TORONTO, ONTARIO--(Marketwire - Jan. 4, 2013) - AlarmForce Industries Inc. (TSX:AF) is providing this update on the strategic review process that was announced by the Company's Board of Directors on August 2, 2012. The process of reviewing strategic options is being overseen by a Special Committee of the Company's Board of Directors comprised of four independent Directors. The Company continues to explore and evaluate a range of strategic options with a view to enhancing shareholder value. The Company has not set a definitive schedule to complete its process.
There can be no assurance that the strategic review process will result in any change in the operation or ownership of the Company. AlarmForce does not intend to make further announcements with respect to the process until such time as it deems appropriate.
AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance 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. More information about the Company's products and services can be found at www.alarmforce.com and www.videorelay.com.
This news release may include forward-looking information including opinions, assumptions, estimates, management's views and expectations, the planned strategic review of AlarmForce's business and opportunities and the identification, evaluation and negotiation of potential transactions, if any. When used in this document, the words "believe," "may," "will" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although AlarmForce believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. In addition, there can be no assurance that a transaction (including a sale of AlarmForce) will result from the strategic review and if a transaction is proposed, there can be no assurance that it will be completed as proposed or at all. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to the state of domestic capital markets, delays resulting from inability to obtain required regulatory approvals, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by AlarmForce with securities regulatory authorities. Readers are cautioned not to place undue reliance on forward-looking statements, as no assurances can be given as to future results, levels of activity or achievements. Except as required by applicable securities laws, AlarmForce does not undertake any obligation to publicly update or revise any forward-looking statements.