Difference between revisions of "Stratesec"
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|wikipedia=https://en.wikipedia.org/wiki/Stratesec | |wikipedia=https://en.wikipedia.org/wiki/Stratesec | ||
| + | |historycommons=http://www.historycommons.org/entity.jsp?entity=stratesec | ||
|start=1987 | |start=1987 | ||
|end=September 2013 | |end=September 2013 | ||
|description=A "security company" which did unspecified security work on the World Trade Center from 1993-2001 and which numbered [[Marvin Bush]] amongst its directors. | |description=A "security company" which did unspecified security work on the World Trade Center from 1993-2001 and which numbered [[Marvin Bush]] amongst its directors. | ||
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| − | '''Stratesec''' (formerly known as '''Securacom''' and '''Burns and Roe Securacom''') was a security company founded in 1987 and based out of [[Woodcliff Lake, New Jersey]].<ref>{{cite news |title=Securacom Inc. Announces Pricing of Initial Public Offering |publisher=Business Wire |date=October 2, 1997}}</ref> The company went public on October 2, 1997 on the [[American Stock Exchange]]<ref>{{cite news |title=Stock Market Watch |publisher=CNNFN |date=October 2, 1997}}</ref> and was delisted in 2002. The [[spook]]y [[Kuwaiti-American Corporation]] owned a controlling interest in the group from 1993 to 1999.<ref>http://portland.indymedia.org/en/2013/05/423489.shtml</ref> | + | '''Stratesec''' (formerly known as '''Securacom''' and '''Burns and Roe Securacom''') was a security company founded in 1987 and based out of [[Woodcliff Lake, New Jersey]].<ref>{{cite news |title=Securacom Inc. Announces Pricing of Initial Public Offering |publisher=Business Wire |date=October 2, 1997}}</ref> The company went public on October 2, 1997 on the [[American Stock Exchange]]<ref>{{cite news |title=Stock Market Watch |publisher=CNNFN |date=October 2, 1997}}</ref> and was delisted in 2002. The [[spook]]y [[Kuwaiti-American Corporation]] owned a controlling interest in the group from 1993 to 1999.<ref>http://portland.indymedia.org/en/2013/05/423489.shtml</ref> |
==IPO== | ==IPO== | ||
At [[Initial public offering|IPO]] in 1997, Securacom listed among its clients [[Washington Dulles International Airport]], [[Hewlett-Packard]], [[Electronic Data Systems|EDS]], [[United Airlines]], [[Gillette (brand)|Gillette]], [[MCI Communications|MCI]], the [[World Trade Center]], and other facilities including hospitals, prisons, corporations, utilities, universities.<ref>{{cite news |title=Securacom, Inc. Initial Public Offering Begins Trading on Amex |publisher=PR Newswire |date=October 2, 1997}}</ref> | At [[Initial public offering|IPO]] in 1997, Securacom listed among its clients [[Washington Dulles International Airport]], [[Hewlett-Packard]], [[Electronic Data Systems|EDS]], [[United Airlines]], [[Gillette (brand)|Gillette]], [[MCI Communications|MCI]], the [[World Trade Center]], and other facilities including hospitals, prisons, corporations, utilities, universities.<ref>{{cite news |title=Securacom, Inc. Initial Public Offering Begins Trading on Amex |publisher=PR Newswire |date=October 2, 1997}}</ref> | ||
| − | == | + | ==Leadership== |
| + | [[Marvin Bush]], son of US president [[George H.W. Bush]], and brother to US president [[George W. Bush]], was on the board of directors from 1993-2000. [[Barry McDaniel]] was CEO, and was not questioned by the [[9/11 commission]].<ref>http://alienscientist.com/911.html</ref> | ||
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| + | ==Contracts== | ||
Following the [[1993 World Trade Center bombing]], the [[Port Authority of New York and New Jersey]] began a $8.3 million, multi-year revamp of security in and around the Twin Towers and Buildings 4 and 5. Stratsec (then Securacom) was one of the contractors hired in the upgrade.<ref name="chimp">http://911research.wtc7.net/cache/wtc/background/smirkingchimp_securacom.html | Following the [[1993 World Trade Center bombing]], the [[Port Authority of New York and New Jersey]] began a $8.3 million, multi-year revamp of security in and around the Twin Towers and Buildings 4 and 5. Stratsec (then Securacom) was one of the contractors hired in the upgrade.<ref name="chimp">http://911research.wtc7.net/cache/wtc/background/smirkingchimp_securacom.html | ||
| − | </ref> | + | </ref> Securacom's three biggest clients in 1996 and 1997 were the [[World Trade Center]] and the Metropolitan Washington Airport Authority - which operates Dulles - and MCI, now WorldCom. |
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| − | Securacom's three biggest clients in 1996 and 1997 were the [[World Trade Center]] and the Metropolitan Washington Airport Authority - which operates Dulles - and MCI, now WorldCom. | ||
==Trademark Lawsuit== | ==Trademark Lawsuit== | ||
Revision as of 03:11, 15 May 2017
 Stratesec    | |
|---|---|
| Formation | 1987 |
| Extinction | September 2013 |
| Parent organization | Kuwaiti-American Corporation |
| Type | commercial |
| Interest of | Kevin Ryan |
| Exposed by | Margie Burns |
| Subpage | •Stratesec/CEO |
| A "security company" which did unspecified security work on the World Trade Center from 1993-2001 and which numbered Marvin Bush amongst its directors. | |
Stratesec (formerly known as Securacom and Burns and Roe Securacom) was a security company founded in 1987 and based out of Woodcliff Lake, New Jersey.[1] The company went public on October 2, 1997 on the American Stock Exchange[2] and was delisted in 2002. The spooky Kuwaiti-American Corporation owned a controlling interest in the group from 1993 to 1999.[3]
IPO
At IPO in 1997, Securacom listed among its clients Washington Dulles International Airport, Hewlett-Packard, EDS, United Airlines, Gillette, MCI, the World Trade Center, and other facilities including hospitals, prisons, corporations, utilities, universities.[4]
Leadership
Marvin Bush, son of US president George H.W. Bush, and brother to US president George W. Bush, was on the board of directors from 1993-2000. Barry McDaniel was CEO, and was not questioned by the 9/11 commission.[5]
Contracts
Following the 1993 World Trade Center bombing, the Port Authority of New York and New Jersey began a $8.3 million, multi-year revamp of security in and around the Twin Towers and Buildings 4 and 5. Stratsec (then Securacom) was one of the contractors hired in the upgrade.[6] Securacom's three biggest clients in 1996 and 1997 were the World Trade Center and the Metropolitan Washington Airport Authority - which operates Dulles - and MCI, now WorldCom.
Trademark Lawsuit
After the company went public in 1997, Securacom was ordered through a court of law, to change its name to Stratesec, due to a 1995 name infringement suit from SecuraComm, a smaller Pittsburgh-based consultancy.[7] The court found a deliberate effort by Securacom to financially "bury" the plaintiff, Ron Libengood, and "take everything he had" by filing a barrage of frivolous arguments against Libengood and his attorneys in multiple jurisdictions. Appellate courts opined that Securacom "tried to prevail by crushing Libengood and his corporation" in a "sweeping attempt to beat a financially weaker opponent through the use of vexatious litigation."[8][9]
The company, then known as Stratesec, was delisted from the American Stock Exchange in July 2002 due to inability to make financing payments to ES Bankest, its primary shareholder, and other financial problems.[10]
See also
- Kroll Inc. - Securacom sold security-related equipment to the New York Port Authority for the security of the World Trade Center. Securacom's contract for the sale of equipment was terminated in 1998.
References
- ↑
{{URL|example.com|optional display text}} - ↑
{{URL|example.com|optional display text}} - ↑ http://portland.indymedia.org/en/2013/05/423489.shtml
- ↑
{{URL|example.com|optional display text}} - ↑ http://alienscientist.com/911.html
- ↑ http://911research.wtc7.net/cache/wtc/background/smirkingchimp_securacom.html
- ↑
{{URL|example.com|optional display text}} - ↑ http://www.altlaw.org/v1/cases/1099498 an opinion by Samuel Alito
- ↑ http://www.altlaw.org/v1/cases/1365635
- ↑
{{URL|example.com|optional display text}}
