Financial Information
Auditors’ Report
To the Shareholders of AlarmForce Industries Inc.
We have audited the consolidated balance sheets of AlarmForce INDUSTRIES INC. as at October 31, 2007 and 2006 and the consolidated statements of retained earnings, income and cash flows for the years then ended. These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with Canadian generally accepted auditing standards. Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.
In our opinion, these consolidated financial statements present fairly, in all material respects, the financial position of the Company as at October 31, 2007 and 2006 and the results of its operations and its cash flows for the years then ended in accordance with Canadian generally accepted accounting principles.
Chartered Accountants
Licensed Public Accountants
Toronto, Ontario
January 11, 2008
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Testimonials
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Your company has given me peace of mind. I never think twice when I leave my home as long as the alarm is set. Thank you for your security.
-Ingrid, BC -
My family has been using AlarmForce for over ten years. They are a reliable security company, and always provide professional service. When I moved away from home, the choice for my new place was easy - AlarmForce!
-Lisa - Vancouver, BC -
We have had AlarmForce installed in our home for approximately 3 years and have had to use it twice; hospitalization was required in both cases. Thank you AlarmForce, my wife is still with me. Love your product.
-Richard - Calgary, AB -
I've been using an Alarm Force security system in my business for 3.5 years. The system is EXACTLY what I wanted, the installer/tech was friendly, courteous and informed. I've had four alarms in the time I've had the system; two because my back door was frozen shut in the winter and couldn't shut my alarm off in time, 1 because I forgot to shut my alarm off, and 1 because someone did, in fact, try to break into my shop. My alarm system was recommended by my insurance agent, and I can safely say that it was a wise choice.
-Louise C. - Vulcan, AB -
Alarm force is the best. Since I installed it in my house it gave me some sort of peace of mind. I do not even think about possible crimes happening in my house I know that the guys of alarm force are right there with me.
-Vasil - Maple Grove, MN -
I was at first not convinced that Alarm Force would work in my home. We have two small terriers that have been our guard dogs for 10 years and we were worried they would set off the alarm. Just after the system was installed I forgot to enter the PIN to disarm and heard a loud voice asking me to identify myself. I gave the password and even after that I received a phone call asking me if everything was OK. I feel very safe now and am convinced that Alarm Force is the best. My guard dogs work only part time now.
-Jack - Richmond Hill, ON -
The prompt service response from AlarmForce has provided us with confidence and trust that our home is safely secured. We are so happy with its services and thus, rate it as the best company we have used. Thanks very much AlarmForce - please continue with what you are doing to keep families happy and safe!
-Verna - Vancouver, BC -
I was a bit hesitant about calling Alarmforce as I thought I would get the big sales pitch and have to commit my first born to get a system but I was connected to a salesperson named Terry who sounded more like he could have been my Dad than some high pitched sales guy. He just gave me the facts, told me that I could probably install the system myself and it all went off very well. We are always treated well when we call in for a test or even when we have accidentally set off the system. We feel great about our system, it is very sensitive and makes us feel a whole lot safer. Thanks Alarmforce!
-Ron B. - Sundre, AB
