Briefs

SSN Staff  - 
Sunday, August 1, 2004

Brink’s announces quarterly dividend
RICHMOND, Va. - In mid-July, The Brink’s Company, the parent corporation of Brink’s Home Security, declared a regular quarterly dividend of 2.5 cents per share on its common stock. The dividend will be paid to shareholders on Sept. 1.

In addition to the residential security division, The Brink’s Company also oversees Brink’s Inc., a provider of secure transportation and cash management services, and freight-transportation company BAX Global.
Home Technologies acquires Digitech
BELLEVUE, Wash. - Home Technologies, a residential systems integrator, has acquired Digitech Home Systems.

Digitech, a privately held residential integrator started in 2000, had operating revenues exceeding $7 million in 2003.

In a prepared statement, Home Technologies chief executive officer Lee Travis said the company plans to build upon Digitech’s current business model for continued expansion throughout the Western United States.

As part of the agreement, Digitech will change its name to Home Technologies-Bellevue and will become a wholly owned subsidiary of Home Technologies.

Company officials did not release the purchase price of the stock and cash transaction.
Shelterguard to pay for do-not-call violations
COLUMBUS,Ohio - Shelterguard Systems has agreed to pay $25,600 to 74 consumers and $40,000 to the state in a settlement for its violations of the federal “do-not-call” law, reported The Columbus Dispatch.

Approximately 54 consumers complained to authorities before the state government filed a lawsuit against the alarm company in December 2003. Those consumers will receive awards of $400, while 20 others, who complained of the company’s violation after the lawsuit was filed, will receive $200.

The company will also pay a civil penalty of $50,000, although half was waived as long as the company does not violate the law again.