News - Security Networks

November 10 , 2006

Security Networks Acquires Central Security Systems, Inc.

Transaction Accelerates Companies Aggressive Growth Strategy

West Palm Beach, FL- November 10, 2006 – Security Networks, a diversified full service life safety solutions company providing security monitoring and related services, announced today that they have acquired all the assets of Central Security Systems, Inc. of Ft. Lauderdale, FL. Terms of the deal were not disclosed but Security Networks CEO Rich Perry said “the acquisition adds approximately 2000 accounts and over $57,000 in RMR. Central Security Systems has a great reputation and has provided sales, installation and monitoring services to their customers for over twenty years. The well established customer base, low attrition rate as well as the account mix of 60% residential and 40% commercial fits in well with our growth strategy of offering a high quality service at a competitive rate.”

“We accepted inquiries from several companies but chose Security Networks because they provide local service, share our commitment of providing quality service to our customers, and quite frankly put together the most comprehensive acquisition profile for our review. We were ready to retire from the security industry and Security Networks is a company that shares our beliefs and values. By selling to them we feel our customers will have a smooth and seamless integration.” Said Robin and Jim Currie co-owners of Central Security Systems.

For More Information
For more details on Security Networks go to www.securitynetworks.net

About Security Networks
Security Networks is a diversified, full service life safety solutions company providing security monitoring and related services to homeowners and businesses coast to coast.

Contact: Gary Franklyn, Vice President, Business Development, Security Networks, +1.561.697.9997 or gfranklyn@securitynetworks.net