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Category: Investment, Defense
UNITED ANNOUNCED PRIVATE PLACEMENT
Edmonton, Alberta - October 15, 2009 - Fredy V. Ramsoondar, Executive Vice-President and Chief Financial Officer of United Protection Security Group Inc. (“UPSG or the Company”), a Canadian-based company trading on the TSX Venture Exchange under the symbol (TSX-V: UZZ) announces that it has agreed to a non-brokered private placement of its securities consisting of the sale of 3,000,000 units at a price of $0.10 per unit ($300,000.00). Each unit will consist of one common share and one-half of a non-transferable share purchase warrant. One full warrant will entitle the holder to purchase one common share and will be exercisable for a period of five (5) years at a price of $0.125 per share. The participants in the private placement are Sig Jorstad, President and Chief Executive Officer and members of his immediate family. Proceeds of the private placement will be used for additional working capital. The private placement is subject to approval by the approval of the TSX Venture Exchange.
About United Protection Security Group Inc.
United Protection Security Group Inc. is an established security protection company; focused on high impact, high visibility, and high risk security situations, coupled with one of the broadest ranges of traditional private security services in the industry.
Delivering 21st Century Solutions to centuries old problems through a network of 'Elite Private Protection Professionals'.
Pro – Active and Progressive Management has moved the company into the ranks of, one of, the most dynamic security companies in Western Canada. With a strong foundation and a dedicated professional management team, we are moving forward into the next level in our development strategy.
United Protection Security Group Inc. is committed to providing its clients with a "superior quality service" at a competitive price. It is further committed to providing its employees and associates with the assistance, support, and opportunity to maximize their individual potential for excellence, peak performance and personal growth. It is the Company's policy and highest priority to protect the health and welfare of all its clients and employees and their respective property.
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com
To join the 'request for information', 'email alert' data base, go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts.
For further investor and media relations inquiries contact:
Fredy Ramsoondar, CFO
fredy.ramsoondar@unitedprotection.com
Tel: 780-465-8101
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
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