Edmonton, Alberta CANADA, October 24, 2011 /FSC/ - United Protection Security Group Inc. (UZZ - TSX Venture),

F.V.Ramsoondar, Chief Executive Officer of United Protection Security Group Inc. ("UPSG" or the "Company"), (TSX-V: UZZ) is pleased to announce that the Company has entered into a new receivables financing agreement with an international lender based in New York City. The new facility will allow the Company to pay out its existing lender and will also provide more working capital flexibility for planned growth.

The new facility limit will be $4.5M USD, compared to the $3M CAD limit the Company has with its current lender. The new facility does not impose any financial ratio covenants, and is secured by a corporate guarantee and also a by personal guarantee of the Chief Executive Officer of the Company. In consideration for the personal guarantee, the Company's board of directors has agreed to issue 8 million common shares at a price of $0.05 per share to Mr. Ramsoondar, subject to the closing of the transaction and approval of the TSX Venture Exchange. Upon the completion of this transaction Mr. Ramsoondar's shareholdings will exceed 15% of the total issued and outstanding shares of the Company.

The international lender also has term debt and equity financing facilities, which the Company will consider utilizing for its acquisition growth strategies.