Edmonton, Alberta CANADA - July 15, 2011 (InvestorIdeas.com Newswire) - United Protection Security Group Inc. (TSX-V:UZZ) (UPSG or the Company), announces that the Closing Date for the acquisition of an Edmonton based Video Verification Security Systems company ("the Target"), as previously reported on June 14, 2011, has been postponed until August 31, 2011. The acquisition of the Target will be subject to the preparation and execution of a Definitive Purchase Agreement, as well as obtaining the approval of the board of directors and the TSX Venture Exchange, prior to that date.

Read more: Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) - Acquisition Closing Date...

Vicon Announces Patent Suit Settlement

Vicon Industries, Inc. (VII: NYSE-AMEX), a designer and producer of IP video security and surveillance systems, today announced that it has settled the patent litigation suit brought by Lectrolarm Custom Systems, Inc. (Lectrolarm). Under the settlement, the Company agreed to a one-time payment of $5 million to Lectrolarm in exchange for the release of all claims against the Company and the dismissal of its suit pending in the U.S. District Court.

Although the Company believes that the suit was without merit and has vigorously defended itself for over eight years it decided to settle the matter. Ken Darby, Vicon’s Chairman and CEO, said “the resolution of the suit allows the Company to move forward with its strategic plans after years of management distraction and financial uncertainty since the suit was brought in 2003”.

Read more: Vicon Industries Inc ( VII )

Point Roberts, WA - July 7, 2011  Investorideas.com, an investor research portal covering multiple stock sectors including defense and security stocks, presents a sector close up on defense and security stocks June 6th . The House began debate on July 6th that could potentially increase the defense budget by $17 billion for 2012, but there is a direct message from the President on where he wants defense spending to go.

At a recent town hall meeting, President Obama stated "The nice thing about the defense budget is it's so big, it's so huge, that, you know, a one percent reduction is the equivalent of the education budget."

Some of the smaller companies in the sector including Visualant, Incorporated (OTCBB: VSUL), a company that has developed a light-based security technology, aren’t directly impacted by budget cuts.

Read more: Defense Stocks Trading for July 6th; KTOS, LMT, RTN, OTCBB: VSUL

EDMONTON - July 6, 2011 (InvestorIdeas.com Newswire) - F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. (TSX-V:UZZ) (UPSG or the Company) is pleased to announce that the Company has entered into an agreement with Atlas Alarms to provide Emergency Mobile Response to one of the world's largest restaurant chains with locations across Western Canada.

 

F.V.Ramsoondar stated: "Our Mobile Patrol Fleet is equipped and ready to service several hundred locations, in numerous cities, to assist in protecting patrons and employees, as well as the physical integrity of these facilities. Response is triggered by panic alarm activation in any of these locations when restaurant staff requires timely attendance from our uniform guards and marked security vehicle to deter criminal activity or de-escalation of any situation, which may disrupt customers, or the orderly nature of business."

Read more: Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) - Expanded Emergency Response...

EDMONTON - June 30, 2011 (InvestorIdeas.com Newswire) - F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. (TSX-V:UZZ) (UPSG or the Company) is pleased to announce that the Company has released its Q1- 2011 results.

F.V.Ramsoondar stated: "The results for the quarter do not reflect the results of the restructuring and cost management that the Company's new management has initiated. There were several significant changes made during the second quarter of 2011, which will impact the results of Q2 and the balance of 2011 in a significant way. I am confident that our shareholders will see positive changes in the results of the Company going forward."

Read more: Security Stocks; United Protection Security Group Inc. (TSX-V: UZZ) - Q1 RESULTS