SSC Security Services Corp. Completes Amalgamation of its Wholly Owned Subsidiaries

REGINA, SK, Oct. 2, 2024 /CNW/ - SSC Security Services Corp. ("SSC" or the "Company") (TSXV: SECU) (OTCQX: SECUF) is pleased to announce that effective October 1, 2024, it has completed a horizontal short-form amalgamation of its wholly owned operating subsidiaries, Logixx Security Inc. and SRG Security Resource Group Inc. pursuant to the Canada Business Corporations Act. Pursuant to the amalgamation, the resulting amalgamated company has adopted the name "Logixx Security Inc." SSC undertook the amalgamation to simplify the corporate structure of SSC and to reduce administrative costs. The amalgamation will not have any significant effect on the business and operations of SCC or its subsidiaries.

"We are excited to announce the amalgamation of Logixx and SRG," said Chairman and CEO Doug Emsley.   "This amalgamation will streamline our activities under a single corporate entity and help to reduce corporate and operational expenses as we move forward."

ABOUT SSC

SSC Security Services Corp. is a national provider of cyber, physical and electronic security services to corporate and public sector clients across Canada. For more information, please visit www.securityservicescorp.ca. 

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Forward Looking Statements

This release includes forward-looking statements regarding SSC and its business. Such statements are based on the current expectations and views of future events of SSC's management. In some cases the forward-looking statements can be identified by words or phrases such as "may", "will", "expect", "plan", "anticipate", "intend", "potential", "estimate", "believe" or the negative of these terms, or other similar expressions intended to identify forward-looking statements. The forward-looking events and circumstances discussed in this release may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting SSC, including risks regarding the security industry, the agricultural industry, economic factors and the equity markets generally and many other factors beyond the control of SSC. No forward-looking statement can be guaranteed. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statement or information. Accordingly, readers should not place undue reliance on any forward-looking statements or information. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and SSC undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

SOURCE SSC Security Services Corp.

For further information, please contact: Doug Emsley, President & CEO, [phone], [email protected]; Brett Leonard, Chief Financial Officer, 306) 347-1242, [email protected]