$MPGS premarket news! On reversal watch! Malaysia
Post# of 18519
NEW YORK, NY and KUALA LUMPUR, MALAYSIA--(Marketwired - Nov 12, 2015) - Malaysia Pro-Guardians Security Management Corp. (OTCQB: MPGS), a highly skilled and professionally-trained security protection team, has announced today that it has reached a collaborative agreement with Fuji Xerox Printers Channel Malaysia, a joint venture partnership between the Japanese photographic firm Fuji Photo Film Co. and the American document management company Xerox that develops, produces, and sells xerographic and document-related products and services as well as regulates the authenticity and marketing of relevant Fuji Xerox products in the Asia-Pacific region.
Dato' Sri helped facilitate the partnership which provides special products and services to the company in exchange for Proguard Security Services' help in regulating the abuse on non-genuine toners into the government sector. Third party printer consumable products being interspersed into the economy would ultimately result in a high failure rate of printers as well as automatically void the warranty on Fuji products. This would result in a higher cost in managerial maintenance in the long run. With the proposal by Proguard Security Services (M) Sdn Bhd to help aid Fuji Xerox's efforts, the Malaysian government will be able to enjoy cost savings as well as enjoy the highest printing quality with 100% genuine Fuji Xerox consumables.
Hua Fung Chin, Chief Executive Officer, commented, "Dato' Sri continues to think brilliantly for the prospective future of the Malaysian Government, regarding both yearly costs in products and services and maintaining the highest printing quality with genuine Fuji Xerox products. The joint cooperation agreement is tied up into a 5-year contract with exclusive rights to both parties. In solving the government problem of illegitimate products in circulation and helping reduce their losses in mismanagement of products or services, the agreement will help advance the company by providing the government with a long-term solution. With our continuous analysis with the relevant government authorities, we can together reduce any further losses."
Read Full: http://finance.yahoo.com/news/malaysia-pro-gu...00186.html