Secure Fortress Plc
Investors Show Faith with GBP 500,000 Debt for Equity Swap
Secure Fortress Plc (PLUS: SCFP; XETRA: SFK) today announces that it has further strengthened both its finances
and that of its wholly-owned subsidiary, Zephyr Communications Inc, thanks to the commitment of investors who have
agreed to swap US$1,139,112 of Preferred Loan Stock, corporate debt and accrued interest into Ordinary Shares in
the Company.
This will repay US$800,000 of Series A Preferred Shares plus US$151,233 accrued interest, as well as repaying
US$187,879 of debt owed by the fully-owned subsidiary Zephyr Communications, in exchange for canceling the
Preferred shares owned by Zephyr in that same company.
Secure Fortress has agreed to issue 3,963,470 new Ordinary Shares of 1p each at a price of 12 pence per Ordinary
Share. The shares rank pari passu with all existing shares.
The total number of shares now in issue is 120,641,335.
Alex Clug, Chief Executive, said: "The elimination of over US$1 million of debt and the addition of nearly GBP
500,000.00 of equity significantly strengthens our balance sheet and will allow us to pursue more rapid organic
growth. Our pipeline of tenders has increased dramatically in the last few months, which should add incremental
growth to our order book in the year ahead. The faith and commitment demonstrated by investors in our Stock is
both a testament to our future prospects, and a useful means of enabling us to achieve them."
The Directors of Secure Fortress Plc accept responsibility for this announcement.
Contact:
Secure Fortress Plc
Alexandre Clug, Chief Executive
Tel: +44 (0)207 489 2028
Email: aclug@securefortress.com
Corporate Advisers
St Helen's Capital Plc
Barry Hocken/Duncan Vasey
Tel: +44 (0)207 628 5582
Email: barry.hocken@sthelenscapital.com
Public Relations
Positive Profile Limited
Henry L Gewanter
Tel: +44 (0)207 489 2028 or +44 (0)7774-228845
Email: HenryG@PositiveProfile.com
About Secure Fortress Plc
Secure Fortress is an established, successful, high-growth secure communications company engaged in the provision
of services for the protection of vital information systems for a broad array of clients including the US
Department of Defense, US Department of Justice, elite federal agencies and high-profile private institutions.
Based in London, the Company's proprietary, next-generation solution is on the front lines of shielding vital
government and corporate interests from cyber-terrorism and cyber-crime, two of the fastest-growing threats to the
21st century's internet-based communications infrastructure. Secure Fortress has both Commercial and Governmental
divisions with the commercial group leveraging the patented solutions developed for its governmental clients.
With the proper government credentials, Secure Fortress currently protects governmental agencies including the
above named agencies. Secure Fortress has proven itself with more than 200 projects, engineering more than 16
million square feet in select facilities, and expects to further increase market penetration by year-end. The
Company is also developing a cross-border expansion of core skills and products, beginning in Europe.
Secure Fortress is an established provider of design, installation and maintenance for "Secure Modular
Environments," which are secure infrastructures that leverage the latest business communication hardware and
software capabilities. The Company's premier product, Fortress (Trademarked), which utilizes an easily-scalable
security scheme, was specifically designed to meet US Department of Defense security requirements. Its patented
design was created as a pre-engineered "plug-n-play" optical fiber and shielded cabling system that is both more
secure, less expensive and significantly easier to install in high security environments.
For further information on Secure Fortress Plc see http://www.securefortress.com.
Secure Fortress PLC