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Problems plague Platinum Protection

Summer sales company reportedly laid off employees and is now facing $2m lawsuit from Monitronics
 - 
02/15/2012

AMERICAN FORK, Utah—Platinum Protection, a leading summer-sales-model security company based here, reportedly laid off almost all its employees on Feb. 2, including corporate staff, sales representatives and technicians.

Kenco acquires in Bozeman

Montana security company also installs security system in the All-American Home built to showcase American-made products
 - 
02/15/2012

BILLINGS, Mont.—Kenco Security and Technology, an electronic security company based here, recently acquired Securitec Safety Systems of Bozeman, said Dirk Bauwens, president of Kenco.

Security industry seeks access to disaster areas

Proper credentialing key for security personnel to access emergency zones to restart critical security/life safety systems
 - 
02/01/2012

IRVING, Texas—In the aftermath of a tornado, hurricane, flood or other disaster, the security and life safety systems of everything from homes to banks to medical facilities need to be quickly restored to aid in the recovery. But without official procedures in place to ensure they have the proper credentials to enter emergency zones, critical security industry personnel may be unable to gain access to rewire and restart their customers

McGinn, Smith indicted on fraud charges

The new charges come just weeks before the alarm industry investors go on trial in civil court for alleged Ponzi scheme
 - 
02/01/2012

ALBANY, N.Y.—Security industry investors Timothy McGinn and David L. Smith—already being sued by the Securities and Exchange Commission on a claim they bilked investors of at least $80 million in a Ponzi scheme—now are facing criminal charges that could send them to prison for years, if convicted.

Alarm.com: New motion sensor/camera launched

Pinnacle Security beta test shows homeowners like the ‘simple, easy, affordable way’ to look into their homes
 - 
01/25/2012

VIENNA, Va. and OREM, Utah—After a successful six-month beta test, Alarm.com this week announced the general availability of its Image Sensor—a wireless device that combines a motion detector with a built-in still camera, allowing homeowners to view “snapshots” of what’s happening in their homes from their smartphones or other devices.

Guardian buys American Alarm

Deal brings $130k in RMR
 - 
01/18/2012

SOUTHFIELD, Mich.—In a deal that brings with it 5,000 accounts and $130,000 of RMR, Guardian Alarm, which is based here, has acquired Cleveland-based American Alarm.

Comcast ahead of curve in security space

Telecom led others in launching a home security/home automation option and will add Tucson to its markets this year
 - 
01/04/2012

PHILADELPHIA—Many telecoms decided that 2011 was the year to launch a home security/home automation offering—Verizon, Time Warner Cable, Frontier Communications, AT&T and Cox Communications among them.
But Comcast, based here, was ahead of the curve, launching Xfinity Home Security in Houston in June 2010. The company, with millions of customers nationwide, has so far made the product available in other major markets around the country, and plans to launch it in Tucson, Ariz. sometime this year.

When background checks aren't enough

Door-to-door security sales rep charged with rape and attempted murder, but company who hired him says it had no information showing he was threat
 - 
01/04/2012

KNOXVILLE, Tenn.—SecureWatch, an ADT authorized dealer based here, takes steps to make sure job applicants don’t have criminal backgrounds—such as paying a top-notch company to do background checks on them and searching the Internet for information about them, said company COO Paul Victor.
So the company was stunned to learn that a brand-new door-to-door sales rep it had hired—who Victor said had checked out clean—now stands charged with rape and attempted murder while on the job in Tampa, Fla.

American Alarm gets $57k 'boost' for employee training

Company will use the state grant to enhance training in customer service, sales and project management
 - 
12/30/2011

ARLINGTON, Mass.—American Alarm & Communications plans to use a new state grant of nearly $57,000 to train its employees to enhance customer service, complete projects as efficiently as possible and to gain sales skills.

SEC charges Utah security company investors with Ponzi scheme

Wendell Jacobson and his son were major investors in Platinum Protection, but company says they are no longer owners
 - 
12/21/2011

AMERICAN FORK, Utah—Wendell Jacobson, a Utah real estate magnate who with his son provided the primary startup capital for Platinum Protection, is now facing charges from the U.S. Securities and Exchange Commission that he and his son have been running a $220 million real-estate Ponzi scheme—using their membership in the Mormon church to make connections and win the trust of potential investors.
Wendell and Allen Jacobson no longer have any involvement in Platinum Protection, based here and one of the major summer-sales-model companies, company CEO Jared Hallows told Security Systems News.

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Poll

SSN News Poll June 2014

ADT is going after the small business market, launching targeted offerings for specific verticals: retail, food and beverage, clinical, professional offices and mechanical. The company says there's lot of untapped opportunity because only 50 percent of small businesses have monitored security. What are your thoughts on that market?

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