ATLANTA, Jan. 6 /PRNewswire-FirstCall/ -- Tri-S Security Corp. (Nasdaq: TRIS), a provider of security services for government and private entities, today announced its wholly-owned subsidiary, Paragon Systems, Inc. ("Paragon"), was awarded, on December 31, 2008, a $42.5 million contract to provide armed and unarmed guard services in Southern Virginia. The contract is with the Department of Homeland Security and is valued at approximately $42.5 million over five years. It is scheduled to start on April 1, 2009, adding approximately $6.4 million in revenue for Paragon in 2009. It will require approximately two hundred guards at a number of sites throughout Southern Virginia.

"This contract increases the total awards for the fourth quarter of 2008 to approximately $183.5 million and a total of approximately $545.5 million for the full year 2008," said Ronald G. Farrell, Chairman and CEO of Tri-S Security.

Paragon has now won a contract in each of the last thirteen quarters, stretching back to the fourth quarter of 2005.

"With a current pipeline of contracts valued at $355 million, we continue to look forward with confidence to a strong 2009," added Mr. Farrell.

About Tri-S Security Corp.

Based in Atlanta, GA, Tri-S Security Corp. (Nasdaq: TRIS) is a provider of security services and equipment for government and private entities spanning a wide range of industries. Security services include uniformed guards, personnel protection, access control, crowd control and the prevention of sabotage, terrorist and criminal activities. As a leading aggregator of elite security companies, Tri-S Security is designed to build a strong enterprise in which to service a unique customer base that ensures America's safety at home and work. Tri-S Security assumes responsibility for the marketing, infrastructure and overall operational performance for its subsidiaries. Tri-S Security's management leverages highly trained government officers, experienced industry leaders, proven financial executives and infrastructure experts to consolidate the fragmented security industry into one efficient and effective security force.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the Federal securities laws. Forward-looking statements are commonly identified by such terms and phrases as "should", "expects", "plans", "anticipates", "believes", "estimates", "projects" and other terms with similar meaning indicating potential impact on our business. Although we believe that the assumptions upon which such forward looking statements are based are reasonable, we can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from our projections and expectations are disclosed in our filings with the Securities and Exchange Commission, including the "Risk Factors" section set forth in our Annual Report on Form 10-K for the year ended December 31, 2007 and our Quarterly Reports on Form 10-Q filed subsequent thereto.

All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to their underlying assumptions. We do not undertake to publicly update the forward-looking statements contained herein to conform to actual results or changes in our expectations, whether as a result of new information, future events or otherwise. You may obtain and review our filings with the Securities and Exchange Commissions by visiting http://www.sec.gov.

SOURCE Tri-S Security Corp.