Company: AGSS
Filing Date: 2025-05-12
Form Type: 10-K
Source: 0001829126-25-003553
Chunk: 4

Company: AMERIGUARD SECURITY SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-K
Item: Item 1
Chunk 4
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 Los Angeles CA and Loma Linda CA. These three contracts generate approximately
$9 million in revenues annually. TUS operates approximately70 vehicles, a mixture of sedans, minivans, and full-size vans with wheelchair
lifts, along with a dispatch service available 24 hours a day, 365 days a year.

As we continue to push growth organically as well as through acquisition, we will be able to realize a greater market share in each of these two industries.

Corporation Information

Our principal executive offices are currently located at 5470 W Spruce Ave Suite 102 Fresno CA 93722.

Our website; www.ameriguardsecurity.com and www.transportus.us

Employees

As of December 31, 2024, AGSS had 6 administrative
employees, AGS had 240 employees, 172 of these employees are represented by collective bargaining agreements and TUS had 72 employees.
The Company considers relations with its employees to be very good.

Our Industries

Security

Security guard and related services in the US
is comprised of over 11,000 companies and 900,000 officers. We compete with top firms, such as Allied Universal, Securitas, G4S and Prosegur
Security, which control the majority of the industry. AGS revenue at approximately $17 million in annual revenue places it in a strong
competitive position.

We believe that the top 40 companies have the
resources to harness technology, to expand their business into related services other than guard services. Companies with over $50 million
in revenue have, over the last 10 years, experienced steady growth while those guard companies between $15 million and $20 million, the
remaining 9,900 firms, have experienced greater challenges to increase revenues. We believe that the principal reason for this is the
steady diversification of security services away from the traditional guard services to areas of utilization of technology requiring capital.
Along with this, we believe that the profitability challenges below $20 million annual sales are much more difficult than above $50 million
is sales, largely due to the significant economies of scale achieve at the higher revenue levels.

The proliferation of technology while increasing efficacy in performance and inevitably lower costs in the future, the impact on the contract security industry will likely have mixed results – positive for companies who harness technology into their service delivery strategies – and negative for those companies who fail to invest in or adopt these service-enhancing capabilities. Despite the advances in the U.S. contract guarding business over