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AAMPRO Acquires 20% of Security Company

Thursday, February 20, 2003 | 0

AAMPRO GROUP, Inc. (OTCBB:AAPO) announced yesterday that it entered into a definitive letter of intent to acquire a 20% stake in Security 20/20, Inc. ("SecurityPro USA"). The transaction is structured as a stock purchase with the consideration being paid in stock options on an earn out basis. The acquisition is slated to close by the end of February. Stephen Farkas, CEO, commented, "We are very excited about this acquisition as it will contribute to our growth in the high growth sector of public security. Furthermore, this acquisition provides captive business to our core PEO operations as 80%...

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