Garda World Security Corporation

Garda World Security Corporation

July 14, 2008 09:00 ET

Garda Sees Continued Strong Sales Momentum in Canadian Physical Security Sector

Second Quarter Sales to Date Exceed $50 Million in New and Renewed Business

MONTREAL, QUEBEC--(Marketwire - July 14, 2008) - Garda Security Group, Canada's premier physical security company and a subsidiary of Garda World Security Corporation (TSX:GW) (Garda), one of the most trusted consulting, investigation and security firms in the world, today reported that it is experiencing strong sales momentum in its Canadian Physical Security business in its current quarter.

Garda launched a customer optimization initiative in September 2007 to realign the company's physical security operations across Canada by focusing on premium, more profitable accounts. The initiative also targeted converting local and regional business into national accounts. Since its inception, the strategy has produced record results for that business group.

In the current (second) quarter, the company has completed new major sales in the oil & gas, mining, telecommunications, airline, and construction industries, major retail organizations, universities and government agencies. These new sales, which exceed $50 Million, include:

- A $20 million, four-year agreement with one of the largest telecommunications companies in Canada.

- A five-year, $10 million contract with a government agency in Quebec

- A six-year national agreement with a Canadian media and communications company valued at $6 million over the life of the contract.

- A three-year agreement with a large mining company valued at $5.1 million.

- A three-year agreement with a major airline valued at $2.2 million per year.

- A one-year contract with a large petrochemical company valued at $1.1 million

"This strong growth, which includes a number of multi-year, multi-million dollar sales, comes as a result of our efforts to focus on top-tier clients who recognize the value and importance of higher quality services," said Garda President and CEO Stephan Cretier. "We are improving the profitability of our physical security business as we drive our continued growth with the right strategy, resources and people to solidify our position as Canada's premier physical security provider."

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

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