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News

Background screening subsidiary launched

Safeguard Security Holdings : 10 June, 2009  (New Product)
Safeguard forms subsidiary organisation for performing a background investigation service including criminal record checking
Safeguard Security Holdings, a provider of corporate and industrial security systems and personnel, has formed a new subsidiary named Search Global International. The newly formed company specializes in background investigation services to include criminal background screening and comprehensive criminal checks, showing felonies, misdemeanors, sex offences and more at the state and county levels throughout the US. The new business unit is a wholly owned subsidiary of Safeguard and is expected to grow rapidly through acquiring other business units engaged in the same type of business which desire to consolidate with a public company.

Speaking at the Board meeting, Safeguard's CEO, Michael Lagow, stated, "Our strategic plan is to grow SEARCHglobal through acquisitions and consolidation. We will acquire other likewise business units engaged in the background investigations sector while growing SEARCHglobal organically. Through consolidation of such acquisitions, we will significantly increase our base resources, reduce administrative costs, increase margins and add profits, creating a solid business with substantial growth opportunity. This is accretive to the Company's overall value and supports Safeguard's long-term development strategy."
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