United Protection Security Group Inc. - Financing Facility Increased to $7M USD

    




 EDMONTON, Aug. 1, 2012 /CNW/ - F.V.Ramsoondar, President and Chief  Executive Officer of United Protection Security Group Inc. (UPSG or the  Company),  is pleased to announce that the Company has  increased its receivables financing agreement with its international  lender based in New York City. 

 The limit has been increased from $4.5M USD to $7M USD. The facility  does not provide for any financial ratio covenants, and is secured by a  corporate guarantee and also a by personal guarantee of the President  and Chief Executive Officer of the Company. The Company has also  negotiated a reduction in the annual borrowing interest rate by 1%. 

 The increase in the facility will allow to the Company to continue  working towards its growth objectives. 

 Stock Awareness Activities To find out more about United Protection Security Group Inc. , 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. 

 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. 

 The TSX Venture Exchange has neither approved nor disapproved the  information contained herein. 

United Protection Security Group Inc.


CONTACT:  For additional investor and media relations inquiries contact:Fredy Ramsoondar President, CEO and DirectorEmail:  [e-mail]: 780-465-8101 


    

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