Checkpoint Completes Aquisition of Alarmex.

THOROFARE, N.J.--(BUSINESS WIRE)--Checkpoint Systems, Inc. (NYSE:CKP) today announced that it has completed its acquisition of Alarmex, Inc., a privately-held CCTV manufacturer based in Eden Prairie, Minnesota. Terms were not disclosed.

Alarmex, Inc. designs, manufactures, installs and services a broad line of closed circuit television (CCTV) and point-of-sale exception monitoring systems for customized applications. The company also designs and installs burglar and fire alarm monitoring systems, primarily for retail markets. Alarmex had revenues of about $20 million in 1993.

President and Chief Executive Officer Kevin P. Dowd commented, "The addition of Alarmex will is an excellent complement to our loss prevention product line and expands our CCTV capabilities to include a variety of mid- and high-range products. The combination of Alarmex's state-of-the-art CCTV, point-of-sale exception monitoring and alarm monitoring systems with our superior sales and service organization is an important step in our strategy to establish Checkpoint as the retail industry's one-stop source for integrated loss prevention systems."

Checkpoint Systems, Inc. is a leading provider of integrated security solutions for the protection of assets in retail, industrial and institutional applications.

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