Press Release

Tri-S Security Subsidiary Awarded Two Contracts Valued at $141 Million for Federal Facilities in Los Angeles and San Diego, California

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Posted 05 January 2009 @ 08:30 am ET

ATLANTA, Jan. 5 /PRNewswire-FirstCall/ -- Tri-S Security Corp.(Nasdaq: TRIS), a provider of security services for government and privateentities, today announced its wholly-owned subsidiary, Paragon Systems, Inc.("Paragon"), was awarded two new contracts to provide armed guard services inLos Angeles and San Diego, California. Both contracts are with the Departmentof Homeland Security and include security for the counties surrounding LosAngeles and San Diego. The Los Angeles contract and the San Diego contract arevalued at approximately $94 and $47 million, respectively, for a combinedtotal of $141 million in revenue over five years. As a result of thesecontract awards, Paragon's contract awards for 2008 now total over $503million.

"We would like to express our appreciation to the Department of HomelandSecurity for its continued support of Paragon, and reaffirm our commitment tocontinue to provide the quality of service that the Department of HomelandSecurity has come to expect from Paragon," said Ronald G. Farrell, Chairmanand CEO of Tri-S Security.

"Fiscal year 2008 has been the best year for Paragon for contract awardssince it was acquired by Tri-S Security in 2004. With a current pipeline ofcontracts valued at $397 million, we look forward with confidence to a strong2009," added Mr. Farrell.

About Tri-S Security Corp.

Based in Atlanta, GA, Tri-S Security Corp. (Nasdaq: TRIS) is a provider ofsecurity services and equipment for government and private entities spanning awide range of industries. Security services include uniformed guards,personnel protection, access control, crowd control and the prevention ofsabotage, terrorist and criminal activities. As a leading aggregator of elitesecurity companies, Tri-S Security is designed to build a strong enterprise inwhich to service a unique customer base that ensures America's safety at homeand work. Tri-S Security assumes responsibility for the marketing,infrastructure and overall operational performance for its subsidiaries. Tri-SSecurity's management leverages highly trained government officers,experienced industry leaders, proven financial executives and infrastructureexperts to consolidate the fragmented security industry into one efficient andeffective security force.

Forward-Looking Statements

This press release includes "forward-looking statements" within themeaning of the Federal securities laws. Forward-looking statements arecommonly identified by such terms and phrases as "should", "expects", "plans","anticipates", "believes", "estimates", "projects" and other terms withsimilar meaning indicating potential impact on our business. Although webelieve that the assumptions upon which such forward looking statements arebased are reasonable, we can give no assurance that these assumptions willprove to be correct. Important factors that could cause actual results todiffer materially from our projections and expectations are disclosed in ourfilings with the Securities and Exchange Commission, including the "RiskFactors" section set forth in our Annual Report on Form 10-K for the yearended December 31, 2007, and our Quarterly Reports on Form 10-Q filedsubsequent thereto. All forward-looking statements in this press release areexpressly qualified by such cautionary statements and by reference to theirunderlying assumptions. We do not undertake to publicly update theforward-looking statements contained herein to conform to actual results orchanges in our expectations, whether as a result of new information, futureevents or otherwise. You may obtain and review our filings with theSecurities and Exchange Commissions by visiting http://www.sec.gov.

SOURCE Tri-S Security Corp.


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