Garda World Security Corporation

Garda World Security Corporation

November 16, 2007 09:00 ET

Garda Reports Strong Sales From Customer Optimization Initiative in the Canadian Physical Security Sector

MONTREAL, QUEBEC--(Marketwire - Nov. 16, 2007) - Garda World Security Corporation (TSX:GW) (Garda), one of the most trusted consulting, investigation and security firms in the world, is pleased to announce today that the customer optimization initiative in the Canadian physical security sector announced in September 2007 produced solid results during the Third Quarter.

The company achieved record sales results in the Canadian physical security sector, securing multi-year contracts valued at up to $75 million over five years across the retail, telecom, natural resources and real estate sectors. These new contacts will begin contributing to the company's financial results within the next three months.

"We have focused intently on premium accounts with higher profit margins," said Marc-Andre Aube, Special Advisor to the CEO who joined Garda in June 2007 to assist in the realignment of the entire physical security operation in Canada. "At the same time, we are pruning lower margin business to further strengthen our account mix. Our efforts are producing results and we will continue this important initiative to solidify our position as Canada's premier physical security provider."

Garda will report its Third Quarter financial results as planned on Wednesday, December 12, 2007.

About Garda

Garda, the fifth largest integrated physical security and cash logistics firm worldwide on an annualized revenue basis, is well known for addressing complex security and investigations issues. As a leading provider in consulting, investigation and security services, Garda is recognized as one of the fastest growing companies with operations across Canada and the United States, Latin America, Europe, the Middle East, Africa, and Asia. With approximately 50,000 dedicated professionals, Garda offers integrated solutions in cash logistics, physical security, consulting and investigations, and enterprise intelligence services. Its team includes specialists and some of the most highly qualified and best-trained experts in the industry. For more information, visit: and

FORWARD-LOOKING INFORMATION -- This press release contains forward-looking statements reflecting Garda objectives, estimates, expectations and the impact of acquisitions on Garda's financial performance. These statements are identified by the use of verbs such as "believe", "anticipate", "estimate", and "expect" as well as by the use of future or conditional tenses. By their very nature, these types of statements involve risks and uncertainty. Consequently, reality may differ materially from Garda's projections or expectations.

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