Garda World Security Corporation
TSX : GW

Garda World Security Corporation

May 05, 2009 09:01 ET

Garda Signs $200 Million Contract With Desjardins Group

MONTREAL, QUEBEC, CANADA--(Marketwire - May 5, 2009) - Garda World Security Corporation (TSX:GW) (Garda), one of the most trusted cash logistics, physical security and global risk consulting firms in the world, announced today the renewal of a five-year contract valued at $200 million with Desjardins Group, a long-time Garda Cash Logistics customer.

Under the terms of the contract, Garda will continue to provide Desjardins Group with full ATM and Treasury services, ATM maintenance, cash vault processing and branch office cash handling.

"Garda is proud of its long and mutually beneficial partnership with Desjardins," said Garda Chief Operating Officer, Cash Logistics, Canada, Patrice Boily. "As the largest cooperative financial group in Canada, it provides a full range of financial products and services to its members and clients and Garda is committed to providing the innovative cash management and logistics support it needs to continue its growth and financial leadership."

About Desjardins Group

Desjardins Group is the largest cooperative financial group in Canada, with overall assets of $152 billion, as at December 31, 2008. It comprises a network of caisses, credit unions and business centres in Quebec and Ontario, and some twenty subsidiary companies in life and general insurance, securities brokerage, venture capital and asset management, many of which are active across the country. Drawing on the expertise of its 42,000 employees and the commitment of its 6,300 elected officers, Desjardins offers its 5.8 million individual and corporate members and clients a full range of financial products and services. Its physical distribution network is complemented by leading-edge virtual access methods. To find out more, consult www.desjardins.com.

About Garda

Garda, one of the 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, 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: http://www.gardaglobal.com, http://www.gardacashlogistics.com and http://www.garda-world.com.

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