AlarmForce Industries Inc.
TSX : AF

AlarmForce Industries Inc.

December 14, 2011 17:08 ET

AlarmForce Closes 2011 Fiscal Year Surpassing 124,000 Subscribers

TORONTO, ONTARIO--(Marketwire - Dec. 14, 2011) - Joel Matlin, President and CEO, announced that AlarmForce Industries Inc. (TSX:AF) closed its fiscal year ended October 31, 2011, with over 26,400 new accounts, bringing the total subscriber base to 124,076, an increase of 9% from 2010. Mr. Matlin said, "We are very pleased that AlarmForce has shown positive growth despite the ongoing uncertainty of the world economy. With our new VideoRelay technology as the catalyst, we are optimistic about the growth in subscribers for 2012."

Mr. Matlin continued, "To date, we are very pleased with the response to VideoRelay. We recently commenced mass advertising in Ontario and Quebec and the cross Canada rollout of VideoRelay will be completed by December 31st 2011. We will be progressively rolling out VideoRelay into the US markets and we anticipate a good uptake for this new and innovative system. VideoRelay is capable of being installed in existing customer's homes; bundled with new home alarm installations; installed in homes with competitor's systems or installed as a standalone system and we believe this flexibility gives us a significant market opportunity."

Mr. Matlin concluded, "The potential that VideoRelay offers, combined with our existing two-way voice product and our AlarmCare Personal Emergency Response System positions the company well for future growth. By continuing to invest in research and development, maintain strong levels of customer service, preserve economies of scale and continue to roll out VideoRelay, we are extremely optimistic about our future results and remain focused on our goal of having the company be the best value proposition to the consumer."

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. More information about VideoRelay may be found at www.videorelay.com.

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