As our principals are directly involved in every detail of our clients' investor relations activities, I am excited to work with the Tri-S Security management team to enhance the company's investor relations initiatives and visibility in the financial markets.
This call is being webcast by ViaVid Broadcasting and can be accessed at Tri-S Security's website at http://www.
The need for discretion is not unusual when providing security to the federal government," said Ronald Farrell, CEO, Tri-S Security Corp.
Tri-S Security anticipates that the restatement will result in (a) an increase in interest expense of approximately $620,000 and an increase in net loss from $1,265,000 to $1,649,000 for the quarter ended March 31, 2006; and (b) a reduction in interest expense of approximately $78,000 and a reduction in net loss of approximately $59,000 for the quarter ended June 30, 2006.
Tri-S Security intends to effect the restatement by amending its Quarterly Reports for the quarters ended March 31, 2006 and June 30, 2006.
This sale marks the third non-core asset sale Tri-S Security has completed during 2006.
As we've stated throughout 2006, our goals are to streamline Tri-S Security's acquired assets in order for them to more efficiently fit into our strategic growth plans," said Ronald Farrell, CEO, Tri-S Security Corp.
The joint venture sale took several months to complete but was worth the effort," said Ronald Farrell, CEO, Tri-S Security Corp.
Participants should ask for the Tri-S Security Year End Financial Results conference call.