TORONTO, Jan. 4, 2013 /CNW/ - AlarmForce Industries Inc. AF is providing this update on the strategic review process that was announced by the Company's Board of Directors on August 2, 2012. The process of reviewing strategic options is being overseen by a Special Committee of the Company's Board of Directors comprised of four independent Directors. The Company continues to explore and evaluate a range of strategic options with a view to enhancing shareholder value. The Company has not set a definitive schedule to complete its process.
There can be no assurance that the strategic review process will result in any change in the operation or ownership of the Company. AlarmForce does not intend to make further announcements with respect to the process until such time as it deems appropriate.
About AlarmForce
AlarmForce provides security alarm monitoring, personal emergency response monitoring, video surveillance and related services to residential and commercial subscribers throughout Canada and selected centers across the United States. AlarmForce is a leading provider of two-way voice alarm systems in Canada. More information about the Company's products and services can be found at www.alarmforce.com and www.videorelay.com.
Forward-Looking Information
This news release may include forward-looking information including
opinions, assumptions, estimates, management's views and expectations,
the planned strategic review of AlarmForce's business and opportunities
and the identification, evaluation and negotiation of potential
transactions, if any. When used in this document, the words "believe,"
"may," "will" and similar expressions are intended to be among the
statements that identify forward-looking statements. Forward-looking
statements are subject to a wide range of risks and uncertainties, and
although AlarmForce believes that the expectations represented by such
forward-looking statements are reasonable, there can be no assurance
that such expectations will be realized. In addition, there can be no
assurance that a transaction (including a sale of AlarmForce) will
result from the strategic review and if a transaction is proposed,
there can be no assurance that it will be completed as proposed or at
all. Any number of important factors could cause actual results to
differ materially from those in the forward-looking statements
including, but not limited to the state of domestic capital markets,
delays resulting from inability to obtain required regulatory
approvals, changes in general economic conditions and other factors
more fully described from time to time in the reports and filings made
by AlarmForce with securities regulatory authorities. Readers are
cautioned not to place undue reliance on forward-looking statements, as
no assurances can be given as to future results, levels of activity or
achievements. Except as required by applicable securities laws,
AlarmForce does not undertake any obligation to publicly update or
revise any forward-looking statements.
SOURCE Alarmforce Industries Inc.
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