AlarmForce Industries Inc.
TSX : AF

AlarmForce Industries Inc.

December 06, 2010 16:45 ET

AlarmForce Closes 2010 Fiscal Year With Over 113,500 Subscribers

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) - Joel Matlin, President and CEO, announced that AlarmForce Industries Inc. (TSX:AF) closed its fiscal year ended October 31, 2010, with over 23,800 new accounts, bringing the total subscriber base to 113,500. Mr. Matlin said, "In terms of subscriber growth, 2010 has proven to be a stellar year for AlarmForce, especially in light of the economic issues which continue to affect both Canada and the United States. 

"We are proud to continue our trend of double digit growth, which we believe is a result of our extremely strong branding in Canada and the States of North Carolina, Ohio, Georgia and Minnesota, where we serve ten major centers: Charlotte, Raleigh-Durham, Greensboro, Columbus, Cincinnati, Cleveland, Dayton, Toledo, Atlanta and Minneapolis-Saint Paul."

Mr. Matlin continued, "The potential these markets offer to our two way voice home alarm system, our Personal Emergency Response System and our upcoming Application Based Video System, assures us that we may expect the robust growth of 2010 to carry on for the following year. By continuing to invest in research and development, maintain strong levels of customer service and preserve economies of scale, we are extremely optimistic about our future results." 

AlarmForce provides security alarm and personal emergency response monitoring and related services to residential and commercial subscribers throughout Canada and selected centers across the United States. AlarmForce is a leading provider of two-way voice alarm systems in Canada and sole provider of AlarmPlus, a wireless line-cut protection system. More information about the Company's products and services can be found at www.alarmforce.com.

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