SSN Staff  - 
Thursday, January 1, 2004

AlarmForce secures financing

TORONTO - Residential and commercial alarm company AlarmForce Industries announced in early December it had closed a previously announced bought deal financing led by Acumen Capital Finance Partners Limited to issue 1,000,000 common shares on a private placement basis. The price was $2.50 for gross proceeds of $2.5 million.

The company will use the net proceeds for general working capital purposes.

AlarmForce also saw an investment of a major shareholder increase to 17.6 percent of the company. The Ontario Teachers’ Pension Plan Board, Canada’s second-biggest pension fund, acquired another 596,000 shares, raising its holdings to approximately 1.8 million shares.
Eagle Broadband to service Las Vegas resort

LAS VEGAS - Eagle Broadband was selected to provide its broadband services to a new integrated community situated 17 miles from the Las Vegas Strip.

Eagle will provide broadband services such as network integration, subscription and premium video programming, billing and operational support services to the 2,600-acre development. Lake Las Vegas includes a residential area, golf and a resort destination area that surrounds a privately-owned 320-acre lake. The community will also feature hotels and retail/commercial establishments.

The community is also considering deploying a suite of home security products and monitoring services for residents and guests.
Home networking co. receives financing

MAYNARD, Mass. - A provider of home networking software and services has received an additional $4 million in financing from Polaris Venture Partners, a primary investor in the company.

Ucentric Chief Executive Officer Michael Collette said his company is uniquely positioned because it provides software to integrate into a variety of devices and provides low cost solutions for consumers to maximize music and video content across the home in a simplified manner.