Garda World Security Corporation
TSX : GW

Garda World Security Corporation

December 08, 2006 03:00 ET

Sale of Kroll Security International to Garda

NEW YORK, NEW YORK--(CCNMatthews - Dec. 8, 2006) - Garda World Security Corporation (TSX:GW) and Kroll, Inc., a wholly-owned subsidiary of Marsh & McLennan Companies, Inc. (MMC) yesterday announced that they had completed the sale of Kroll's international high-risk asset and personnel protection division, Kroll Security International (KSI) to Garda.

The transaction provides significant benefits to both parties and ensures continuing outstanding service to KSI's clients. The sale of KSI is an integral part of Kroll's strategy to focus on higher-margin segments of the security business, including training, consulting and homeland security solutions. The acquisition of KSI is a significant expansion of Garda's global presence and enables Garda to better support its clients in high-risk regions around the world.

Both parties would like to clarify the scope of certain services they will each be providing following the transaction.

The provision of Kidnap & Ransom response services for the insured clients of St Paul Travelers Companies, Inc (STA) will be carried out by Kroll. Kroll will also continue to provide short term executive protection services.

Garda and Kroll look forward to growing their relationship and to providing value-added services to their clients.

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