COSTA MESA, Calif.--(BUSINESS WIRE)--June 2, 2004--Universal Guardian Holdings, Inc. (OTCBB:UGHO - News), a provider of security products and services to mitigate terrorist and security threats for governments and businesses worldwide, today announced the opening of a new wholly owned subsidiary named Secure Risks Limited, a provider of business risk solutions and strategic security services to government and industry organizations, currently based in London, England. Secure Risks will operate from offices in London, Paris, Zurich, Cyprus, Jakarta, Hong Kong, and Los Angeles (Costa Mesa) beginning in the next few weeks, and plans to open offices in Washington D.C., Kabul, Baghdad, Shanghai, and Caracas in the coming months.
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Secure Risks' services include threat assessment, risk analysis, country risk management, business intelligence, corporate investigations, information assurance, kidnap and ransom, intellectual property and brand protection, identity theft, and investigations of fraud, money laundering, stock manipulation, as well as strategic security services including executive and diplomatic protection and training.

"Secure Risks has assembled a premier team of international experts who draw their expertise from having held senior positions in United Kingdom Customs Investigative Branch, London Metropolitan Police - Special Branch, U.S. Drug Enforcement Administration, Royal Canadian Mounted Police - Counterterrorism, United States Central Intelligence Agency, Canadian Intelligence and Security Service, and the British Army's Special Air Service (SAS)," stated Michael Skellern, CEO of Universal Guardian Holdings. "Secure Risks' diverse management participates on the U.S. Department of Justice - White Collar Crime Commission, World Customs Organization, Operation Safe Customs, and several other U.S., UK and European commissions. We have assembled a true coalition to combat threats to corporate and government assets around the world," added Mr. Skellern.

Secure Risks' customers include multi-national corporations, international financial institutions, branded products manufacturers, law firms, and government agencies around the world. "Based on indications from our current and prospective customers, we expect Secure Risks to exit the year with revenues exceeding $6 million," commented Mr. Skellern. "We hope to announce such contracts in the coming months."

About Universal Guardian Holdings, Inc.

Universal Guardian Holdings, Inc. (UGHO) and its subsidiary companies provide a comprehensive range of security products, systems and services designed to mitigate terrorist and security threats worldwide. From strategic security services, business risk solutions, interoperable security systems, to non-lethal defense products, UGHO companies cover a broad spectrum of security applications for government and industry from operations on every continent. www.universalguardian.com

Safe Harbor Statement:

This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or if they prove incorrect, could cause the results of Universal Guardian Holdings, Inc. to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in the reports filed by Universal Guardian Holdings, Inc. with the Securities and Exchange Commission. Universal Guardian Holdings, Inc. assumes no obligations and does not intend to update these forward-looking statements.

Further information is available on the Company's website: www.universalguardian.com.

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Contact:
Universal Guardian Holdings, Inc., Costa Mesa
Michael J. Skellern, +1 949-743-9525
or
CCG Investor Relations, Sherman Oaks, Calif.
Alireza Saifi, +1 818-789-0100