Tri-S Security Extends Forbearance Agreement Through January 1, 2010
2008年12月18日 - 10:30PM
PRニュース・ワイアー (英語)
ATLANTA, Dec. 18 /PRNewswire-FirstCall/ -- Tri-S Security Corp.
(NASDAQ: TRIS), a provider of security services and equipment for
government and private entities, today announced the signing of an
amendment to extend through January 1, 2010, the forbearance period
under its credit facility with its senior lender. This extension,
in conjunction with the completion of its recent tender offer in
November 2008, enables Tri-S to continue to explore all strategic
alternatives in the pursuit of restructuring its Balance Sheet.
About Tri-S Security Corp. Based in Atlanta, GA, Tri-S Security
Corp. (NASDAQ:TRIS) is a provider of security services for
government and private entities. Security services include
uniformed guards, personnel protection, access control, crowd
control and the prevention of sabotage, terrorist and criminal
activities. As a leading aggregator of elite security companies,
Tri-S Security is designed to build a strong enterprise in which to
service a unique customer base that ensures America's safety at
home and work. Tri-S Security assumes responsibility for the
marketing, infrastructure and overall operational performance for
its subsidiaries. Tri-S Security's management leverages highly
trained government officers, experienced industry leaders, proven
financial executives and infrastructure experts to consolidate the
fragmented security industry into one efficient and effective
security force. Forward-Looking Statements This press release
includes "forward-looking statements" within the meaning of the
Federal securities laws. Forward-looking statements are commonly
identified by such terms and phrases as "should", "expects",
"plans", "anticipates", "believes", "estimates", "projects" and
other terms with similar meaning indicating potential impact on our
business. Although we believe that the assumptions upon which such
forward looking statements are based are reasonable, we can give no
assurance that these assumptions will prove to be correct.
Important factors that could cause actual results to differ
materially from our projections and expectations are disclosed in
our filings with the Securities and Exchange Commission, including
the "Risk Factors" section set forth in our Annual Report on Form
10-K for the year ended December 31, 2007 and in our Quarterly
Reports on Form 10-Q filed subsequent thereto. All forward-looking
statements in this press release are expressly qualified by such
cautionary statements and by reference to their underlying
assumptions. We do not undertake to publicly update the
forward-looking statements contained herein to conform to actual
results or changes in our expectations, whether as a result of new
information, future events or otherwise. You may obtain and review
our filings with the Securities and Exchange Commissions by
visiting http://www.sec.gov/. DATASOURCE: Tri-S Security Corp.
CONTACT: Ronald Farrell, Chairman and Chief Executive Officer of
Tri-S Security Corporation, +1-678-808-1540, , or Investor
Relations Counsel for Booke and Company, Inc., +1-212-490-9095 Web
Site: http://www.trissecurity.com/
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