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Universal Guardian Receives New Contract Raising the Total of 2006 Contract Awards Over $19 Million - Universal Guardian has been awarded a new contract from PAE-HSC Joint Venture to provide security support services to the Justice Sector Support Program for Afghanistan under PAE-HSC's prime contract with the United States Department of State.
Universal Guardian Receives New Contract Raising the Total of 2006 Contract Awards Over $19 Million

 

NewswireToday - /newswire/ - Pittsford, NY, United States, 2006/03/22 - Universal Guardian has been awarded a new contract from PAE-HSC Joint Venture to provide security support services to the Justice Sector Support Program for Afghanistan under PAE-HSC's prime contract with the United States Department of State..

   
 
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Universal Guardian Holdings, Inc. (OTC: UGHO) (BULLETIN BOARD: UGHO), a full service provider of non-lethal protection products, global supply chain logistics systems and security services to protect against terrorist, criminal and security threats to governments and businesses worldwide, today announced that its Services Group subsidiary, Secure Risks - Strategic Security Solutions (SR-SSSI), has been awarded a new contract from PAE-HSC Joint Venture to provide security support services to the Justice Sector Support Program for Afghanistan under PAE-HSC's prime contract with the United States Department of State.

Universal's SR-SSSI shall deploy mobile security teams in remote regions of Afghanistan to provide protection and defend against hostilities directed at personnel traveling throughout destinations in these regions. The subcontract shall be for an initial term of eleven months and thirty days. Given the ever increasing demand for tactical and physical security services in Afghanistan, PAE-HSC may exercise an option to extend the subcontract provided the Department of State extends the term of its task order with PAE-HSC.

"This new contract represents yet another expansion of our operations in the region and clearly demonstrates the confidence that companies such as PAE-HSC have in our organization's ability to deliver the highest level of strategic and tactical security services to the U.S. government agencies," stated Bruce Braes, Managing Director of SR-SSSI. "We continue to demonstrate solid revenue growth in our business group by securing new contracts. We now hold executed contracts in excess of $19.25 Million USD in value for FY 2006, along with options to extend existing contracts which, if exercised, are anticipated to have a projected value of $60 Million USD over the course of the next three years," continued Mr. Braes.

"Universal's Services Group continues to secure new contracts and thereby enjoy significant revenue growth and improved earnings," stated Michael Skellern, CEO of Universal Guardian. "With in-hand contract revenue already projected to exceed $19 Million for fiscal 2006, we expect to have another record year of consecutive financial performance," continued Mr. Skellern

About Universal Guardian Services Group

Universal Guardian's Secure Risks-SSSI, a wholly owned subsidiary is a global security group providing practical risk solutions, tactical security products and services, and critical infrastructure protection in today's most challenging environments from regional hubs located in the United States, United Kingdom, Europe, South America, Middle East, Africa, Central Asia and Asia Pacific.

About PAE HSC

PAE Government Services, Inc and HSC have combined their talents -- as PAE-HSC -- in recruiting, training, deploying, and sustaining US law enforcement personnel to offer the US Department of State the very best answer to developing, improving, and maintaining modern solutions to security problems worldwide.

About Universal Guardian Holdings, Inc.

Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies Universal Guardian Holdings, Inc., and its subsidiaries provide a comprehensive range of security products, systems, and services designed to mitigate terrorist and security threats worldwide. Universal Guardian Global Security Group comprises everything from strategic and tactical security services, business risk solutions, integrated and interoperable security systems, to non-lethal defense products. Universal Guardian companies features a wide variety of security applications for transportation and global supply chain security, maritime security and critical infrastructure protection for government and multi-national businesses on every continent.

Safe Harbor Statement

This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including those detailed from time to time in Universal Guardian Holdings, Inc.'s reports filed with the Securities and Exchange Commission. There can be no assurance that actual results will not differ materially from expectations. These risks factors include potential customer interest in the sale and delivery of its SeaPort Guardian™, Container Guardian™, SupplyChain Guardian™ as well as the production and sale of Cobra StunLight™ and Riot Defender™ and their accessories.

Further information is available on the Company's website:

Investor Relations Contact:

Investor Relations
Universal Guardian Holdings, Inc.
4695 MacArthur Court., Suite 300
Newport Beach, CA USA 92626
+1 949.861.8295 ext. 211

Company Contact:

Michael J. Skellern, CEO
Universal Guardian Holdings, Inc.
4695 MacArthur Court, Suite 300
Newport Beach, CA USA 92626
+ 1 949.861.8295
SOURCE: Universal Guardian Holdings, Inc.

CONTACT: Investor Relations, +1-949-861-8295, ext. 211, or Michael J.
Skellern, CEO, +1-949-861-8295, both of Universal Guardian Holdings, Inc.

 
 
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Universal Guardian Receives New Contract Raising the Total of 2006 Contract Awards Over $19 Million

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