Diversified Security Solutions’ Q1 Up 16% From 2002

SADDLE BROOK, N.J.

Diversified Security Solutions Inc. reports a 16-percent increase in its first-quarter results compared to the same quarter last year, due to three acquisitions it made in 2002.

Sales for the quarter ended March 31 were $3.7 million; the company reported $3.2 million for the same quarter a year ago. It reports a net loss of $663,000, or 13 cents per share, on more than 5 million outstanding shares.

James Henry, Diversified’s CEO, says the company has invested capital to maintain and hire additional, highly-skilled security professionals necessary to support new and existing contracts. “Across the board, management is focused on returning to profitability through increasing sales, consolidating operations, and reducing overhead.”

Diversified Security Solutions is a turnkey provider of technology-based integrated electronic security solutions.

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