United Protection Security Group Inc. announced that the company has increased its financing facility from $4.5 million to $7 million, the Board of Directors has by a majority vote granted Mr. Ramsoondar, President and CEO of the company 8 million shares of the company at a deemed price of $0.05 per share and $50,000 in cash, by way of compensation for him guaranteeing the increase in the financing facility for the company. Mr. Ramsoondar also has personally guaranteed a 5-year term-debt of the company in the amount of $680,000, which was used to fund an acquisition in 2012. Prior to the approval by the Board of Directors, the company appointed an independent law firm to review Mr. Ramsoondar's guarantee documents and have reconfirmed that the guarantees are enforceable against Mr. Ramsoondar by the Lender.

The overall personal exposure of Mr. Ramsoondar is $7.68 million. The total compensation issued to Mr. Ramsoondar for his personal guarantees is 11.07%, under the TSX-Venture Exchange rules the company was entitled to issue Mr. Ramsoondar up to 20% of the guarantee totals. The transaction is subject to the approval of the TSX-Venture Exchange.