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Judge OK’s NYMP sale

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Thursday, October 20, 2011

It’s official: A federal judge issued an order yesterday giving the green light for the financially embattled New York Merchants Protective Co. to be sold to Professional Security Technologies LLC in order to pay off creditors.

Proposed NYMP sale pending

But former owner of century-old security company claims it’s a 'fire sale' for just pennies on the dollar
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09/30/2011

FREEPORT, N.Y.—The New York Merchants Protective Co. Inc., a financially embattled New York-based alarm company that has been in the same family for about 100 years, was put up for sale late this summer.

NYMP still up for sale and Pro 1 proactive

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Thursday, September 29, 2011

Here are a couple items of interest:

One is a short update on something I wrote about earlier this month: The proposed sale of the New York Merchants Protective Co. The sale is still awaiting a federal judge’s decision.

Termination of NMYP president upheld

Judge said receiver running financially troubled company had right to fire Wayne Wahrsager
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05/05/2011

FREEPORT, N.Y.—A federal judge this week upheld the firing of Wayne Wahrsager from his job as president of New York Merchants Protective Co., Inc. (NYMP).

Rx for former Smith and Wesson dealers?

NationWide readies new ‘Security Doctors’ program
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04/28/2011

FREEPORT, N.Y.—As members of the defunct Smith & Wesson Security Services dealer program face an April 30 deadline to strip away that gun manufacturer’s name from all their security products, a substitute dealer program is taking shape: Security Doctors Alarm Services.
NationWide Digital Monitoring Co., which previously ran the Smith & Wesson dealer program, should have its Security Doctors dealer program  fully up and running by June 1, according to Aaron Wahrsager, NationWide president.

NYMP court hearing set for April 27

NYMP president Wahrsager says company is being mismanaged by receiver
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04/21/2011

FREEPORT, N.Y.—Wayne Wahrsager, president of New York Merchants Protective Co., Inc. (NYMP)—a full-service alarm company here that’s been in his family for more than 100 years—contends the company’s court-appointed receiver is grossly mismanaging the business, causing “staggering waste and losses,” and also trying to fire the person vitally needed to ensure the business survives: Wayne Wahrsager.