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Tristar Acquisition I Corp Cl A (TRIS)

Tristar Acquisition I Corp Cl A (TRIS)
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Tri-S Security was formed for the purpose of acquiring and consolidating electronic and physical security companies in order to take advantage of the operating efficiencies created by a company. Tri-S Security is an aggregator of elite guard services companies. Through its two direct, wholly-owned subsidiaries, Paragon Systems, Inc. and The Cornwall Group, Inc., the company provides equipment and security services to government agencies and the private sector. Its government customers include local, state and Federal government agencies. The company's private sector customers include commercial customers, such as universities, public school systems, corporate complexes, hospitals, and residential customers, such as condominiums, high-end apartments and high-security homes. Tri-S Security provides cost-effective solutions to ensure the safety and security of the assets and personnel of its customers and to continually improve the protection it provides for its personnel, programs, resources and facilities. The company goal is to provide demonstrably superior contract guard services with the degree of integrity and responsiveness. The company sales and marketing approach is designed to develop business with respect to government and private sector customers. Sales promotions are managed through the offices of its subsidiaries, Paragon Systems and Cornwall, located in the Washington DC area and Miami/Palm Beach area, respectively. Tri-S Security key marketing vehicles are its website, trade and industry media publications, email marketing, Federal government bulletin board sites on the Internet, word of mouth, customer referrals and potentially direct marketing. The company maintains all appropriate forms of insurance, including general liability, performance and crime bonding, professional liability and automobile coverage. Special coverage is sometimes added in response to unique customer requirements.

Fiscal Year End Date: 12/31

(Values in U.S. Thousands) Dec, 2008 Dec, 2007 Dec, 2006 Dec, 2005 Dec, 2004
Sales 141,330 88,940 75,720 41,980 25,420
Sales Growth +58.90% +17.46% +80.37% +65.15% -71.42%
Net Income -15,840 -4,300 -3,830 -2,270 -1,640
Net Income Growth -268.37% -12.27% -68.72% -38.41% +61.86%
(Values in U.S. Thousands) Dec, 2008 Dec, 2007 Dec, 2006 Dec, 2005 Dec, 2004
Total Assets 31,760 35,640 37,100 47,340 22,980
Total Assets Growth -10.89% -3.94% -21.63% +106.01% -35.52%
Total Liabilities 41,630 30,860 30,240 36,910 24,260
Total Liabilities Growth +34.90% +2.05% -18.07% +52.14% -21.39%
(Values in U.S. Thousands) Dec, 2008 Dec, 2007 Dec, 2006 Dec, 2005 Dec, 2004
Operating Cash Flow -6,450 -5,880 -7,540 -5,680 -1,150
Operating Cash Flow Growth -9.69% +22.02% -32.75% -393.91% +80.44%
Net Cash Flow 780 390 -390 150 210
Change in Net Cash Flow +100.00% +200.00% -360.00% -28.57% -46.15%
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