HOUSTON, Aug. 2, 2007 (PRIME NEWSWIRE) -- Security Financing Services, Inc. (Pink Sheets:SCYF), provider of sophisticated, IP and physical security convergence solutions, today announced the hiring of Eric Flores as President of its newly formed SatMAX Communications Division. Mr. Flores is the former sales manager of Eagle Broadband, Inc., where he led the SatMAX marketing efforts, achieving a better than 600% year-over-year increase in product sales. SatMAX is an advanced communications system that enables users to quickly and easily make fully wireless, satellite voice and data communications available from any non-line-of-sight location.
"Eric brings a wealth of knowledge about our new SatMAX acquisition," stated Don Bresina, Chairman of Security Financing Services, "We are very fortunate to get him and we look forward to his immediate contribution as we finish our recently announced acquisition of the SatMAX product line."
Flores added, "I am very pleased to have the opportunity to continue working on this key product line and look forward to continuing my work with commercial and public entities that benefit the most from this unique communication system."
Security Financing Services, Inc., is a cutting-edge technology company focused on end-to-end network solutions for customers. Solutions range from the smallest homeowner to the largest government or commercial enterprise. In addition to providing financing services to alarm dealers and integrators, SCYF also operates and manages a portfolio of alarm monitoring accounts throughout Texas and the Southeast. SCYF designs, installs and monitors digital video surveillance networks for government, industrial and commercial application.
Forward-Looking Statements: This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, successful integration of acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses and other factors. The actual results that the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. The company undertakes no obligations to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.