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Category: Investment, Defense
Defense Stocks; UNITED PROTECTION SECURITY GROUP INC. (TXS.V:UZZ) - F. RAMSOONDAR APPOINTED AS CO-CEO
Edmonton - December 16, 2010 (InvestorIdeas.com Newswire) S.Jorstad, Chairman and Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ.V) is pleased to announces that Fredy Ramsoondar has been appointed as CO-CEO of the Company, effective January 1, 2011.
Mr.Ramsoondar has been a key member of the management team since joining the Company in December 1999. He has been the Executive Vice President and Chief Financial Officer since 2005, a position he will continue to hold in addition to his new appointment.
Mr. Jorstad states "Fredy's extensive professional and industry experience enables him to contribute in a significant way to the long term growth strategies of the Company. His focus will be on growth in the advanced electronic security sector which with his strong financial and business background, will be fundamental to the Company's growth strategy over the next five years".
Mr. Ramsoondar will become involved in the development of acquisition and strategic marketing concepts while leading the financing and raising of capital for the Company.
Mr.Ramsoondar stated, "I'm very honoured by the confidence that the founder, Sig Jorstad, and the Board of Directors of the Company have shown in me. I look forward to the new challenges ahead. I am enthusiastic about working with the rest of the Executive Management Team and all other members of the Company in reaching our objectives in delivering positive changes and results for all our shareholders, clients and employees".
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', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts. You may also email Investor Relations at: iruzz@unitedprotection.com.
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.
The TSX Venture Exchange has neither approved nor disapproved the information contained herein.
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