Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of corporate and industrial security systems and personnel, announces today that the majority shareholders have elected Michael Gelmon and Cory Gelmon as Directors of the Board. R. Michael Lagow continues to serve his term as Director and CEO for the Company.
Mr. Michael Gelmon has replaced Mr. Tom Montgomery as Chairman of the firm and Cory Gelmon has been elected Director and appointed as the new Chief Financial Officer, replacing Mr. Dan Miller. Both Messrs Gelmon have been and are currently Officers and Directors of various publicly traded companies. Previously, the Gelmons were founding shareholders, Directors and Officers of the Domino’s Pizza of Canada, Ltd. (the Domino’s Pizza Master Franchisor in Canada). Both Gelmons graduated from the University of Calgary and each hold law degrees from the University of London.
R. Michael Lagow, Safeguard’s CEO, added, “The Gelmons bring a wealth of public experience in corporate finance and corporate governance to Safeguard. We are aligning the Company to grow rapidly through multiple acquisitions and the Gelmons will spearhead that effort.”
Mr. Lagow founded SYSTEMSgroup of Dallas (www.systemsgroup-us.com), now a wholly owned subsidiary of Safeguard and serves as the firm’s Vice Chairman and CEO. He joined Safeguard in July 2005. Prior to joining the firm, Mr. Lagow held various executive positions in the security industry for the past thirty-four years. His primary experience, until November 2004, was in large scale integrated security solutions. Since that time, he has specialized in security staff outsourcing, developing a new market for the Company, while securing on the largest security contracts in the southwestern US, which provides security services to Texas’ largest power utility company.
About Safeguard: (www.safeguardsecurityholdings.com)
Through its operating subsidiaries and divisions, Safeguard is a single source security solutions provider, integrating technical and physical security assets. The company is organized along three distinct lines of business; Technical Systems, Security Personnel and Security Outsourcing Solutions. Its operations are directed from its offices in Dallas, Texas.
Forward-Looking Statements:
Statements which are not historical facts contained in this release are forward-looking statements, such as “immediately accretive” that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers’ preferences and trends. The words “estimate,” “possible,” and “seeking” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
© 2009 Safeguard Security Holdings, Inc. The information herein is subject to change without notice. Safeguard shall not be liable for technical or editorial errors or omissions contained herein.
Safeguard Security Holdings, Inc.
R. Michael Lagow, 214-560-2268
michael.lagow@sshsmail.com