Allwest Systems International, Inc. Awarded a 3.77 Million Dollar Integrated Systems Contract for the United States Penitentiary At Hazelton, West Virginia.Business Editors DENVER--(BUSINESS WIRE)--Feb. 20, 2001 Allwest Systems International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). PINK SHEETS:ALLW) has been awarded a $3.77 million integrated systems contract for 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. Penitentiary penitentiary: see prison. at Hazelton, West Virginia. This contract brings the Company's current backlog to $9.53 million. Included in these figures are the $3.73 million integrated systems contract for the Big Sandy United States Penitentiary in Inez, Kentucky. Allwest Systems (ALLW) also has in excess of $2 million in fire alarm and security contracts they will be completing over the next 4 months. Steve Pickett, 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. , stated: "...year-to-date, Allwest has booked over $8.7 million and should complete in excess of $8.5 in integrated life safety and security projects for the its fiscal year ending March 31, 2001. We expect our sales for the coming fiscal year to reflect a 17% increase to in excess of $10 million." Allwest Systems International, Inc. (OTC PINK SHEETS:ALLW), with over 55 employees, is a holding company for the Allwest group of companies providing Integrated Life Safety and Security Systems. These systems include Fire, Access Control, Digital Identification, Alarm, Digital Video and Closed Circuit Television (CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television ) for commercial and public facilities such as airports, offices, government, prisons, hospitals, schools and military bases. Founded over 48 years ago, Allwest Systems (ALLW) has seen CEO Steve Pickett and staff grow the Company from $1.8 million in sales in 1990 to its current levels, over a 450% increase. View the Allwest website at www.allwestsystems.com. Except for historical matter contained herein, the matters discussed in this news release are forward-looking statements and are made pursuant 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. provision of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, and 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. These forward-looking statements reflect assumptions, and involve risks and uncertainties, which may cause the company's business and prospects and actual results to differ materially from these forward-looking statements. |
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