<SUBMISSION>
<ACCESSION-NUMBER>0000950123-09-014175
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20090615
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20090616
<DATE-OF-FILING-DATE-CHANGE>20090616
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>ARGYLE SECURITY, INC.
<CIK>0001332585
<ASSIGNED-SIC>7381
<IRS-NUMBER>203101079
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-51639
<FILM-NUMBER>09893123
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>12903 DELIVERY DRIVE
<CITY>SAN ANTONIO
<STATE>TX
<ZIP>78247
<PHONE>210-495-5245
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>12903 DELIVERY DRIVE
<CITY>SAN ANTONIO
<STATE>TX
<ZIP>78247
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>Argyle Security Acquisition CORP
<DATE-CHANGED>20050708
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c86831e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Form 8-K</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV style="font-size: 10pt">
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>


<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
<FONT style="font-size: 12pt">Washington, D.C. 20549
</FONT></B>

<P align="center" style="font-size: 18pt"><B>FORM 8-K</B>

<P align="center" style="font-size: 12pt"><B>CURRENT REPORT<BR>
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</B>

<P align="center" style="font-size: 10pt"><B>Date of Report (Date of earliest event reported): June 15, 2009</B>

<P align="center">

<P align="center" style="font-size: 24pt"><B>ARGYLE SECURITY, INC.<BR></B>
<FONT style="font-size: 10pt">(Exact name of registrant as specified in its charter)
</FONT>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="32%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="32%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>Delaware</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>000-51639</B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>20-3101079</B></TD>
</TR>
<TR valign="top">
    <TD>(State or other Jurisdiction of Incorporation)</TD>
    <TD>&nbsp;</TD>
    <TD>(Commission File Number)</TD>
    <TD>&nbsp;</TD>
    <TD>(IRS Employer Identification No.)</TD>
</TR>
</TABLE>

<TABLE border="0" width="100%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="49%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD style="border-bottom: 1px solid #000000"><B>12903 Delivery Drive<BR>San Antonio, TX<BR></B></TD>
    <TD>&nbsp;</TD>
    <TD style="border-bottom: 1px solid #000000"><B>78247</B></TD>
</TR>
<TR valign="top">
    <TD>(Address of Principal Executive Offices)</TD>
    <TD>&nbsp;</TD>
    <TD>(Zip Code)</TD>
</TR>
</TABLE>

<P align="center" style="font-size: 10pt">Registrant&#146;s telephone number, including area code: <B>(210) 495-5245</B>


<TABLE border="0" width="30%" cellspacing="0" cellpadding="0" style="font-size: 10pt; text-align: center">
<TR>
    <TD width="100%">&nbsp;</TD>
</TR>
<TR>
    <TD nowrap style="border-bottom: 1px solid #000000"><B>&nbsp;</B></TD>
</TR>
<TR>
    <TD nowrap>(Former name or former address if changed since last report.)</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant
under any of the following provisions:

<P align="left" style="font-size: 10pt">
<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>
<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>


<P>
<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>

</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt">This report contains forward-looking statements, which are subject to inherent uncertainties which are difficult to
predict, and may be beyond the ability of Argyle Security, Inc. (the &#147;Company&#148;) to control. Certain statements in this
Current Report on Form 8-K constitute forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, that are not historical facts but rather reflect the Company&#146;s current expectations
concerning future results and events. The words &#147;believes,&#148; &#147;expects,&#148; &#147;intends,&#148; &#147;plans,&#148; &#147;anticipates,&#148; &#147;hopes,&#148;
&#147;likely,&#148; &#147;will,&#148; and similar expressions identify such forward-looking statements. Such forward-looking statements
involve known and unknown risks, uncertainties and other important factors that could cause the actual results,
performance or achievements of the Company (or entities in which the Company has interests), or industry results, to
differ materially from future results, performance or achievements expressed or implied by such forward-looking
statements.


<P align="left" style="font-size: 10pt">The forward-looking statements are subject to risks and uncertainties, including the possibility that the proposed
transaction could be withdrawn, rejected, or unable to be consummated because of various contingencies, including, but
not limited to, the outcome of any legal proceedings that may be instituted against the Company and/or others relating
to the proposed transaction, the effect of the announcement on the Company&#146;s customer relationships, operating results
and business generally, the risk that the proposed transaction disrupts current plans and operations and the potential
difficulties in employee relations as a result of the transaction, the inability to satisfy any material conditions to
consummation of the proposed transaction, downturns in economic conditions generally, the Company&#146;s business or the
state of the corporate credit markets, and the impact of the substantial indebtedness expected to be incurred to
accomplish the proposed transaction. Consider these factors carefully in evaluating the forward-looking statements. The
risk factors listed in the Company&#146;s Form 10-K for the year ended December&nbsp;31, 2008 and subsequently filed Forms 10-Q
and 8-K also provide examples of risks, uncertainties and events that could cause actual results to differ materially
from those contained in forward-looking statements. The forward-looking statements made herein are only made as of the
date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements
and is not responsible for changes made to this press release for Internet or wire services.


<P align="left" style="font-size: 10pt"><I>This Current Report on </I><I>Form 8-K</I><I>, including the exhibits incorporated herein, is not a solicitation of a proxy, an offer
to purchase nor a solicitation of an offer to sell shares of Argyle Security, Inc., and it is not a substitute for any
proxy statement or other filings that may be made with the Securities and Exchange Commission (&#147;SEC&#148;) should this
proposed transaction go forward. If such documents are filed with the SEC, investors will be urged to thoroughly review
and consider them because they will contain important information, including risk factors. Any such documents, once
filed, will be available free of charge at the SEC&#146;s website (www.sec.gov) and from Argyle Security, Inc.</I>


<P align="left" style="font-size: 10pt"><B>&nbsp;Item&nbsp;8.01 Other Events</B>


<P align="left" style="font-size: 10pt; text-indent: 2%">On
June&nbsp;15, 2009, Argyle Security, Inc. (the &#147;Company&#148;)
announced that the Company and MML Capital Partners LLC, in its
capacity as advisor to, and on behalf of, Mezzanine Management
Fund IV &#145;A&#146; L.P. and Mezzanine Management Fund Coinvest A
L.P. (collectively &#147;MML&#148;) entered into a non-binding letter of intent (the &#147;Letter&#148;) to enter into a transaction whereby an entity
controlled by MML (the &#147;Acquiring Company&#148;) would merge its wholly-owned subsidiary into the Company, resulting in the
Company becoming a wholly-owned subsidiary of the Acquiring Company. Pursuant to the merger, existing stockholders and
unitholders of the Company would receive $2.00 per share or unit, as applicable, in cash.


<P align="left" style="font-size: 10pt; text-indent: 2%">The Company&#146;s Board of Directors (the &#147;Board&#148;) appointed a special committee (the &#147;Special Committee&#148;) composed
solely of independent directors to consider the proposal and recommend it to the Board for approval. The special
committee has engaged Houlihan Lokey, as its independent financial advisor, to assist it with its assessment of MML&#146;s
offer.


<P align="left" style="font-size: 10pt; text-indent: 2%">The Company had received an original conditional offer from MML on May&nbsp;19, 2009. Following negotiations, during
which the proposed offer price was increased from $1.00 per share to
$2.00 per share, the Special Committee recommended that the Board authorize the Company to enter into the Letter. Based on the recommendation of the Special
Committee, the Board voted to approve the Company entering into the Letter.


<P align="left" style="font-size: 10pt; text-indent: 2%">The proposed offer price of $2.00 per share would represent a premium to the Company&#146;s closing price of $0.71 on
the last trading day prior to the communication of the original May&nbsp;19, 2009 offer.


<P align="left" style="font-size: 10pt; text-indent: 2%">Pursuant to the Letter, MML has been granted an exclusivity period expiring on the earlier of the execution of a
definitive agreement or 45&nbsp;days after June&nbsp;15, 2009 (the &#147;Exclusivity Period&#148;) in which to complete its confirmatory due
diligence and execute definitive documentation with the Company. During the Exclusivity Period, the Company will not,
and it will cause its subsidiaries and the respective representatives and agents of the Company and its subsidiaries
not to, contact, negotiate or discuss with, or solicit any offer from, and third party for the sale of the Company or
any of its subsidiaries, its capital stock or any material portion of its assets (by merger, sale of capital stock or
assets or otherwise). In addition, the Company will, and will cause its subsidiaries and the respective representatives
and agents of the Company and its subsidiaries to cease any pending negotiations or discussions for the sale of the
Company or any of its subsidiaries, its capital stock or any material portion of its assets. In addition, during the
Exclusivity Period, MML and its affiliates will be subject to a standstill provision whereby they will be prohibited
from acquiring additional securities of the Company or otherwise engaging in any activity that would enable them to control the
Company.

<P align="center" style="font-size: 10pt; text-indent: 2%">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt; text-indent: 2%"><B>There can be no assurance that the Company and MML will be able to agree on the terms of any definitive agreement
or this process will result in any specific transaction. The Company does not intend to comment further publicly with
respect to the negotiations with MML unless a specific transaction is approved by its Board or the negotiations cease.</B>


<P align="left" style="font-size: 10pt; text-indent: 2%">The Letter is attached hereto as Exhibit&nbsp;99.1 and a copy of the press release is attached hereto as Exhibit&nbsp;99.2.
The contents of the Letter are incorporated herein by reference.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Letter of Intent dated June&nbsp;15, 2009 between Argyle Security, Inc. and MML Capital Partners LLC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Press release dated June&nbsp;16, 2009.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">3
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>


&nbsp;

<P align="left" style="font-size: 10pt; text-indent: 4%">Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned hereunto duly authorized.

&nbsp;


<P align="left" style="margin-left:46%; font-size: 10pt"><B>ARGYLE SECURITY, INC.</B>


<P align="left" style="font-size: 10pt">Date:&nbsp;&nbsp;June&nbsp;16, 2009



<P align="left" style="margin-left:46%; font-size: 10pt; margin-top: -11pt">By:<U> <B>/</B>s/ Donald F. Neville&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name:&nbsp;&nbsp;Donald F. Neville&nbsp;
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title:&nbsp;&nbsp;&nbsp;&nbsp;Chief Financial Officer&nbsp;&nbsp;

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">4
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="center" style="font-size: 10pt"><B>EXHIBIT&nbsp;INDEX</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="12%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="83%">&nbsp;</TD>
</TR>
<TR style="font-size: 10pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Exhibit No.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Description</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Letter of Intent dated June&nbsp;15, 2009 between Argyle Security, Inc. and MML Capital Partners LLC.</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><BR>99.2
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR>Press release dated June&nbsp;16, 2009.</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">5




</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>c86831exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt"><B>Exhibit&nbsp;99.1</B>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 10pt">&#091;MML Letterhead&#093;
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">June&nbsp;15, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">The Special Committee of the Board of Directors<BR>
Argyle Security, Inc.<BR>
12903 Delivery Drive<BR>
San Antonio, Texas 78247

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Gentlemen:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">This letter (the &#147;Letter of Intent&#148;) will confirm the intent and understanding of MML Capital
Partners LLC, in its capacity as advisor to, and on behalf of, Mezzanine Management Fund IV &#145;A&#146;
L.P. and Mezzanine Management Fund IV Coinvest A L.P. (collectively &#147;MML&#148;), and Argyle Security,
Inc. (&#147;Argyle&#148; or the &#147;Company&#148;), regarding the proposed transaction more fully described below to
acquire the outstanding shares of common stock and units (the &#147;Common Stock&#148;) of Argyle that MML
and Argyle propose to discuss and, subject to the terms and conditions set forth in this Letter of
Intent and subsequent agreement of the Parties, to undertake. In this Letter of Intent, MML, on
the one hand, and Argyle, on the other hand, are sometimes individually call a &#147;Party&#148; and
collectively called the &#147;Parties.&#148; This Letter of Intent supersedes and replaces MML&#146;s May&nbsp;19, 2009
offer letter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Founded in 1988, MML is a leading Pan-European and Transatlantic investment management firm.
MML has offices in London, Paris, Frankfurt and Stamford, CT and has invested over $1.7&nbsp;billion in
over 80 companies across 11 countries. MML is now investing its fourth fund over which we have
discretionary management.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Proposed Transaction. </B>The proposed transaction would allow for the Company&#146;s shareholders to
receive a cash purchase price of $2.00 per share or unit, as applicable, subject to certain limited
Company shareholders anticipated to rollover their Company common stock as described below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Structure. </B>The structure and related matters of our proposed transaction contemplated by the
transaction include:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Acquisition Co. (&#147;Acquisition Co.&#148;) and a wholly owned subsidiary (&#147;Merger Sub&#148;)
would be formed, and Merger Sub would be merged with and into Argyle, with Argyle
surviving the merger and becoming a wholly owned subsidiary of Acquisition Co.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>It is anticipated that certain members of the Company&#146;s continuing management
team and certain creditors may rollover their shares of Company common stock for
Acquisition Co. common stock based on a $2 value per share.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt"><B>LONDON</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>PARIS</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>FRANKFURT</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>STAMFORD</B>
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="right" style="font-size: 10pt; margin-top: 10pt">June&nbsp;15, 2009
</DIV>


<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Voting and support agreements to be executed by executive management and
directors (in their capacity as shareholders) relating to the proposed transaction,
subject to any fiduciary out exercised by the Company in termination of the merger
agreement.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Each outstanding warrant will become exercisable into the right to receive the
cash merger consideration per share, however, since the exercise price per share
provided in such warrants exceeds the $2.00 merger consideration per share, the
assumption is that the warrants will not be exercised and will expire worthless.</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>The definitive agreement would include, in addition to the items set forth in
this Letter of Intent, standard and customary representations, warranties,
covenants, agreements and closing conditions for a transaction of this nature.</TD>
</TR>

</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Conditions Precedent. </B>The proposed transaction is subject to certain conditions precedent to
the closing of a transaction including:
</DIV>

<DIV style="margin-top: 10pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the completion of limited confirmatory due diligence in MML&#146;s sole satisfaction,
which will be completed within 45&nbsp;days from the date this Letter of Intent is
executed and delivered by both Parties;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cancellation of all compensatory stock options for which the exercise price per
share exceeds the $2.00 merger consideration per share pursuant to the terms of the
Company&#146;s existing option plan or respective option agreement;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cash out of all compensatory stock options for which the exercise per share is
less than the $2.00 merger consideration per share pursuant to the terms of the
Company&#146;s existing option plan or respective option agreement based on the product
of (1)&nbsp;the number of shares of Company common stock underlying such stock option,
multiplied by (2)&nbsp;the difference of (A)&nbsp;the $2.00 merger consideration per share
and (B)&nbsp;the exercise price per share underlying such stock option;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>signing of mutually satisfactory definitive agreements within 45&nbsp;days from the
date this Letter of Intent is executed and delivered by both Parties;</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>no default, event of default or acceleration event on any of the Company&#146;s
indebtedness will have occurred between the date this Letter of Intent is executed
and delivered by both Parties and the closing of the proposed transaction,
including as a result of the closing (regardless of whether the date of reporting
such event has occurred);</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>during the period between the date this Letter of Intent is executed and
delivered by both Parties and the earlier of termination of this Letter of Intent
and the execution of definitive documents, the Company is to be managed and
operated in the ordinary course of business through the closing, including the
absence of the acquisition of any operating business or the issuance of any capital
stock of the Company, including in connection with the repayment or prepayment of
any indebtedness of the Company or its subsidiaries (other than in connection with
the exercise of any currently outstanding warrants or compensatory stock options);
and</TD>
</TR>

<TR style="font-size: 8pt">
    <TD>&nbsp;</TD>
</TR> <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="8%" style="background: transparent">&nbsp;</TD>
    <TD width="3%" nowrap align="left"><B>&#149;</B></TD>
    <TD width="1%">&nbsp;</TD>
    <TD>necessary governmental approvals, consents and clearances.</TD>
</TR>

</TABLE>
</DIV>
<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 2 of 6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV style="margin-top: 10pt"><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 10pt">June&nbsp;15, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Exclusivity</B>. Upon the execution and delivery of this Letter of Intent by the Company, MML
will be granted an exclusivity period expiring on the earlier of the execution of a definitive
agreement or 45&nbsp;days after the Company executes this Letter of Intent (the &#147;Exclusivity Period&#148;) in
which to complete its confirmatory due diligence and execute definitive documentation with the
Company. During the Exclusivity Period, the Company will not, and it will cause its subsidiaries
and the respective representatives and agents of the Company and its subsidiaries not to contact,
negotiate or discuss with, or solicit any offer from, and third party for the sale of the Company
or any of its subsidiaries, its capital stock or any material portion of its assets (by merger,
sale of capital stock or assets or otherwise). In addition, the Company will, and will cause its
subsidiaries and the respective representatives and agents of the Company and its subsidiaries to
cease any pending negotiations or discussions for the sale of the Company or any of its
subsidiaries, its capital stock or any material portion of its assets.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">Once definitive documents are signed, such documents will provide the Company up to 45&nbsp;days
thereafter (the &#147;Go Shop Period&#148;) to solicit third party acquisition proposals that are more
favorable, from a financial point of view, than the proposal contained in this Letter of Intent (a
&#147;superior proposal&#148;). If during this Go Shop Period, the Company&#146;s board of directors concludes,
in good faith and consistent with its fiduciary duties, that such third party acquisition proposal
constitutes a superior proposal, the Company may terminate the definitive acquisition agreement
with Acquisition Co. and Merger Sub, subject to the contemporaneous payment of a break up fee to
Acquisition Co. equal to 1.5% of implied enterprise value plus reimbursement of all out-of-pocket
transaction-related expenses. Acquisition Co. will also be provided a &#147;match right&#148; to revise its
offer so as to render the third party acquisition proposal no longer a superior proposal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt">In addition, following the Go Shop Period and until the receipt of the required Company shareholder
vote for the transaction with Acquisition Co. (the &#147;Extended Unsolicited Offer Period&#148;), the
Company, its subsidiaries and their respective representatives and agents may no longer solicit
offers, but may furnish information or enter into negotiations or discussions with respect to any
<I>unsolicited </I>third party acquisition proposal that the Company&#146;s board of directors determines in
good faith is reasonably expected to lead to a superior proposal and which action is required by
its fiduciary duties to its stockholders. If during the Extended Unsolicited Period, the Company&#146;s
board of directors determines that such third party acquisition proposal constitutes a superior
proposal, the Company may terminate the definitive acquisition agreement with Acquisition Co. and
Merger Sub, subject to the contemporaneous payment of a break up fee to Acquisition Co. equal to
3.5% of implied enterprise value plus reimbursement of all out-of-pocket transaction-related
expenses. Acquisition Co. will also be provided a &#147;match right&#148; to revise its offer so as to
render the third party acquisition proposal no longer a superior proposal.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Inspection; Confidentiality</B>. MML and its officers, employees and agents will have the right
upon reasonable prior notice and during normal business hours to inspect Argyle&#146;s books and records
of accounts, and to consult with its officers, <I>provided </I>that any such inspection or consultation
shall be conducted in a manner that does not unreasonably disrupt the operations of the Company&#146;s
business, and <I>provided, further, </I>that (a)&nbsp;no contact with Argyle&#146;s employees, agents, suppliers,
customers or contract counterparties shall be made without the prior written consent of the
Company, and MML and Argyle shall coordinate such contacts in a manner such that all such contacts
shall be made jointly with a representative of the Company, if the Company so desires and (b)&nbsp;no
access or information shall be required to be provided if such access or disclosure would violate a
confidentiality obligation to which the Company is subject or would waive the Company&#146;s
attorney-client privilege as to any material matter. Except as required by applicable law, MML
will, and it will cause all of its representatives to keep all information disclosed to them
pursuant to this paragraph in confidence and not disclose such information until such information
becomes public through no fault of MML or its representatives.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 3 of 6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt">June&nbsp;15, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Brokers</B>. Neither MML, Argyle nor any of their respective representatives, has employed any
broker, agent, or finder, or incurred any liability for any brokerage fees, agents&#146; fees,
commissions, or finders&#146; fees in connection with this Letter of Intent, provided that, Argyle (or
any special committee of its board of directors) will be permitted to engage a single financial
advisor in connection with its consideration of the transactions contemplated by this Letter of
Intent and to deliver a fairness opinion with respect thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Standstill</B>. MML agrees that from the date of execution of this letter until the earlier of
termination of this Letter of Intent, termination of the definitive agreement relating to the
transactions contemplated hereby or the closing of the transactions contemplated hereby (the
&#147;Standstill Period&#148;), except with respect to the transaction contemplated by this Letter of Intent
or the related definitive agreement or as specifically invited by the Company board of directors,
it shall not, nor shall MML permit any of its affiliates (as such term is defined in the Securities
Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;)) to, agree, or advise, assist, encourage,
provide information or provide financing to others, individually or collectively, directly or
indirectly: (1)&nbsp;effect or seek, offer or propose (whether publicly or otherwise) or otherwise
participate in (A)&nbsp;any acquisition of any voting securities (or beneficial ownership thereof) or
rights or options to acquire any voting securities (or beneficial ownership thereof) or assets, or
businesses of the Company or any of its subsidiaries (other than with respect to the conversion of
securities of the Company owned by MML or its affiliates as of the date of this Letter of Intent),
(B)&nbsp;any tender or exchange offer or merger or other business combination involving the Company or
any of its &#147;significant subsidiaries&#148; (as such term is defined under Regulation&nbsp;S-X promulgated
under the Exchange Act), or assets of the Company or its subsidiaries constituting 15% or more of
the consolidated assets of the Company and its subsidiaries, or (C)&nbsp;any recapitalization,
restructuring, liquidation, dissolution or other extraordinary transaction with respect to the
Company or any of its significant subsidiaries, (2)&nbsp;make, or become a participant in, any
&#147;solicitation&#148; of &#147;proxies&#148; (as such terms are defined in Regulation&nbsp;14A promulgated by the
Securities and Exchange Commission) or consent to vote any voting securities of the Company or any
of its subsidiaries, or otherwise advise any person with respect to the voting of any voting
securities of the Company or any of its subsidiaries, (3)&nbsp;with the exception of the effect of any
voting and support agreements with executive management and directors, form, join, become a member
or in any way participate in a &#147;group&#148; (within the meaning of Rule&nbsp;13d-5 under the Exchange Act)
with respect to the voting securities of the Company or any of its significant subsidiaries, (4)
otherwise act, alone or in concert with others, to seek to control or influence the board of
directors of the Company or its significant subsidiaries, or (5)&nbsp;advise, assist, arrange, or
otherwise enter into any discussions or arrangements with any third party with respect to any of
the foregoing prohibited conduct. MML also agrees during such period not to request the Company
(or any of its directors, officers, employees or other representatives), directly or indirectly, to
amend or waive any provision of this Paragraph (including this sentence).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Governing Law. </B>This Letter of Intent and the definitive agreement as well as all other
agreements contemplated hereby and thereby shall, to the fullest extent permitted under applicable
law, be governed by and interpreted under and in accordance with the laws of the State of Texas and
the United States applicable in Texas (other than with respect to matters governed by the Delaware
General Corporation Law (&#147;DGCL&#148;), to which the DGCL shall apply).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Counterparts. </B>This Letter of Intent may be executed in any number of counterparts, and each
such counterpart hereof shall be deemed to be an original instrument, but all such counterparts
together shall constitute but one agreement. Delivery of a copy of this Letter of Intent bearing
an original signature by facsimile transmission or by electronic mail in &#147;portable document format&#148;
form shall have the same effect as physical delivery of the paper document bearing the original
signature.
</DIV>
<P align="center" style="font-size: 10pt; text-indent: 4%">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 4 of 6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<DIV align="right" style="font-size: 10pt; margin-top: 10pt">June&nbsp;15, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%"><B>Termination; Binding Provisions. </B>This Letter of Intent shall terminate 45&nbsp;days from its
execution by the Company. Once so executed, this Letter of Intent may be extended or terminated at
any time by mutual agreement of its parties. Except for the provisions under the heading
&#147;Exclusivity,&#148; &#147;Inspection; Confidentiality,&#148; &#147;Brokers,&#148; &#147;Standstill,&#148; &#147;Governing Law,&#148;
&#147;Counterparts&#148; and &#147;Termination; Binding Provisions&#148; which are binding, the terms of this letter
are non-binding and no agreement, arrangement or undertaking between the parties shall be created
until such time as definitive transaction documents have been executed and delivered by the parties
and all other appropriate persons, and the definitive transaction documents have been approved by
the Company&#146;s board of directors.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 10pt">&#091;<B>Signature Page Follows</B>&#093;
</DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 5 of 6<!-- /Folio -->
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">



<DIV align="right" style="font-size: 10pt; margin-top: 10pt">June&nbsp;15, 2009
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt; text-indent: 4%">If the foregoing correctly sets forth our declaration of the parties&#146; intent to proceed in a
transaction and the preparation of definitive documents on a basis consistent with this Letter of
Intent, please so indicate by signing this Letter of Intent in the space provided below and
returning a copy to the undersigned.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Very truly yours,<BR>
<BR>
MML Capital Partners LLC<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Robert M. Davies
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>Name:</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left">Robert M. Davies&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>Title:</TD>
    <TD valign="top">&nbsp;</TD>
    <TD align="left">Managing Director&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="4%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD colspan="3" valign="top" align="left">Agreed to and accepted by:</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD colspan="3" valign="top" align="left">Argyle Security, Inc.</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">By:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ Bob Marbut
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Name:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Bob Marbut</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 1px">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Title:
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Executive Officer</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body --></TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 10pt">Date: June&nbsp;15, 2009
</DIV>



<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt"><!-- Folio -->Page 6 of 6<!-- /Folio -->
</DIV>




</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>c86831exv99w2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
<TITLE>Exhibit 99.2</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">
<P align="RIGHT" style="font-size: 10pt"><B>Exhibit 99.2</b>

<P align="left" style="font-size: 10pt"><B>Argyle Security, Inc. Announces Entry into Non-Binding Letter of Intent with MML Capital for MML to Purchase
Outstanding Common Stock and Units of Argyle and Take Argyle Private</B>


<P align="left" style="font-size: 10pt">SAN ANTONIO, June&nbsp;16, 2009 &#151; Argyle Security, Inc., (OTC Bulletin Board: ARGL), (&#147;Argyle&#148;) a service and solutions
provider in the physical electronic security industry, announced today that it has entered into a non-binding letter of
intent with MML Capital Partners in its
capacity as advisor to, and on behalf of, Mezzanine Management
Fund IV &#147;A&#148; L.P. and Mezzanine Management Fund Coinvest A
L.P. (collectively &#147;MML&#148;) to merge Argyle into a privately-held company controlled by MML with current
stockholders and unit holders receiving $2.00 per share and per unit, respectively.


<P align="left" style="font-size: 10pt">The price of $2.00 per share represents a premium to Argyle&#146;s closing price of $0.71 per share on May&nbsp;19, 2009, the
last trading day prior to the communication of MML&#146;s initial offer to the Board of Directors.


<P align="left" style="font-size: 10pt"><I>Terms and Conditions of Proposed Transaction</I>


<P align="left" style="font-size: 10pt">The non-binding letter of intent contemplates that an entity controlled by MML (the &#147;Acquiring Company&#148;) would merge
its wholly-owned subsidiary into Argyle, resulting in Argyle becoming a wholly-owned subsidiary of the Acquiring
Company. As contemplated by the non-binding letter of intent, each outstanding share of common stock of the Company
and the shares of common stock underlying each unit of the Company, other than the securities owned by MML, a portion
of securities owned by certain members of the Company&#146;s
management and potentially certain creditors and by any stockholders who properly exercise
dissenters&#146; rights under Delaware law, would be cancelled and converted into the right to receive $2.00 in cash,
without interest.


<P align="left" style="font-size: 10pt">MML has been granted an exclusivity period expiring on the earlier of the execution of a definitive agreement or 45&nbsp;days
after June&nbsp;15, 2009 in which to complete its confirmatory due diligence and execute definitive documentation with
Argyle. In addition, during the exclusivity period, MML will be subject to a standstill provision whereby it will be
prohibited from trading in Argyle&#146;s securities or otherwise engaging in any activity that would enable it to control
Argyle.


<P align="left" style="font-size: 10pt">As presently contemplated, a portion of the shares of common stock and units owned by certain members of Argyle&#146;s
management and certain of their family members and affiliates may not receive the cash merger consideration, but may
instead be exchanged for equity ownership in a new, privately-held company.


<P align="left" style="font-size: 10pt"><I>About Argyle Security, Inc.</I>


<P align="left" style="font-size: 10pt">Formed in 2005 and headquartered in San Antonio, TX, Argyle is a provider of services and solutions in the physical
electronic security industry. In July&nbsp;2007, Argyle acquired ISI Security Group, Inc. In February&nbsp;2008, Argyle created
Argyle Security USA, which encompasses ISI Security Group&#146;s operations in both the corrections and commercial sectors,
also including the assets and operations acquired as a result of the PDI, Com-Tec and Fire Quest acquisitions during
2008. Argyle&#146;s channel focus is Video Surveillance, Access Control, Perimeter Protection, Intrusion Protection, Fire
Detection and Threat Analysis, serving selected commercial, governmental and residential markets. Argyle currently has
two reporting segments: &#147;Argyle Corrections&#148; and &#147;Argyle Commercial Security&#148;.

<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">1
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif; margin-left: .25in; width: 7.20in">

<P align="left" style="font-size: 10pt">Argyle Corrections is the controlling entity for business units consisting of ISI, PDI, Com-Tec and MCS and is one of
the nation&#146;s largest providers of detention equipment products and service solutions, as well as turnkey, electronic
security systems. These systems include unique engineering competencies and proprietary software products. Currently,
MCS-Commercial Fire &#038; Security is the only business unit comprising Argyle Commercial Security. Argyle Commercial
Security focuses on the commercial security sector and provides turnkey, electronic security systems to the commercial
market.


<P align="left" style="font-size: 10pt">Please visit <U>http://www.argylesecurity.com</U> for additional information on Argyle.


<P align="left" style="font-size: 10pt"><I>Safe Harbor</I>


<P align="left" style="font-size: 10pt">Certain statements in this press release constitute forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. When used in this press release, words such as &#147;will,&#148; &#147;believe,&#148;
&#147;expect,&#148; &#147;anticipate,&#148; &#147;encouraged,&#148; &#147;foresees,&#148; &#147;forecasts,&#148; &#147;estimates&#148; and similar expressions, as they relate to
the company or its management, as well as assumptions made by and information currently available to the company&#146;s
management identify forward-looking statements. The forward-looking statements are subject to risks and uncertainties,
including the possibility that the proposed transaction could be withdrawn, rejected, or unable to be consummated
because of various contingencies, including, but not limited to, the outcome of any legal proceedings that may be
instituted against the Company and/or others relating to the proposed transaction, the effect of the announcement on
the Company&#146;s customer relationships, operating results and business generally, the risk that the proposed transaction
disrupts current plans and operations and the potential difficulties in employee relations as a result of the
transaction, the inability to satisfy any material conditions to consummation of the proposed transaction, downturns in
economic conditions generally, the Company&#146;s business or the state of the corporate credit markets, and the impact of
the substantial indebtedness expected to be incurred to accomplish the proposed transaction. Consider these factors
carefully in evaluating the forward-looking statements. The risk factors listed in the Company&#146;s Form 10-K for the year
ended December&nbsp;31, 2008 and subsequently filed Forms 10-Q and 8-K also provide examples of risks, uncertainties and
events that could cause actual results to differ materially from those contained in forward-looking statements. The
forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no
obligation to publicly update such forward-looking statements and is not responsible for changes made to this press
release for Internet or wire services.


<P align="left" style="font-size: 10pt"><I>This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares
of Argyle Security, Inc., and it is not a substitute for any proxy statement or other filings that may be made with the
Securities and Exchange Commission (&#147;SEC&#148;) should this proposed transaction go forward. If such documents are filed
with the SEC, investors will be urged to thoroughly review and consider them because they will contain important
information, including risk factors. Any such documents, once filed, will be available free of charge at the SEC&#146;s
website (www.sec.gov) and from Argyle Security, Inc.</I>


<P align="center" style="font-size: 10pt">&nbsp;

<P align="center" style="font-size: 10pt; display: none">2




</DIV>
</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
