Technology Sectors
Safe and Secure TV channel announces ticker symbol and name change
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| Gerard Ferri |
Safe and Secure TV Channel, LLC, an Internet broadband television network devoted exclusively to homeland security and emergency preparedness, has announced that FINRA has approved the name change for Safe and Secure TV Channel, LLC and the issuance of a new symbol.
The company's symbol will change from CGRP to SSTC. The change in the company's name and ticker symbol was effected in connection with the previously announced merger of Safe and Secure TV Channel, Inc. with and into China Entertainment Group, Inc.
The change in the symbol will take effect beginning at the open of business on August 12, 2010.
"Our ticker symbol and name change are small yet important steps in the company's overall execution strategy," said Gerard Ferri, CEO of Safe and Secure TV Channel. "I'm confident that the company's unique, timely and essential programming for our government and private sector security clients will result in the creation of long-term value for our partners and shareholders."
Unifying internet broadband television, print magazine publishing, and the latest electronic media, Safe and Secure TV Channel’s proprietary media distribution platform, customer service and marketing tools are specifically designed to enable multi-channel customer communication and relationship development in the safety and security industry.
The company generates revenues through the sale of advertising in media distributed to consumers in the home alarm and related industries, an estimated $45 billion market. Additionally, the company develops sales from commercial and government enterprises that focus on the homeland security industry, one of the fastest-growing industries in the U.S. According to Homeland Security Research Corporation, a market research firm, the worldwide homeland security market is forecasted to grow by nearly 100 percent, from $231 billion in 2006 to $518 billion in 2015, says Safe and Secure TV Channel in a prepared press release issued on August 12, 2010
