Diversified Security Solutions Acquires Arizona Systems Integrator; Expands Scope of Company's Business Operations in Western United States.Business Editors SADDLE BROOK, N.J.--(BUSINESS WIRE)--Sept. 11, 2002 Diversified Security Solutions, Inc. (AMEX AMEX See: American Stock Exchange :DVS DVS Det Vill Säga (Swedish) DVS Descriptive Video Service DVS Dynamic Voltage Scaling DVS Driver and Vehicle Services (Minnesota) DVS Digital Video System DVS Digital Video Services ), a single-source end-to-end provider of integrated security systems, announced today that it has acquired Corporate Security Integration, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a private company based in Phoenix, Ariz. Corporate Security Integration (CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International ) is a three-year-old company specializing in commercial and government accounts. CSI, with annual revenues in excess of $1 million, currently has three major projects in progress with one being a $600,000 project under way to provide security systems and services at the Scottsdale, Ariz., airport. "The acquisition of CSI is consistent with our Company's two-tiered expansion program targeting a few selective acquisitions of profitable companies followed by strong internal core growth between offices," stated Irv Witcosky, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Diversified Security Solutions. "CSI will strengthen our newly established customer base for the security systems integration market on the West Coast." With major contracts involving airport technologies, CSI will work in tandem and complement the operations of Diversified Security Solutions' Henry Bros BROS Brothers BROS Benefits and Retirement Operations Section (King County, Washington) BROS Barnes and Richmond Operatic Society (London, UK) . Electronics integration division, which now has offices in New York, Dallas, Phoenix and Los Angeles metro areas. HBE has airport customers that include John F. Kennedy "John Kennedy" and "JFK" redirect here. For other uses, see John Kennedy (disambiguation) and JFK (disambiguation). John Fitzgerald Kennedy (May 29, 1917–November 22, 1963), was the thirty-fifth President of the United States, serving from 1961 until his assassination in International, LaGuardia, Newark, Teterboro, Stewart and now Scottsdale Airport. "CSI specializes in access control and CCTV CCTV abbr. closed-circuit television CCTV closed-circuit television (closed circuit television) utilizing similar vendors, products and technology used by HBE and is an established name in the systems integration market," Mr. Witcosky stated. Corporate Security Integration was formed by Patrick Warner through the acquisition of the Phoenix branch of Pinkerton Systems Integration and some of CSI's customers date back more than a decade. Mr. Warner, an industry veteran with 20 years of integration experience, will remain with the company and continue to market system integration under the names CSI and Henry Bros. Electronics, Arizona. Diversified Security Solutions, an established systems integrator, launched an expansion program into niche markets earlier this year. It set up a base of operations Noun 1. base of operations - installation from which a military force initiates operations; "the attack wiped out our forward bases" base air base, air station - a base for military aircraft army base - a large base of operations for an army on the West Coast by acquiring Los Angeles-based Photo Scan Systems, Inc., which specializes in security systems for medical facilities, and National Safe of California, Inc., based in Fullerton, which supplies vaults, locking devices, alarm security equipment and CCTV to many of the nation's financial institutions. CSI is the third company to join DVS' integration team. Diversified Security Solutions, Inc. is a turnkey provider of technology-based integrated electronic security solutions for commercial enterprises and governmental agencies. The Company has three operating units covering (1) emergency preparedness planning, (2) product development and manufacturing, and (3) integrated security systems. 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. There is no assurance that the acquisition of Corporate Security Integration, LLC, will result in increased sales and earnings for Diversified Security Solutions, Inc. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained under the heading of risk factors listed from time to time in the Company's prospectus and in filings with the U.S. Securities and Exchange Commission. We do not assume any obligation to update the forward-looking information. |
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