Stratesec

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Group.png Stratesec   History CommonsRdf-icon.png
Formation 1987
Extinction September 2013
Parent organization Kuwaiti-American Corporation
Headquarters Woodcliff Lake, New Jersey, USA
Type commercial
Interest of Kevin Ryan
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]

People

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] Kevin Ryan claims that investors included Mishal Yousef Saud Al Sabah and members of the Kuwaiti royal family (including Nurse Nayirah!) as well as Arnaud de Borchgrave.[6]

Activities

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.[7] 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.

Securacom did business with Kroll Inc.[citation needed] and sold security-related equipment to the New York Port Authority for the security of the World Trade Center, acontract that was terminated in 1998.

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.[8] 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."[9][10]

Delisting

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.[11]

 

Related Document

TitleTypePublication dateAuthor(s)Description
Document:Wirt Walker, Russell and Co, CIA, and 911article3 September 2010Kevin Ryan


References

  1. "Securacom Inc. Announces Pricing of Initial Public Offering". Business Wire. October 2, 1997. 
  2. "Stock Market Watch". CNNFN. October 2, 1997. 
  3. http://portland.indymedia.org/en/2013/05/423489.shtml
  4. "Securacom, Inc. Initial Public Offering Begins Trading on Amex". PR Newswire. October 2, 1997. 
  5. http://alienscientist.com/911.html
  6. https://lumpenproletariat.org/2016/08/24/guns-and-butter-presents-part-4-another-nineteen-investigating-legitimate-911-suspects-by-kevin-ryan/ Part 4
  7. http://911research.wtc7.net/cache/wtc/background/smirkingchimp_securacom.html
  8. Thomas Petzinger Jr (January 16, 1998). "A Business Lawsuit Should Always Be Strictly Business" (PDF). The Wall Street Journal. 
  9. http://www.altlaw.org/v1/cases/1099498 an opinion by Samuel Alito
  10. http://www.altlaw.org/v1/cases/1365635
  11. Hughlett, Roger (September 26, 2003). "Chantilly firm folds under factoring". Washington Business Journal.