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.

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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