SAN ANTONIO, July 16, 2014 /PRNewswire/ -- Argyle Security,
Inc. (dba ISI Security) (OTC Pink Sheets: ARGL.PK) ("ISI Security"
or the "Company"), a service and solutions provider in the physical
detention and electronic security industry, announced today that,
effective July 16, 2014, Mr.
Buddy Johns has been appointed
President, Chief Executive Officer and Chief Operating Officer of
the Company replacing Mr. Ray
Gilley. Mr. Johns will also join the Board of Directors of
the Company.
Mr. Johns has served as Chief Executive Officer of CGL Capital
Management Group where he worked for four years. Prior to CGL, Mr.
Johns was a Managing Director of Real Estate for Corrections
Corporation of America. He has more than 20 years of experience in
the construction and development industries. He has developed,
built and managed more than 5 million square feet of industrial
properties including Class A flex, heavy industrial and
correctional properties. He has six years of public accounting
experience with Deloitte & Touche and is a Certified Public
Accountant
Commenting on his appointment, Mr. Johns stated, "I am pleased to join ISI Security, the leading
detention and security electronics contractor in the United States. I look forward to working
with the Board of Directors and other members of management to grow
and continue to improve both our detention and commercial
businesses to meet and exceed our customers' needs and expectations."
Robert M. Davies, Chairman of the
Board and Managing Partner of MML Capital, said, "On behalf of ISI Security and
MML, we are delighted to welcome
Buddy. In accepting this leadership role he has validated the
Company's position in the industry as well as endorsing the quality
of our team. By making an appointment of this caliber, ISI Security
is sending an unequivocal message to all its constituents,
especially its customers, of its determination to provide the
highest level of commitment and service. Furthermore, it is
evidence that MML continues to support the Company's endeavors to
perform to its full potential."
ISI Security also announced that Mr. Jason Morgan, a Director with MML Capital, has
joined the Board of Directors.
About ISI Security
Based in San Antonio, TX, ISI
Security is a provider of services and solutions in the physical
detention and electronic security industry. ISI Security is one of
the nation's largest providers of detention equipment products and
service solutions, as well as a leading provider of turnkey,
electronic security and fire detection systems for use in
detention, commercial, governmental and educational facilities.
Please visit www.isisecurity.com for additional
information.
Safe Harbor
Certain statements in this press release constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. When used in
this press release, words such as "will," "believe," "expect,"
"anticipate," "encouraged," "foresees," "forecasts," "estimates"
and similar expressions, as they relate to the company or its
management, as well as assumptions made by and information
currently available to the Company's management identify
forward-looking statements. The forward-looking statements are
subject to risks and uncertainties, including the possibility that
legal proceedings that may be instituted against the Company and/or
others relating to the changes in the board composition, the effect
of the announcement of these board changes on the Company's
customer relationships, operating results and business generally,
the risk that these board changes disrupt current plans and
operations and the potential difficulties in employee relations
resulting therefrom, and downturns in economic conditions
generally, the Company's business or the state of the corporate
credit markets. Consider these factors carefully in evaluating the
forward-looking statements. The risk factors listed in the
Company's annual and quarterly reports also provide examples of
risks, uncertainties and events that could cause actual results to
differ materially from those contained in forward-looking
statements. The forward-looking statements made herein are only
made as of the date of this press release and the Company
undertakes no obligation to publicly update such forward-looking
statements and is not responsible for changes made to this press
release for Internet or wire services.
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SOURCE Argyle Security, Inc.