Finance News Articles
Google

Monday, May 28, 2012
Search Finance News  
Latest News » All Finance News » Pro-Tech Industries Receives Approximately $3.5 million in Fire Protection Contracts


Pro-Tech Industries Receives Approximately $3.5 million in Fire Protection Contracts
Pro-Tech Fire Protection Systems Corp, a wholly owned subsidiary of Pro-Tech Industries, Inc., has announced receiving additional new contracts totaling approximately $3.5 million for its fire protection contracting business.

SACRAMENTO, CA, January 20, 2012 /24-7PressRelease/ -- Pro-Tech Fire Protection Systems Corp, a wholly owned subsidiary of Pro-Tech Industries, Inc., has announced receiving additional new contracts totaling approximately $3.5 million for its fire protection contracting business. Sean McGuire, President of Pro-Tech Fire Protection, remarked that "As our business continues to focus on our established expertise and reputation for quality work and service, we are being rewarded with contracts from both existing and new customers. Although the market remains tight, we are starting to see increased bid activity in both the government and private sectors."

Don Gordon, CEO of Pro-Tech Industries, commented, "Our recent update of our bond facility was significant to our ability to win these contracts. The backing of a bond line allows Pro-Tech to maintain its competitiveness in the current economy, which is requiring more bonding of jobs than what was required a couple of years ago. We believe this line will not only help us to win contracts, but also gives us flexibility with our financing and investment activities."

The new projects are located in Sacramento Region of CA, and increased the company's backlog to approximately $8 million. Management anticipates, but cannot provide assurances, that revenues from these projects will be fully realized in 2012.

Press Release Contact Information:

Jennifer Hoopes
Pro-Tech Industries, Inc
Executive Admin
8550 Younger Creek
Sacramento, CA
USA 95828
Voice: 9165044044
Fax: 9165044048
Website: Visit Our Website

Silver Prepaid MasterCard card
. . . . . . . . . . . . . . . . . . . . . . . . . .

Affordable & Effective Press Release Distribution