REGINA,
SK, Sept. 6, 2022 /CNW/ - SSC Security
Services Corp. ("SSC" or the "Company") (TSXV: SECU)
(OTCQX: SECUF), a leading Canadian provider of physical and cyber
security services, is pleased to provide the following update to
shareholders.
In recent weeks, SRG Security Resource Group Inc. ("SRG") and
Logixx Security Inc. ("Logixx"), both wholly-owned subsidiaries of
SSC, have won several new significant multi-year security contracts
serving multiple industry sectors in several provinces. Among the
more significant contracts are the following:
- A multi-year cyber security contract with a major Vancouver-based clean energy company to
provide a full suite of cyber security services, including
vulnerability and risk analysis, penetration testing, threat
response and mitigation, and 24/7 Managed Security Services (MSS),
which includes continuous threat monitoring of all devices across
the entire organization;
- A multi-year cyber security contract with a major western
Canadian financial institution;
- A multi-year multi-million-dollar cyber security contract with
a major western Canadian utility provider;
- Several new multi-million-dollar contracts with major
municipalities for physical and mobile security services. These
contracts have resulted in the recent hiring of hundreds of new
employees; and
- A multi-year physical security contract with a high-profile
Toronto tourist attraction.
These contracts have start dates through the current fiscal
quarter and the next subsequent quarter.
"We are very excited to announce these contract wins to our
shareholders," said Doug Emsley,
Chairman, President & CEO of SSC. "Our transformation into a
truly national security company with our recent purchase of Logixx
Security is translating into new and expanded opportunities across
the country, as anticipated, and is facilitated by our substantial
and solid balance sheet. I want to congratulate our energetic team
across the country on these recent wins and look forward to
pursuing continued growth opportunities. There will be ups and
downs in our business as we go forward but our recent contract wins
combined with a smooth integration of our Logixx acquisition make
us optimistic about the future prospects for our shareholders."
The Company also announced that it has recently uploaded a new
corporate presentation to its website at:
https://securityservicescorp.ca/presentations/.
ABOUT SSC
SSC Security Services Corp. is a leading provider of physical
and cyber security services to corporate and public sector clients
across Canada. For more
information, please visit www.securityservicescorp.ca.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE
EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF
THIS RELEASE.
Forward Looking
Statements
This release includes forward-looking statements regarding
SSC and its business. Such statements are based on the current
expectations and views of future events of SSC's management. In
some cases the forward-looking statements can be identified by
words or phrases such as "may", "will", "expect", "plan",
"anticipate", "intend", "potential", "estimate", "believe" or the
negative of these terms, or other similar expressions intended to
identify forward-looking statements. The forward-looking events and
circumstances discussed in this release may not occur and could
differ materially as a result of known and unknown risk factors and
uncertainties affecting SSC, including risks regarding the security
industry, the agricultural industry, economic factors and the
equity markets generally and many other factors beyond the control
of SSC. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are
based on assumptions and involve known and unknown risks,
uncertainties and other factors which may cause our actual results,
performance or achievements, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statement or
information. Accordingly, readers should not place undue reliance
on any forward-looking statements or information. Except as
required by applicable securities laws, forward-looking statements
speak only as of the date on which they are made and SSC undertakes
no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events,
or otherwise.
SOURCE SSC Security Services Corp.