SOURCE: Murphy Analytics

January 31, 2013 16:00 ET

Murphy Analytics Announces Initiation of Coverage on Global Security Agency Inc.

ST. LOUIS, MO--(Marketwire - Jan 31, 2013) - Murphy Analytics (MA) has initiated coverage on Global Security Agency Inc. (OTCBB: GSAG). The Initiation Report contains a detailed discussion of GSAG's business operations, market dynamics, macroeconomic data and indicators, financial results, potential cash flows, and risks. The Initiation Report is available at:

Analyst Patrick J. Murphy, CFA, notes in the report: "GSAG is a security solutions and risk management service company offering a wide range of security and risk management services to wealthy individuals, companies and other organizations... Led by a management team with a record of extensive military and private sector service and responsibility, GSAG has demonstrated the ability to earn contracts and perform profitably. Revenue for 2011 was $1.7 million and the Company reported positive net income for 2010 and 2011. While the operating performance was off significantly in 2012 as the Company expected, the recently announced contract with Pan Asian Chemicals is in indication that the strategy to expand the focus to China and other Asian markets opens up an opportunity that industry leader G4S has successfully targeted." 

About Murphy Analytics
Murphy Analytics is an independent investment research firm providing coverage of microcap stocks. MA helps inform readers about equities without extensive analyst coverage. MA is owned by Patrick J. Murphy, who has nearly 20 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's.

Disclosure: Neither MA nor the analyst owns or trades the shares of covered companies. MA was compensated $5,000 in advance of the publication of this report. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results. MA provides no assurance as to the subject company's plans or ability to effect proposed actions and cannot project capabilities, intent, resources, or experience. This report is neither a solicitation to buy nor an offer to sell securities and is to be used for informational purposes only and should not be used as basis for investment decisions. MA is not an investment advisor or broker/dealer and this report does not provide investment advice.

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