AlarmForce Industries Inc.

AlarmForce Industries Inc.

December 03, 2009 08:38 ET

AlarmForce Closes 2009 Fiscal Year With Over 102,000 Subscribers

TORONTO, ONTARIO--(Marketwire - Dec. 3, 2009) - Joel Matlin, President and CEO, announced that AlarmForce Industries Inc. (TSX:AF) closed its fiscal year ended October 31, 2009 with total subscriber accounts increasing to just over 102,000 subscribers. Mr. Matlin said "The subscriber base at the close of 2009 represents a record in our entire 21 years of business, having increased by over 12 % from 2008.

"We are very excited to have achieved a double-digit growth rate during a period that has been tough for virtually all companies and industries. Our success is a testament to the value that our brand has delivered to consumers in the geographical area that we service, which extends to all major centres in Canada and across four States in the US."

"Mr. Matlin added that "AlarmForce creates each subscriber account organically through advertising programs which have proven very effective. In addition, our wireless interactive voice alarm systems and personal emergency response systems are designed, manufactured and monitored by us, creating value differentiation for our subscriber services."

AlarmForce Industries Inc. is Canada's largest manufacturer and installer of two-way voice home alarm systems and line-cut protection service with offices serving all major markets in Canada and strategically selected markets in the United States, with a base of over 102,000 subscriber accounts.

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