GREENWOOD VILLAGE, Colo., June 8, 2017 /PRNewswire/ -- Helix TCS, Inc. (OTC:HLIX) ("Helix TCS" or the "Company"), a leading provider of integrated operating solutions for the legal cannabis industry, is pleased to announce its acquisition of Security Grade Protective Services, Ltd ("Security Grade"), a Denver-based security firm providing a range of custom, full-service security solutions to cannabis business clients. Security Grade will operate as wholly-owned subsidiary of Helix TCS.
The purchase of Security Grade, a leading cannabis security service provider with a strong emphasis on surveillance technology, will allow Helix TCS to continue to expand its suite of operating solutions with services including: IT security, building fortification, private investigations, and advanced video surveillance programs and software.
Zachary L. Venegas, CEO of Helix TCS explains: "What we believe is our formula for success - both for our clients and ourselves - involves integrating the very best in security, compliance and technology to provide cutting-edge, full-service solutions for the legal cannabis industry. With existing product lines that are well aligned with this ongoing strategy, the purchase of Security Grade will boost our capacity to scale our offerings as we continue to expand into new markets, and benefit our existing client base by increasing the breadth of the integrated capabilities we're able to offer."
Derek Porter, CEO of Security Grade Protective Services, said of the acquisition: "I am very proud to close this deal. We've rapidly grown over the last few years, however, we have found our niche in technology, specifically state-of-the-art remote surveillance which has allowed us to gain market share in the legal cannabis market with surveillance and provide a service that we believe so few security companies have the know-how to provide. In addition, we believe we are well positioned to truly provide the very best services at the most cost effective rates in the legal cannabis industry."
By consolidating resources to accelerate the pipeline of new technologies, partnerships, and business lines, the former market rivals will benefit from a sharpened competitive edge and new operational efficiencies to better drive shareholder value.
About Helix TCS
Helix TCS, Inc. (OTC: HLIX) ("Helix TCS" or the "Company") is a premier provider of integrated operating environments for the legal cannabis industry. Headquartered in Denver, Colorado, Helix TCS's compliance & logistical services include armed and unarmed security, remote monitoring, transportation, compliance auditing, and custom security and cash solutions. Helix TCS is trusted by top growers, dispensary owners, investors, and ancillary firms in the industry to protect and preserve their most valuable assets. For more information please visit http://www.helixtcs.com.
About Security Grade Protective Services, Ltd
Security Grade Protective Services, Ltd ("Security Grade") a leading cannabis security service provider with a strong emphasis on surveillance technology. From security consulting, to installing Alarms/ CCTV/ Access Control and implementing monitoring, Security Grade offers cutting edge, competitive, and comprehensive services. Everything under the security umbrella is provided through one vendor, to include protective services, such as security guards and executive protection specialists, investigations and background checks, and Security Grade also has a full service IT division serving all IT demands including but not limited to information security. For more information please visit http://www.securitygrade.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Helix TCS, Inc. may differ materially from those anticipated. Although Helix TCS, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Helix TCS, Inc. can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.