Allied Research: ARC EXPANDS INTO UK
ALLIED RESEARCH CORPORATION
8000 TOWERS CRESCENT DRIVE, SUITE 750
VIENNA, VIRGINIA 22182
CONTACT: SUSAN URBANIAK (800) 847-5322
HOME PAGE: WWW.CFONEWS.COM/ALR
TICKER: ALR-AMERICAN STOCK EXCH.
"FOR IMMEDIATE RELEASE"
ALLIED RESEARCH CORPORATION EXPANDS COMMERCIAL SECURITY OPERATIONS IN UNITED
KINGDOM
VIENNA, VIRGINIA, SEPTEMBER 11, 1998 - ALLIED RESEARCH CORPORATION (ALR:AMEX),
A DIVERSIFIED DEFENSE AND COMMERCIAL SECURITY FIRM, SAID TODAY THAT ITS
EUROPEAN COMMERCIAL SECURITY UNIT, VSK GROUP, HAD EXPANDED OPERATIONS IN THE
UNITED KINGDOM BY SIGNING A DEALER AGREEMENT WITH S.A.F.E. (SURVEILLANCE &
FIRE EQUIPMENT LTD.). ALLIED RESEARCH SAID VSK GROUP WAS NEGOTIATING
ADDITIONAL DEALER ARRANGEMENTS IN ORDER TO EXTEND ITS MARKETING COVERAGE IN
THE FAST-GROWING UK MARKET.
GLENN YARBOROUGH, PRESIDENT OF ALLIED RESEARCH, SAID THAT VSK GROUP WAS
FINDING EXCELLENT SUCCESS IN MARKETING ITS PRODUCTS, PARTICULARLY
ITS MULTI-APPLICATION "WESP" SECURITY PANEL.
"BY ADDING MORE MARKETING FIREPOWER TO OUR UK EFFORTS, WE EXPECT TO BUILD
SIGNIFICANT NEW BUSINESS QUICKLY. COMBINED WITH OUR NEW MARKETING EFFORTS AND
DEALER ARRANGEMENTS IN GERMANY, WE ARE SUCCESSFULLY BROADENING OUR REVENUE
BASE WELL BEYOND OUR BENELUX MARKETS," YARBOROUGH SAID.
"VSK GROUP IS RUNNING WELL AHEAD OF REVENUE AND PROFIT PROJECTIONS, AND HELPS
TO PROVIDE A SOLID BASE FOR CORPORATE EARNINGS," YARBOROUGH ADDED.
CERTAIN STATEMENTS CONTAINED HEREIN ARE "FORWARD LOOKING" STATEMENTS AS SUCH
TERM IS DEFINIED IN THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995.
BECAUSE SUCH STATEMENTS INCLUDE RISKS AND UNCERTAINTIES, ACTUAL RESULTS MAY
DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED. FACTORS THAT COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE EXPRESSED OR IMPLIED INCUDE, BUT
ARE NOT LIMITED TO, THOSE DISCUSSED IN FILINGS BY THE COMPANY WITH tHE
SECURITIES AND EXCHANGE COMMISSION.
ALLIED RESEARCH CORPORATION IS A DEFENSE AND ELECTRONIC SECURITY FIRM. ITS
OPERATING UNITS DEVELOP AND PRODUCE AMMUNITION AND WEAPON SYSTEMS; SUPPLY
EQUIPMENT PERFORMANCE UPGRADES FOR DEFENSE DEPARTMENTS WORLDWIDE; AND DESIGN,
PRODUCT AND MARKET SOPHISTICATED ELECTRONIC SECURITY AND ACCESS CONTROL
SYSTEMS.
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