AlarmForce announces record new customer installs

SSN Staff  - 
Thursday, November 25, 2004

November 25, 2004

TORONTO, Ontario - AlarmForce Industries is celebrating the end of its 2004 fiscal year with a record number of new subscribers.
Last week, the company, a manufacturer and installer of two-way voice security systems in North America, announced that its new subscriber installations totaled 11,500 for the year ended Oct. 31, 2004. The addition of these new systems brings the total of AlarmForce’s monitored account base up to more than 48,000 subscribers.
Joel Matlin, president and chief executive officer of the company, said in a prepared statement that the growth was attributed to organic growth.
Installation numbers aside, the company has more planned before the end of the year. It announced a plan to expand its business into the United States in July and its first U.S.-based office is scheduled to open in Charlotte, N.C. by the end of the year.