DP Diagnostic Products

NEWPORT BEACH, Calif., July 13 /PRNewswire-FirstCall/ -- Universal Guardian Holdings, Inc. (OTC:UGHO) (BULLETIN BOARD: UGHO) , an emerging global leader in non-lethal tactical products, global supply chain visibility and security, and strategic security services to protect governments and industries against criminal, terrorist, and security threats, today announced that it has appointed noted financial industry leader Dr. Kenneth Merchant to Universal Guardian Holdings' Board of Directors and Chairman of its Audit Committee. "Dr. Merchant has served as a valued business advisor to some of the world's largest corporations and currently serves as Deloitte & Touche LLP Chair in Accountancy at the University of Southern California. Dr. Merchant also currently teaches in USC's Executive MBA and Global Executive MBA programs and is the ethics coordinator for USC's undergraduate accounting program," stated Michael Skellern, Chief Executive Officer of Universal Guardian. "As a rapidly expanding Global Risk Mitigation Company, we are fortunate to have such a distinguished gentleman in international business, finance and accounting as a member of Universal Guardian's Board of Directors as well as chairman of our Audit Committee," continued Mr. Skellern. Dr. Merchant has served as Senior Associate Dean - Corporate Programs in USC's Marshall School of Business (2003-04) and as Dean of USC's Leventhal School of Accounting (1994-2001). Professor Merchant is also a research professor (part-time) at the University of Maastricht (the Netherlands). Before joining USC in 1990, and he previously taught at Harvard University (1978-1990) and the University of California at Berkeley (1976-77). Dr. Merchant was a department controller at Texas Instruments, Inc. and a senior consultant with Ernst & Ernst (now Ernst & Young). He has also worked as a freelance consultant/teacher for many organizations, including Amgen, Arco, AT&T, British Airways, Campbell Soup, Digital Equipment, IBM, McGraw-Hill, Novellus Systems, Philip Morris International, Tektronix, Toyota U.S.A., and World Bank. He is currently serving as a director of Diagnostic Products Corporation (NYSE:DP) and WL Homes LLC. Professor Merchant's current research projects are focused on various issues related to the design and effects of performance measurement/evaluation/incentive systems and corporate governance systems. He has published eight books, including Accounting: Text and Cases (2004), Management Control Systems: Performance Measurement, Evaluation and Incentives (2003), Rewarding Results: Motivating Profit Center Managers (1989), and Fraudulent and Questionable Financial Reporting: A Corporate Perspective (1987), as well as numerous journal articles and teaching cases. Professor Merchant won the American Accounting Association's (AAA's) awards for Notable Contributions to both the Behavioral Accounting (2004) and Management Accounting Literatures (1991-92), the AAA Outstanding Service Award (2003), and the Institute of Management Accountants' Lybrand Gold Medal Award (best paper of the year published in Management Accounting) (1989-90). He is currently a member of the editorial boards of eight academic journals. Professor Merchant has served as president of three AAA sections: Accounting Program Leadership Group; Management Accounting; and Accounting, Behavior and Organizations. He is a current member of two committees of the American Institute of Certified Public Accountants (AICPA): the Business and Industry Executive Committee and the Private Company Enhanced Business Reporting Task Force. Professor Merchant is a graduate of Union College (BA), Columbia University (MBA), and the University of California, Berkeley (PhD) and is a Certified Public Accountant (Texas). About Universal Guardian Holdings Universal Guardian Holdings, Inc. (UGHO) and its subsidiaries provide a comprehensive range of security products, systems, and services designed to mitigate terrorist and security threats worldwide. Universal Guardian's global risks mitigation group includes strategic and tactical security services, integrated and interoperable asset identification, monitoring and management systems for government and industry. Universal's non-lethal products include escalating, non-lethal, everyday use-of-force tools for law enforcement, military, professional security and consumer markets. Universal Guardian companies features a wide variety of applications that provide cost-effective, end-to-end solutions and critical security services for government and multi-national businesses from operations on every continent. http://www.universalguardian.com/ About Universal Guardian Products Universal Guardian's Product Group develops and produces safe and effective non-lethal products and systems that provide law enforcement, military, professional security and consumers with immediate offensive and defensive escalating use-of-force options for several threat environments. The Company's patented Cobra StunLight(TM) "Stops Suspects in their Tracks" and its Riot Defender(TM) launches patented non-lethal RiotBall(TM) projectiles to assist law enforcement and military personnel in the control civil disturbances and dangerous riots. http://www.shielddefense.com/ About Universal Guardian Systems Universal Guardian's Systems Group, ISR Systems Corporation, provides Asset Identification, Monitoring and Management platforms for a multitude of government and industry applications worldwide. UG Systems' integrated T/3 Platform(TM) and RFID Ready(TM) system provides secure end-to-end asset monitoring and management with real-time visibility and security for customers, shippers and government regulatory agencies. http://www.isrsystems.com/ About Universal Guardian Services Group Universal Guardian's Services Group, Secure Risks - SSSI provides practical risk management solutions, insured security services and tactical security services to protect critical infrastructure and valuable assets for governments, non-governmental agencies and multi-national businesses in today's most challenging environments from regional hubs located in the United States, United Kingdom, Europe, South America, Middle East, Africa, Central Asia and Asia Pacific. http://www.securerisks.com/ Safe Harbor Statement: This news release contains certain forward-looking statements pertaining to future anticipated projected plans, performance and developments, as well as other statements relating to future operations and results. Any statements in this news release that are not statements of historical fact may be considered to be forward-looking statements. Written words such as "may," "will," "expect," "believe," "anticipate," "estimate," "intends," "goal," "objective," "seek," "attempt," or variations of these or similar words, identify forward-looking statements. These statements by their nature are estimates of future results only and involve substantial risks and uncertainties, including those detailed from time to time in Universal Guardian Holdings, Inc.'s reports filed with the Securities and Exchange Commission. There can be no assurance that actual results will not differ materially from expectations. These risks factors include potential customer interest in the sale and delivery of its SeaPort Guardian(TM), Container Guardian(TM), Explosive Guardian(TM) and SupplyChain Guardian(TM) systems as well as the production and sale of Cobra StunLight(TM) and Riot Defender(TM) and their accessories. Further information is available on the Company's website: http://www.universalguardian.com/ Investor Relations Contact: Company Contact: Investor Relations Michael J. Skellern, CEO Universal Guardian Holdings, Inc. Universal Guardian Holdings, Inc. 4695 MacArthur Court, Suite 300 4695 MacArthur Court., Suite 300 Newport Beach, CA USA 92626 Newport Beach, CA USA 92626 + 1 949. 861.8295 ext. 211 + 1 949. 861.8295 DATASOURCE: Universal Guardian Holdings, Inc. CONTACT: Investor Relations, ext. 211, or Michael J. Skellern, CEO, both of Universal Guardian Holdings, Inc., + 1-949-861-8295 Web site: http://www.shielddefense.com/ Web site: http://www.isrsystems.com/ Web site: http://www.securerisks.com/ Web site: http://www.universalguardian.com/

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