NEW YORK, NY and KUALA LUMPUR, MALAYSIA - (NewMediaWire) - January 19, 2016 - Malaysia Pro-Guardians Security Management Corp. (OTCQB: MPGS), a highly skilled and professionally-trained security protection team has announced today that it has reached a collaborative agreement with the Ministry of Transportation (Malaysia), a government branch responsible for maintaining domestic infrastructure, regulating transport system technology, and providing active enforcement in transport industry affairs. In a coordinated effort with Dato' Sri, MPGS has managed to become the only company to collaborate with the Ministry of Transportation in Malaysia. The joint partnership now enters Malaysia's market valued at $7.5 billion MYR per year in vehicular products and security services.
With over 7.5 million vehicles, 1.5 million of which are commercial and 6.5 million, residential, SkyEye:DMS expects a $7.5 billion MYR market value per year, charging each commercial vehicle a $1500 MYR monthly subscription fee. The self-renewing fee includes technological maintenance and installation of SkyEye:DMS's proprietary surveillance equipment. In a coordinated effort with Dato' Sri, MPGS has managed to become the only company to collaborate with the Ministry of Transportation in Malaysia. The combined resources and experience of both companies with infrastructure construction, security convoy technology, and government administration will optimize client accessibility and public relations. Implementation of cutting-edge technology in government-regulated vehicles with an external awareness of security protocol will communicate a consumer-oriented market strategy, promoting Malaysia's international placement in commodity transportation.
Hua Fung Chin, Chief Executive Officer, remarked, "Dato' Sri's perseverance in advancing this collaboration serves to differentiate the company as a national benchmark for transport security technology. Due to Malaysia's "compulsory rule", the Ministry of Transportation is required to install black box devices in most sanctioned vehicles. Per this timely regulation, the Malaysian government conveniently maintains its public initiative for fostering a safer community while contributing to our company's marketing prospects and ensuring future legal endorsement.
About Malaysia Pro-Guardians Security Management Corp.: Malaysia Pro-Guardians Security Management Corp. is a highly professional protection team that upholds and maintains safety of their client interest to support our main core business in protecting our clients from any potential harm. It is the only private sector security company that is allowed to carry firearms in all of Malaysia. All of our security personnel are well trained to be professional, reliable, and highly trained to meet the highest standards in any critical situations encountered which include first aid, protocol utility, and diplomacy in a wide variety of tactical, protective, and security related subjects. Our company recognizes that each client has specific needs and objectives, which are each assessed and addressed individually; solutions are planned and tailored to the most rigorous demands. Additional information about this company is available at: www.proguardsecuritymanagement.com
Forward-Looking Statements: This release contains certain "forward-looking statements" relating to the business of the Company. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.
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