Allwest Systems International, Inc. Reports Record Growth in Security Sector for First Quarter 2001.Business Editors DENVER--(BUSINESS WIRE)--May 2, 2001 Allwest Systems International, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets:ALLW) completed the first quarter of 2001 by more than doubling security project bookings over the same period last year. Security bookings exceeded $1.25 million. Allwest 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. Steve Pickett stated: "We are very pleased with our progress in 2001. Our research indicated that the security sector has been ripe for our business model and the first quarter results show that the potential is there. We expect our growth in security to accelerate throughout the year." Allwest Vice President Patrick Hamblin added: "Our security business partners like Lenel Systems International (www.lenel.com), Pelco (www.pelco.com) and Position Technology (www.postech.ca) are powering our growth in the security market. Last year, Allwest Systems committed itself to becoming the dominant regional provider of integrated security systems and our business model has been embraced by major organizations like Liberty Media, the National Wildlife Research Center and the Denver Police Department The Denver Police Department is the full service police department jointly for the City and County of Denver, Colorado, which provides the full spectrum of police services to the entire county, and may provide contractual security police services to special districts within the ." Allwest Systems International, Inc. (OTC Pink Sheets:ALLW), with over 60 employees, is a holding company for the Allwest group of companies providing Integrated Life Safety and Security Systems. These systems include Fire Alarm, Special Hazard In aircraft crash rescue and fire-fighting activities: fuels, materials, components, or situations that could increase the risks normally associated with military aircraft accidents and could require special procedures, equipment, or extinguishing agents. , Access Control, Digital Identification, Intrusion Detection See IDS and IPS. , Digital Video and Closed Circuit Television (CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television ) systems 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 company 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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