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T&M Protection Resources Acquires Goshen Security

Company Formerly Headed by Current Chief of Israel Defense Forces

November 10, 2008

New York, NY — November 10, 2008 — T&M Protection Resources, LLC (“T&M”), a New York-based provider of premium security and business intelligence solutions to leading corporate, institutional and private clients, is pleased to announce that it has acquired Goshen Security Services Ltd. (“Goshen”), a prominent protective and public safety services firm based in Kfar-Saba, a city located north of Tel-Aviv, Israel. The acquisition by T&M represented a cash transaction, the terms of which were not disclosed.

Founded in 2000, Goshen provides high-level executive protection services and community security patrols for a variety of clientele, to include major international and national firms located in Israel, high net-worth individuals and VIPs, delegations visiting Israel and those traveling abroad, government offices, business owners and residential communities. Additional services include facilities and aviation security planning, as well as training programs for security professionals in protection measures and defensive driving skills. Goshen also provides advanced security system design services under a separate division, Line Bit Systems Ltd., and manages a fleet of executive bullet proof vehicles and driver services under Goshen Private and Commercial Security Services Group Ltd.

During 2006, Goshen was led by Lieutenant General Gaby Ashkenazi, who served as President of the firm until he was called upon to serve as the Director-General of the Israel Ministry of Defense and then appointed the Chief of Staff of the Israeli Defense Forces, a position he still occupies today. Goshen, now led by Eli Sabag, its Chief Executive Officer, currently employs over 500 people and maintains annual revenues of US$ 10 million.

“We feel this is a great addition to our growing presence in the Israeli security market as it is highly complementary to our acquisition of Saar Security earlier this year,” said Robert Tucker, Chairman and CEO of T&M. Tucker added that “Goshen’s executive protection and tactical security skills and expertise further enhance the global capabilities of T&M’s robust Executive Protection Services Division under Joe Russo, Senior Vice President of Special Operations.”

 

About T&M Protection Resources, LLC
Established in 1981, T&M Protection Resources is headquartered in New York and provides high level security, executive protection and explosive detection services, technical security systems, investigative and intelligence services and consulting services to leading corporate, institutional and private clients with special concentration in financial services, commercial property management, major sports franchises and organizations that are part of our nation’s critical infrastructure. Through its Saar Security Division headquartered in Jerusalem, T&M also offers extensive security services throughout Israel. With current annual revenues in excess of $120 million, T&M employs a staff of over 4,000 security personnel. For more information, please contact T&M Protection Resources at 212-422-0000 or visit our website at www.tmprotection.com.

In November 2007, Pegasus Partners IV LP (“Pegasus”) became a minority partner of T&M. Pegasus is an affiliate of Pegasus Capital Advisors, LP, a private equity firm that manages close to $1.8 billion in assets through several private equity funds. The firm provides creative capital solutions to middle market companies across a wide variety of industries, with a particular interest in businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living. For more information, visit the firm’s website at www.pcalp.com.