopping centers and other commercial facilities. Our more than 39,000 employees and over 70 offices nationwide service a client base that includes more than 125 Fortune 500 companies across the country. Selected as one of Training magazine's "Top 100" training companies for 2006, AlliedBarton's award-winning programs, on-the-job and web-based training focuses on preparing employees in a variety of security-related topics. On the net: www.AlliedBarton.com. Forward-Looking Statements Statements in this press release which are not historical facts, including statements about plans, strategies, beliefs and expectations of Allied Security Holdings LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control and its subsidiaries (together, the "Company"), are forward-looking and subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions 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. Forward-looking statements speak only as of the date they are made, and, except for the Company's ongoing obligations under U.S. federal securities laws, the Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Such forward-looking statements include, without limitation, the Company's expectations and estimates about future events. Actual results may differ materially from such forward-looking statements for a number of reasons, including those set forth in the Company's filings with the Securities and Exchange Commission (which may be viewed on the SEC's website at http://www.sec.gov). |
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