Edmonton, Alberta CANADA - September 13, 2011 (InvestorIdeas.com Newswire) - United Protection Security Group Inc. (TSX-V:UZZ Venture), F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. (UPSG or the Company), (TSX-V: UZZ) is pleased to announce that the Company has entered into a Right of Use Technology Agreement with Edmonton based Machlink Corporation. The cost of the Right is fixed at $100,000 for a 10-year period, which includes a 5-year renewal period. The consideration will be paid in $50,000 cash and $50,000 by way of issuance of 1,000,000 common shares of the Company at a share price of $0.05 per share. The agreement covers all of Canada, United
F.V.Ramsoondar states "This technology will allow us to position the Company to become a provider of Smart Site Solutions and, in certain cases, the Wireless Broadband Solutions for all industry sectors, especially Oil and Gas and Transportation. We are especially impressed with the technology as it relates to real-time alerts of pipeline leaks, detection in drop in pipeline pressure and the elimination of false alarms".
MachLink Corporation is a provider of proprietary Next Generation Wireless Broadband and Smart Site Solutions throughout the world. Its unique Wireless Broadband has a rapid deployment and provides over 50 km radius coverage at 60% of the cost of other technologies. It brings true high speed Internet and High Definition Digital Phone Solutions to underserviced regions. Smart Site Solutions unifies state-of-the-art software and hardware technologies for remote oil and gas locations. These Smart Site Solutions allow producers to enhance site security, safety and operations while ensuring regulatory compliance, business continuity and risk management.
"MachLink is excited to continue our global expansion through our partnership with United Protection Security Group Inc., providing end-to-end Wireless Broadband and Smart Site Solutions," says Lyle Ewanchuk, MachLink Founder and CEO.
The transaction as it relates to the issuance of shares of the Company is subject to the approval of TSX-Venture Exchange and the Company's Board of
Stock Awareness Activities
To find out more about United Protection Security Group Inc. (TSX-V: UZZ), visit our website at www.unitedprotection.com. To join the 'request for information', go to the web page www.unitedprotection.com and click the tab 'request information' and follow the prompts.
For additional investor and media relations inquiries contact:
Fredy Ramsoondar CEO and Director
Email: fredy.ramsoondar@unitedprotection.com
Tel: 780-465-8101
Statements in this press release other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, are forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company's business, including risks related to business development and retention, and risks related to the current economic and credit conditions. As a result, actual results may vary materially from those described in the forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this release as a web page, please click on the following link:
http://www.usetdas.com/ pr/united09132011.htm
United Protection Security Group Inc. (TSX - V: UZZ)
5909 - 83rd Street, Edmonton, Alberta T6E 3Y4
Telephone (780) 465-8101
Source: United Protection Security Group Inc. (TSX-V: UZZ) http://www.unitedprotection.com
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