(PRWEB) August 30, 2005
PST Ltd. has signed an agency/sales agreement to cover the territory of Moscow, Russia. Russia represents a unique opportunity for PST, as it is one of the major oil and gas producers in the world.
The oil and gas industries in the Russia have taken the leading role in the purchasing of security equipment and services. Oil and Gas enterprisesÂ purchases now account for twenty five percent of the security market in the country, followed by government agencies (twenty two percent) and power generation enterprises (sixteen percent). The upsurge in security equipment purchasing comes as both investors and management are willing to expand security budgets. Oil has become a prime economic target.
Russian businesses have experienced excellent economic growth in the past few years, which has led them to increase spending on securing and monitoring facilities, office buildings, and factories.
Research reports point out that the current breakdown of the security equipment market is as follows:
CCTV video-monitoring systems (22%)
Control systems and access control systems (18.3%)
Perimeter systems (13.7%)
Anti-theft and fire prevention systems (27.4%)
Bug detectors (10.5%)
PST believes this relationship will further its ability to reach out to new customers in the country.
About the Company: PST Ltd. is a global security and technology firm covering the oil & gas industry. The company has offices in the major oil producing regions around the world. PST is an international firm built by veteran oil industry engineers and provides vital technologies to the oil & gas industry. By developing and licensing cutting edge technologies, PST delivers a cost effective solution for securing infrastructure facilities such as oil pipelines, gas pipelines, oil exploration facilities, oil refineries, nuclear power plants, electrical power plants, water treatment plants and government facilities. The statements in this press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results. This press release contains forward looking statements. In particular, when used in the preceding discussion, the words "plans," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any forward-looking statements.
# # #