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Professional Security Technologies

Battered but unbowed

 - 
Tuesday, August 7, 2012

Wayne Wahrsager’s New York Merchants Protective Co. Inc.—an alarm company in existence for more than 100 years—is no more as the result of a $20 million breach-of contract lawsuit filed against the company and Wahrsager last year by Bank of America.

Judge OK’s NYMP sale

 - 
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
 - 
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.