Business
Security Financing Services (SCYF.PK) forms Consulting Group to Target $100 Billion Security Industry through State and Local Governmental Entities
Security Financing Services (SCYF.PK) forms Consulting Group to Target $100 Billion Security Industry through State and Local Governmental Entities.
About this update from General European Strategic Invts Inc.
[{"type":"text","content":"Houston, May 30, 2007: Following on the heels of its March 5, 2007 announcement, Security Financing Services, Inc. (OTC Pink Sheets: SCYF), a provider of sophisticated, IP and physical security convergence solutions, announced today the formation of a new subsidiary to augment its physical security consulting practice. Sweetwater/Spillers, LLC is a Minority, Woman, and Disabled Veteran Majority-Owned and Managed Joint Venture Between The Spillers Group and SCYF's wholly-owned subsidiary, Sweetwater Security Systems, LLC.\nSCYF, whose operations include systems design and monitoring of remote video networks, formed the Sweetwater/Spillers consulting group in response to market demand for electronic security system design, installation, and network integration. The entire electronic security industry, along with fencing, lighting, guard services, armored transport and patrol, generates more than $100 billion annually according to industry analyst J.P. Freeman.\nJohn Spillers is owner of the Spillers Group and former Managing Director, Protective Security Services at the Atlanta Housing Authority. Spillers spent more than 10 years with the City of Atlanta, directing protective services for the Atlanta Housing Authority. He also served as Venue Security Manager for Atlanta Committee for the Olympic Games. Spillers was among the first security directors in the nation to use digital video security systems to monitor public housing properties.\nMike Hardy, President and CEO of SCYF said \"the consulting group members, all experts in the field of leading edge physical security technology, bring over 70 combined years of experience to our company that we plan to use for advancing our growth strategy. Through this new entity we offer unparalleled technical expertise and industry experience, greatly expanding our ability to evaluate and provide cost-effective solutions to protect our customers' and their assets. Members of our group have deployed state-of-the-art physical security systems for the White House, the United States Treasury, dozens of local government entities and industrial sites around the globe, and thousands of commercial properties and family residences. We believe that John Spillers' group will be a significant contributor to SCYF's goal of reaching $15 million in revenue over the next 12 months.\nThis new joint venture n...