News Release
SECURTEK CONTINUES TO BUILD ITS CUSTOMER BASE AND GROW BUSINESS
April 30, 2001 - SecurTek Monitoring Solutions is continuing with its growth strategy by joining forces with Protec Security Systems, a security and monitoring company that serves customers in the Kamloops, British Columbia area. With this acquisition and dealer arrangement, the homes and businesses of Protec customers will now be monitored at SecurTek's headquarters and Monitoring station in Yorkton, Saskatchewan. Protec Security will continue to provide on site service and new sales in the area.
"SecurTek's strategy is to partner with security companies to help us grow our business and expand our market reach," said Al Rogers, President of SecurTek. "Protec has been in the security and monitoring business for 15 years, and is a very reputable company with a proven business record. Like SecurTek, Protec has a strong commitment to customer service and integrity in business practices. Acquisitions such as this, along with new account growth, have resulted in SecurTek expanding our employee base in Yorkton, and supporting economic growth for the city."
The investment in Protec's customer monitoring and other assets requires funds of about $1.6M. This is a continuation of a cabinet-approved strategy for SecurTek to expand its customer base, and thereby achieve the economies of scale that will return a profit to SecurTek's parent company, SaskTel.
"Protec welcomes this very positive move for our customers," said Larry Hegberg, owner and founder of Protec. "The combined strength of Protec and SecurTek will allow us to grow our businesses together. Protect customers will notice very little change as a result of this alliance, and the monitoring of their homes and businesses out of Yorkton is in good hands."
"SecurTek has successfully partnered with a number of Saskatchewan security firms, and it will continue to leverage SaskTel's state-of-the-art digital network to serve customers in more ways than basic phone service," said Don Ching, SaskTel President and CEO. "SecurTek's performance is on track to achieve its long-term business plans, and in fact we project it to be operating cash flow positive this year."
SecurTek Monitoring Services is a Canadian monitoring company that provides seamless security and monitoring services. It is a wholly owned subsidiary of SaskTel, the leading full service communications company in Saskatchewan, offering complete wireline, wireless, Internet and e-business solutions over a state-of-the-art, digital network. The web site for SecurTek is www.securtek.net.