United Protection Security Group Inc. (TSXV:UZZ) entered into a letter of intent to acquire Burglar Alarm Monitoring Station Underwriters Laboratories of Canada for CAD 0.85 million in cash and notes on October 16, 2012. Of the total purchase price CAD 0.64 million will be paid on closing, CAD 0.04 million holdback for any contingent liabilities, and the balance of the purchase price financed by way of two vendor financing notes of CAD 0.17 million, payable six months after the closing date and twelve months after closing date. Both vendor-financing notes are subject to purchase price adjustments. United Protection will acquire all customer accounts and alarm-monitoring equipment and facilities. ULC Alarm Monitoring generated revenues of CAD 0.55 million and net profit in excess of CAD 0.2 million in 2011. Both vendor-financing notes are subject to purchase price adjustments. The transaction is subject to satisfactory due diligence and adequate financing and is expected to close on or before November 15, 2012.

United Protection Security Group Inc. (TSXV:UZZ) completed the acquisition of Burglar Alarm Monitoring Station from Underwriters Laboratories of Canada on November 14, 2012.