WHITEHOUSE, N.J., Sept. 17, 2003 (PRIMEZONE) -- AAMPRO GROUP, Inc. (OTCBB:AAPO), an Employee Leasing, HR Outsourcing Services and Payroll Company announced that the board of directors of SecurityPro, Inc. informed AAMPRO of its plans to file to go public in October. AAMPRO had acquired a 20% stake in SecurityPro earlier in the year. AAMPRO's board of directors immediately approved a dividend of 75% of its holdings in SecurityPro to its shareholders. The record date for shareholders to receive this dividend is September 30, 2003. No action is required by shareholders to receive this dividend.
CEO Stephen Farkas commented, "We are most excited about this recent good news because it demonstrates our commitment to our shareholders to not only build shareholder value but to also provide a current return on their investment in AAMPRO."
About AAMPRO:
The Company, through its subsidiary AAMPRO, Inc. ("AAMPRO"), primarily conducts its business operations as a professional employer organization ("PEO"). AAMPRO provides a broad range of services comprised primarily of employee leasing and human resources management. These services include payroll and benefits administration, health and workers' compensation insurance programs, state and federal labor compliance, tax filings, safety program design and management and other related services to small and medium-sized businesses nationally with a primary concentration in the tri-state (New York/New Jersey/Pennsylvania) region. AAMPRO was organized as a corporation in 1995 and has provided PEO services since inception. Additionally, AAMPRO operates AAMPRO-PAY, a payroll services company and AAMPRO Financial, LLC, a financial advisory and consulting firm.
AAMPRO's services are designed to improve the productivity and profitability of small and medium-sized businesses by relieving business owners and key executives of many employer-related administrative and regulatory burdens that enable them to focus on the core competencies of their businesses.
About SecurityPro, Inc.
SecurityPro was founded in 1986 and has been primarily engaged in providing a wide array of security management solutions including the placement of both armed and unarmed security personnel, business and individual security consulting, as well as, the sale of security products. SecurityPro has embraced the latest in technological advancements, offering a unique way to buy security online. With a click of the mouse, anyone can have the kind of security they need, from guards, police officers and bodyguards, to polygraph testing, handwriting analysis, and all manner of security devices.
Forward-Looking Statements
This news release contains forward-looking statements about our business, or financial condition and prospects that reflect our assumptions and beliefs based on information currently available. We can give no assurance that the expectations indicated by such forward-looking statements will be realized. There may be other risks and circumstances that we are unable to predict. When used in this news release, words such as "believes," "expects," "intends," "plans," "anticipates," "estimates" and similar expressions are intended to identify forward-looking statements, although there may be certain forward-looking statements not accompanied by such expressions. All forward-looking statements are intended to be covered by the safe harbor created by Section 21E of the Securities Exchange Act of 1934.