Financial Information
Consolidated Statements of Income For The Years Ended October 31, 2008 and 2007
| 2008 | 2007 | |
| $ | $ | |
| Sales | $29,942,385 | $25,136,125 |
| Cost of Sales | 6,596,303 | 5,130,323 |
| Gross Profit | 23,346,082 | 20,005,802 |
| Expenses | ||
| Selling | 10,563,991 | 10,949,615 |
| General and administrative | 5,374,444 | 4,308,286 |
| Amortization: | ||
| Property, plant and equipment | 2,367,729 | 1,922,644 |
| Deferred charges | 8,457 | 9,591 |
| Intangible assets | 866,315 | 822,767 |
| Interest (Note 8) | 90,131 | 102,258 |
| Foreign exchange | 189,275 | (214,450) |
| 19,460,342 | 17,900,711 | |
| Income before income taxes | 3,885,740 | 2,105,091 |
| Income taxes (Note 9) | 1,275,155 | 824,919 |
| Net income for the year | $2,610,585 | $1,280,172 |
| Basic earnings per share, ( Note 12) | $0.22 | $0.11 |
| Fully diluted earnings per share, ( Note 12) | $0.22 | $0.11 |
See accompanying notes to consolidated financial statements.
Consolidated Statements of Retained Earnings For The Years Ended October 31, 2008 and 2007
| 2008 | 2007 | |
| Fully diluted earnings per share, ( Note 12) | $ | $ |
| Retained earnings, beginning of year | $4,454,150 | $3,173,978 |
| Net income for the year | 2,610,585 | 1,280,172 |
| Retained earnings, end of year | $7,064,735 | $4,454,150 |
See accompanying notes to consolidated financial statements.
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Testimonials
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Doing a great job! Can't beat it for the money.
-Lonnie, NC -
On the occasions we have had to talk to Central Station, your representatives have always been very patient and courteous.
-Donna, AB -
Recently we had a technician come in regarding my alarm working incorrectly. He fixed the issue and spent about one hour addressing our concerns for safety in our basement. We had a motion sensor installed. Any time your people have been here they are knowledgeable and patient. I am very satisfied with AlarmForce.
-Teresa, AB -
AlarmForce has given my family a sense of security and peace. With having a brand new baby girl to protect, AlarmForce keeps us sleeping safe in our beds. The staff has always been very helpful/knowledgeable when we have needed questions answered. We have recommended AlarmForce to many of our friends that are starting of in their new homes. Thank you AlarmForce, keep up the great work!
-Reydean R. - Airdrie, AB -
Hi my name is Maryanne, we have had AlarmForce in our home for around 5 years , a few years back my husband was out of town and it was my birthday and a few friends took me out on the town to celebrate and one girlfriend stayed the night with me in the house we turned the alarm on and went out after many glasses of wine we went back to my house my girlfriend and I walked in the house and never turned the alarm on ,Well, the alarm goes off and the operator says " AlarmForce identify yourself " I say ( very inebriated ) " It's Me!!" lol this went on till my friend intercepted and asked me "what's your password"!!! Thank God that gentleman operator was patient, kind and obviously had a sense of humor and shut the alarm off and enough compassion. Not to call the police and embarrass myself further was a blessing. Recently another alarm company wanted us to switch I said "No, they know me at AlarmForce"!!!
-Maryanne T - Okotoks, AB -
Every person I have talked to has been very nice and helpful.
-Matthew, OH -
We have been with Alarm Force for two years now. When we were considering what type of protection we wanted, we asked different neighbors who had your security system, if they felt it was good coverage. They did reply that they felt very safe because of the “real” voice that comes on when someone has entered without the code. Now that we have purchased this system, we have had good success for far. There have been a couple of incidents where my family has come into my home and forgotten to shut off alarm, but very quickly the voice comes on, and rectifies the problem right away. So far, we haven’t been charged for this, and we thank you. We had one incident where we were away and our neighbors were watching our home for us. We didn’t know that my sister was going to come to our house, and she did not realize that we had put a security system in our home. So of course, the alarm went off, she panicked and our neighbor, Mike, came to her rescue. The AlarmForce staff was very co-operative and polite when she responded to the phone. I am not often at home by myself, but I do know that I would feel very safe in knowing the alarm is set and I can relax. I would definitely recommend your system to anyone looking for security.
-Omer D. - Alberta -
I am extremely pleased with your service. When I did not notify you that I would be on holiday, you called my son to inform him that I had not turned my alarm off after day 2 and that he should check on me. As a senior, I really appreciate what I refer to as service beyond the call of duty. Thank you.
-Lanadale, ON






