B: Universal Security Instruments Debuts Carbon Monoxide Alarms
B: Universal Security Instruments Debuts Carbon Monoxide Alarms At 2002
National Hardware Show New Product Line From One of the Most Respected Names in
Security Products Ready to Meet Increasing Market Demand
OWINGS MILLS, Md., Aug 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Universal
Security Instruments, Inc. (OTC Bulletin Board: USEC) today announced plans to
unveil a new product line of battery and AC/battery backup- powered carbon
monoxide alarms at the 2002 National Hardware Show in Chicago, Aug. 11-13.
The Owings Mills, Md.-based designer and marketer of security and safety
equipment said that the new line of USI carbon monoxide alarms meets or exceeds
the current Underwriters Laboratories, Inc. standard for carbon monoxide alarms.
In addition, Universal's new carbon monoxide alarms are designed for easy
installation and low maintenance. These new products will help satisfy the
increasing demand for carbon monoxide alarms from consumers and installers.
Universal is introducing several models with a variety of features covering a
range of needs, including AC direct plug-in, AC hard-wired and AC with 9-volt
battery backup. Also part of the roll-out is a new AC-powered combination carbon
monoxide/smoke alarm with battery backup.
Universal Security Instruments will be displaying these new products at Booth
#14544.
"An increasing number of cities and states are requiring the installation of
carbon monoxide alarms near bedrooms and on each level of a home," said Ron
Lazarus, President of the USI ELECTRIC division of Universal Security
Instruments. "At the same time, both the retail and wholesale markets are
looking for added flexibility and features, like those found on our AC direct
plug-in models and our combination smoke and carbon monoxide alarm. This line
represents an important new opportunity for Universal and we look forward to
making the most of it with our established reputation for product quality and
customer service."
Universal Security Instruments, Inc. (www.universalsecurity.com ), founded in
1970, is a Maryland-based manufacturer and worldwide marketer of residential
smoke alarms, carbon monoxide alarms and other safety and security products,
directly and through its 50%-owned Hong Kong joint venture.
B: Universal Security Instruments Adds New Sales Executive Grow
B: Universal Security Instruments Adds New Sales Executive Growing Smoke-Alarm
Maker Expands Field Sales Force For Wholesale Market
OWINGS MILLS, Md., Jul 15, 2002 /PRNewswire-FirstCall via COMTEX/ -- Universal
Security Instruments, Inc. (OTC Bulletin Board: USEC) today announced it has
hired Regina Marie Veres as Field Sales Manager for USI Electric, a subsidiary
serving the electrical wholesale market.
The Owings Mills, Md.-based designer and marketer of security and safety
equipment said Veres brings 10 years of sales and marketing experience to USI
Electric, a rapidly growing provider of smoke alarms and other products to the
electrical wholesale market, including commercial and residential property
builders and related industry distributors. In her new position, Veres will be
responsible for the implementation of merchandising and advertising programs,
product training and customer sales calls.
"We are very pleased to welcome Regina to our sales team," said Stephen Knepper,
chairman of the board and chief executive officer of Universal Security
Instruments. "The electrical wholesale market has offered us outstanding growth
during the past year and represents an important long-term opportunity. The
addition of Regina to USI Electric will help us build on that momentum and
expand Universal's market share in the wholesale arena."
Veres joins Universal Security Instruments from Downers Grove, Ill.-based Maple
Chase Company, a marketer of smoke alarms and carbon monoxide detectors, where
she spent four years as Inside Sales Manager. Veres was responsible for
management and support of electrical wholesale accounts throughout the United
States and Canada. Prior to that position, Veres worked in various sales and
marketing positions for companies in the transportation, paper and consumer
products industries.
B: Universal Security Instruments Retains Investor Relations Fi
B: Universal Security Instruments Retains Investor Relations Firm Taps
Small-Cap Specialists Lambert, Edwards & Associates
OWINGS MILLS, Md., Jul 1, 2002 /PRNewswire-FirstCall via COMTEX/ -- Universal
Security Instruments, Inc. (OTC Bulletin Board: USEC) today announced it has
hired Grand Rapids, Mich.-based Lambert, Edwards & Associates, Inc. (LE&A) to
direct the Company's investor-relations activities.
The Owings Mills, Md.-based designer and marketer of security and safety
equipment said it hired LE&A to help communicate the Company's return to
profitability and unique growth story to the investment community. Universal
Security reversed a year-earlier loss in the fiscal year ended March 31, 2002,
posting net income of $261,265, or $0.28 per share, compared to a net loss of
$758,940, or $0.83 per share in the same period last year. Sales rose 36% to
$10.5 million versus last year.
"We have made considerable progress, despite difficult economic conditions, and
believe that it is appropriate to communicate our improved performance and
opportunities for growth more broadly," said Stephen Knepper, chairman of the
board and chief executive officer since October 2001. "Lambert, Edwards &
Associates has a proven track record of helping small- to mid-sized companies
increase awareness among investors, the media and consumers."
Lambert, Edwards & Associates, Inc. (www.lambert-edwards.com ) is one of the
country's fastest-growing public and investor relations firms. The firm works
extensively with small- and mid-sized companies in the automotive, consumer
electronics, leisure, manufacturing, specialty retail, and technology
industries.
"Universal Security is an undiscovered company with solid fundamentals and an
emerging story," LE&A Principal Jeff Lambert said. "Management's focus on
increasing sales through new products and additional market penetration,
combined with the improved efficiency of its manufacturing operations in China,
are providing new opportunities for growth worldwide. We look forward to helping
Universal Security communicate its story and build shareholder value through
increased liquidity and interest in the Company's stock." |
