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SOURCE Argyle Security, Inc.
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.
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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