Guardian Adds Former Protection One CEO to Board of Directors
Security Industry Veteran To Help Company Capitalize on Emerging Mobile Monitoring Opportunity
SANTA MONICA, Calif., November 25, 2002 - Guardian Mobile Monitoring Systems, Inc., the leading provider of GPS-based, mobile security solutions for the security alarm monitoring industry, is pleased to announce the appointment of Mr. John E. Mack III to the company's Board of Directors.
Mr. Mack formerly served as the Chief Executive Officer and member of the Board of Directors of Protection One, Inc. (NYSE: POI), the nation's second largest provider of life safety and property monitoring services. During his career at Protection One, Mr. Mack was involved in over 200 acquisitions and oversaw the company's growth from approximately 40,000 subscribers and $10 million in revenue to more than 1.6 million subscribers, over $600 million in revenue and an enterprise value of over $2 billion. Mr. Mack is currently the Chief Executive Officer of USBX Advisory Services, a middle-market investment bank he co-founded in 2000 with backing from The Carlyle Group and Evercore Ventures.
"My experience with monitored mobile security services dates back to the mid-1990's while at Protection One," stated Mack. "Recent advancements, however, in GPS location technology and wireless communications networks have set the necessary foundation for this industry to experience rapid, tremendous growth. The Guardian team and their comprehensive technical and business solution impressed me. I believe they are well-positioned to capture significant market share in this exciting sector."
"Security alarm monitoring companies - with their 24/7 operational infrastructure and established trust relationship with tens of millions of commercial and residential customers - makes them the natural provider for the monitored mobile security services" commented Ray Fast, Chief Executive Officer of Guardian. He added, "John Mack's long history and success in the security alarm monitoring industry will be instrumental as Guardian continues to grow its alarm industry partnerships. We are excited to have John on the team as his addition positions us strongly for future growth.
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About Guardian Mobile Monitoring Systems
Guardian Mobile Monitoring Systems, Inc. is the leading provider of GPS-based, mobile security solutions for the security alarm monitoring industry. Guardian's patent-pending system enables security companies to expand from monitoring stationary items such as buildings and homes to monitoring mobile items of value - vehicles, assets and people. Guardian is a privately held corporation headquartered in Santa Monica, California with offices in Vancouver, British Columbia. For more information, please visit www.guardianmms.com.
Company Contact:
Rob Goehring
Vice President, Marketing
Guardian Mobile Monitoring Systems, Inc.
604.683.3106
rgoehring@guardianmms.com |
