Argyle Security, Inc. Appoints Donald F. Neville as Chief Financial Officer.SAN ANTONIO San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. -- Argyle Security, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ARGL.OB), a service and solutions provider in the physical electronic security industry, today announced that it has appointed Donald F. Neville as its Executive Vice President and Chief Financial Officer, effective September 7, 2007. Neville, 41, joins Argyle with two decades of professional experience and has served as CFO See Chief Financial Officer. 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 private and public companies in the high technology, internet marketing See Internet advertising. services and manufacturing industries manufacturing industries npl → industrias fpl manufactureras manufacturing industries npl → industries fpl de transformation . Neville's direct experience includes financial reporting (SEC and private), internal controls, strategic planning, mergers and acquisitions, capital markets activities and international operations, among other areas. Neville is also a partner of Tatum, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the largest CFO firm in the country providing a wide variety of companies with experienced financial executives, which will allow him access to a variety of professional resources provided by Tatum, LLC to its partners. Bob Marbut, Chairman and Co-CEO of Argyle Security, stated, "We are pleased to welcome Don to our senior management team. Having completed our first acquisition, this is an exciting time for Argyle Security. Don adds significant and relevant experience, which will help Argyle to effectively execute its integrated buildup strategy." Ron Chaimovski, Vice-Chairman and Co-CEO of Argyle Security, added, "Don has a strong track record as a financial professional. We believe Don's leadership skills and financial management expertise will play a critical role in our growth, particularly as we continue to explore new acquisition opportunities in the fragmented security industry." Neville previously held executive positions at ClearCube Technology, Tanisys Technology, Mall.com, Harvard Technologies, Plasmaco, and Technology, Manufacturing and Design, Inc. He began his career at Deloitte and Touche and has a Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Accounting from Fordham University. About Argyle Security, Inc. Formed in 2005 and headquartered in San Antonio, TX, Argyle Security's goal is to become a leading global provider of services and solutions in the physical electronic security industry through an integrated buildup strategy. Argyle's channel focus is Video Surveillance, Access Control, Perimeter/Outdoor Protection, Intrusion Protection, Fire Detection and Threat Analysis, serving selected commercial, governmental and residential markets. In July 2007, Argyle acquired ISI ISI International Sensitivity Index, see there Security Group ("ISI"), the parent company for three rapidly growing service and solution providers in the physical security industry: ISI Detention Contracting ("ISI-Detention"), Metroplex Control Systems ("MCS-Detention"), and Metroplex Commercial Fire and Security Alarms ("MCS-Commercial"). ISI Detention is one of the nation's largest providers of detention equipment products and service solutions. MCS-Detention and MCS-Commercial specialize in turnkey, electronic security systems for facilities that include unique engineering competencies and proprietary software products, which have security system integration capabilities as applied to the correctional facilities market as well as to commercial markets. ISI was founded in 1976. 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. Certain statements in this press release 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, as amended. When used in this press release, words such as "will," "believe," "expect," "anticipate," "encouraged" and similar expressions, as they relate to the company or its management, as well as assumptions made by and information currently available to the company's management identify forward-looking statements. Additional information concerning forward looking statements is contained under the heading of risk factors listed from time to time in the company's filings with the Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information. |
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