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Rainbow Protection

Long Island Alarm Companies Rainbow Protection Joins World Wide Security

In November 2010, Rainbow Protection was acquired by the World Wide Security Group. Rainbow Protection and its past owner, Lenny Minervini, is running the new construction division of World Wide Security. As in the past, Rainbow Protection caters to all the low voltage needs of the building industry. The merger of the two companies has allowed Rainbow to strengthen its position in the residential construction market as well as adding the ability to better serve the commercial market. Some of the services Rainbow provides: Home control and integration, security, fire, whole house audio, home theater, computer networking, phone and intecom systems, closed circuit TV, card access and commercial fire.

Memberships: Long Island Builders Institute, HIA

For more information call 1-800-FREEALARM

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Newsflash

Increase in Revolving Line of Credit will be used for Acquisitions

Garden City, New York—December 16, 2011—World Wide Security announced today that CapitalSource Bank, a commercial lender and a wholly owned subsidiary of CapitalSource Inc., (NYSE: CSE), has increased the revolving line of credit for World Wide Security from $5 million to $8 million. The increase in the revolving line of credit will help fund future acquisitions. Mark Simson, CFO for World Wide Security led the financing for the extension. The relationship with CapitalSource has been a critical component in facilitating past and present growth of the company. World Wide Security is known for its ability to provide security solutions through integrated products. Part of the company’s strategy for growth includes penetrating new and existing security markets with enhanced product offerings and influencing purchasing trends through aggressive pricing structures for customers.