SOURCE: Stronghold Industries

March 19, 2007 09:30 ET

Stronghold Security Arm Showing Strong Sales Performance

Work in Progress and Sales Show Double Digit Increases

SANTA MONICA, CA -- (MARKET WIRE) -- March 19, 2007 -- Stronghold Industries, Inc. (PINKSHEETS: SGDS), a Southern California-based premium intelligent home provider, today provided its shareholders with an update on the current performance of its residential security unit, Moore Protection Inc.

In an informal communication with a major shareholder dated March 16, 2007, Stronghold's President Tony Breeden, JD stated: "...The Moore Protection name is becoming synonymous with high quality and world-class customer service in the most affluent areas of Los Angeles. We are pleased that this strong reputation in the market is now starting to be reflected in its financial performance. Moore Protection revenue has grown by 35% so far this year, and gross margins have increased substantially. More importantly, they have generated a backlog of contracts in progress worth over $200,000, which is roughly double their year-to-date performance in 2006."

"The new home automation technology in the Elk security system is now outselling the more traditional alarm systems by a factor of almost two to one, and camera system sales remain brisk. The relationship with SSA Security Group remains strong, but there are no new milestones to report... Don Moore and his team are also in the planning stage of a new, very large project for a 'household name' in the Music industry. As always, we can't divulge names, but I guarantee that you have owned the music by his group since you were a kid..." said Breeden.

"...The phone is ringing off the hook. Moore is bursting at the seams with new activity and it is exciting to be a part of their growth..." added Breeden.

About Stronghold Industries, Inc.

Stronghold, a CorpHQ (PINKSHEETS: COHQ) portfolio company, provides end-to-end premium intelligent home solutions to its rapidly growing client base in the most affluent areas of Southern California. Through a horizontally integrated strategy encompassing a wide range of technologies and disciplines, Stronghold is positioning itself as a leading supplier of premium home technologies and services.

Forward-Looking Statements

Any statements made in this press release that are not based on historical facts are "forward-looking statements," as such term is defined in the Private Litigation Reform Act of 1995. Although such statements are based on management's current estimates and expectations, and currently available competitive, financial, and economic data; forward-looking statements are inherently uncertain. We, therefore, caution the reader that there are a variety of factors that could cause business conditions and results to differ materially from what is contained in our forward-looking statements. For a description of some of the factors which may occur that could cause actual results to differ from our forward-looking statements please refer to our 2005 Voluntary Annual Report, and in particular the discussions contained under "Risk Factors."

Contact Information

  • Contact:
    Investor Relations Dept.
    (310) 683-0410