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SecureAlert continues expansion strategy with acquisition of Emerge Monitoring

By News

Second acquisition this year enhances SecureAlert technology portfolio with advanced R.A.D.A.R. real-time alcohol detection and recognition system

SANDY, UTAH (June 3, 2014) – SecureAlert (SCRA: OTC-US), a global tracking and electronic monitoring services company, announced that it has completed its acquisition of Emerge Monitoring, Inc. from BFC Surety Group, a subsidiary of privately-held Bankers Financial Corporation, for $7.36 million in cash. Founded in 2009, Emerge provides proprietary offender monitoring technologies and related solutions to empower the criminal justice community with proven alternatives to incarceration.

Further details regarding the Emerge Monitoring acquisition are contained in a Current Report on Form 8-K, filed by SecureAlert with the US Securities and Exchange Commission on June 3, 2014.

“Emerge marks the second major acquisition this year in SecureAlert’s plan to establish international market leadership by aggregating the best electronic monitoring technologies, manufacturing resources, R&D capabilities and executive talent,” said SecureAlert Chairman Guy Dubois. “Our acquisition of GPS Global and now Emerge Monitoring are important milestones in our expansion strategy, which will establish SecureAlert as an industry leader uniquely able to create new value for both our stakeholders and the communities we serve.”

Based in the Chicago suburb of Naperville, Illinois, Emerge is nationally recognized for its unique and patented R.A.D.A.R. – which stands for Real-Time Alcohol Detection and Recognition – system, a small hand-held device that combines GPS and biometric technology to instantaneously confirm both who is holding the device and whether that person has been consuming alcohol. Unlike competitors’ machines that are placed in a person’s home or are worn on the body and provide only delayed results, R.A.D.A.R. sends a vibrating signal requiring the offender to submit a breath test at that particular moment, anywhere in the world. Results are communicated to corrections officers in real-time and with actionable information.

Emerge’s Derek Cassell, Executive Vice President, and Jim Walker, Vice President of Sales, bring to SecureAlert a combined 40 years of industry experience in electronic monitoring, corrections and criminal justice. Cassell and Walker will spearhead post-merger integration of product and service lines. Emerge currently has 35 full-time employees, with a regional office in Indianapolis.

“Joining together shifts Emerge’s expansion into overdrive,” said Cassell. “As SecureAlert, we now have research and development capabilities, manufacturing infrastructure, international access and most importantly an experienced team that is fully committed to achieving market leadership through growth.”

“The fusing together of SecureAlert, GPS Global and now Emerge is going to have a significant impact on shaping the direction of the electronic monitoring industry,” Walker added. “The innovations and technologies offered by these companies are head and shoulder above any others.”

In March, the company acquired Israel-based GPS Global Tracking & Surveillance, Ltd., which in addition to expanding SecureAlert’s multi-national customer base established a significant R&D presence in a nation well-known for its many entrepreneurial innovations in technology, electronics and security systems.

About SecureAlert

SecureAlert provides offender electronic monitoring solutions that combine sophisticated tracking technologies with around-the-clock monitoring and intervention capabilities. The company’s patented offender monitoring technology with its many unique features integrates GPS, radio frequency (RF) and three-way interactive voice communications to create a single solution that can be deployed effectively and cost-efficiently almost anywhere in the world.

The company’s electronic monitoring solutions meet the complex needs of law enforcement, corrections and rehabilitation organizations in support of any juvenile or adult defendant, offender or parolee program – offering each an accountable way to avoid incarceration while providing greater public safety for less cost than imprisonment or work-release supervision alternatives. SecureAlert’s steadily expanding prominence as emerging industry leader is underscored by the company’s recent acquisition of Israel-based GPS Global (www.gpsglobal.com).

SecureAlert company headquarters are located at 150 West Civic Center Drive, Suite 400, Sandy, Utah 84070. To learn more, please call (801) 451-6141 or send an email to info@trackgroup.com. Visit SecureAlert online at www.securealert.com.

Safe Harbor Statement

This press release from SecureAlert (Company) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including future growth and earnings opportunities of the Company. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including the Company’s ability to promptly satisfy orders and other economic, competitive, governmental, technological, regulatory, manufacturing and marketing risks associated with the Company’s business and financial plans. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the Company’s most recent filings with the Securities and Exchange Commission.

SecureAlert names John Merrill as new Chief Financial Executive

By News
R.A.D.A.R. Emerge Monitoring

The Real-Time Alcohol Detection and Recognition (R.A.D.A.R.) system unit instantly confirms to corrections officers both who is holding the device and if that person has consumed alcohol. SecureAlert adds R.A.D.A.R. to its line of industry-best electronic monitoring solutions with the acquisition of Emerge Monitoring.

SANDY, UTAH (April 24, 2014) – SecureAlert (SCRA: OTC-US), a global tracking and electronic monitoring services company, announced that veteran corporate executive John Merrill will join the company as its new Chief Financial Officer, replacing Chad Olsen who has announced his resignation in order to pursue other interests.

“During his 13 years with the company, Chad played an integral role in helping SecureAlert become a leader in the increasingly competitive international market for electronic monitoring technology and services,” said SecureAlert Director and Chairman of its Compensation Committee, Dan Mabey. “We expect him to play an equally vital role in his next venture, and thank Chad for ensuring a successful transition of the company’s CFO responsibilities to Mr. Merrill.”

Reporting to Guy Dubois, SecureAlert’s Chairman, Mr. Merrill will oversee all aspects of SecureAlert’s financial reporting, compliance, regulatory and treasurer function for SecureAlert and its subsidiaries. Concurrently, he will also assume the role of SecureAlert Principal Accounting Officer and Treasurer.

In addition to his position at SecureAlert, Mr. Merrill also serves as Chief Financial Officer for TenXNetworks and IPVidTech.com, a network intelligence provider of both hardware and services. From 2010 to 2013, Mr. Merrill worked as an advisor in the healthcare technology industry facilitating both due diligence and integration of certain acquired companies. Prior to 2010, Mr. Merrill was the Chief Financial Officer of Park City Group, Inc. (Nasdaq: PCYG) and Prescient Applied Intelligence, Inc. (OTC: PPID), software-as-a-service providers of supply chain solutions for both retailers and their suppliers. Throughout his career, Mr. Merrill has held various financial roles within the broadcasting, sports marketing and retail industries. He began his career with KPMG and holds a Bachelors and a Master’s in Accounting from the University of South Florida.

“As evidenced by our recent acquisition of Israel-based GPS Global, SecureAlert is poised for continued expansion in the global electronic monitoring marketplace,” said Mr. Dubois. “Having Mr. Merrill join our senior executive management team will give SecureAlert the benefit of his insights and skills, earned from his significant experience across many technology platforms and markets.”

About SecureAlert

SecureAlert markets and deploys offender monitoring solutions that combine tracking technologies with fulltime 24/7/365 monitoring and intervention capabilities. The company delivers patented offender monitoring technology that effectively integrates GPS, Radio Frequency (RF) and three-way interactive voice communications in a single, globally-deployable solution with features that are unique in the industry. SecureAlert empowers professionals in law enforcement, corrections and rehabilitation organizations with monitoring programs for juvenile and adult defendants and offenders. These programs offer convicted offenders and pre-trial defendants an accountable opportunity to be free from incarceration while providing greater public safety at lower costs than imprisonment or more labor-intensive supervision alternatives. The company is based at 150 West Civic Center Drive, Suite 400, Sandy, Utah 84070. To learn more, please call (801) 451-6141, or send an email to info@trackgrp.com. Visit SecureAlert online at www.trackgrp.com.

Safe Harbor Statement

This press release from SecureAlert (Company) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including future growth and earnings opportunities of the Company. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including the Company’s ability to promptly satisfy orders and other economic, competitive, governmental, technological, regulatory, manufacturing and marketing risks associated with the Company’s business and financial plans. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the Company’s most recent filings with the Securities and Exchange Commission.

Download Press Release

SEC 8-K filing (June 3, 2014)

 

SecureAlert continues expansion with acquisition of Israel-based GPS Global Tracking & Surveillance System Ltd.

By News

SANDY, Utah (March 18, 2014) – SecureAlert (SCRA: OTC-US), a global tracking and electronic monitoring services company, announced today that it has agreed to acquire GPS Global Tracking & Surveillance System Ltd. (GPS Global), a privately-held technology research, development and services company based in Kfar Saba, Israel, a suburb of Tel Aviv. GPS Global brings to SecureAlert a suite of innovative technology solutions and services for locating, tracking, tracing, monitoring and surveillance of offenders, vehicles, facilities and human resources. In addition to expanding its global presence, SecureAlert gains a significant R&D presence in a nation well-known for its many entrepreneurial innovations in technology, electronics and security systems.

Closing of the acquisition is expected on or about April 1, 2014, subject to conditions, representations and warranties customary in transactions of this type. Further details regarding the GPS Global acquisition are contained in a Current Report on Form 8-K, filed by SecureAlert with the US Securities and Exchange Commission on March 18, 2014.

Founded in 2007, GPS Global’s advanced technology and software are the foundation for some of the most efficient and precise location, tracking, monitoring and surveillance technology solutions offered in the fast-growing worldwide monitoring industry. SecureAlert plans to capitalize on GPS Global’s success and the country’s considerable R&D resources by locating development of its next-generation product in Israel.

“We evaluated many successful companies as acquisition candidates to launch our expansion strategy, which in turn will accelerate SecureAlert’s progress toward establishing a strong leadership position in the evolving electronic monitoring industry,” said SecureAlert Chairman Guy Dubois. “GPS Global brings considerable and immediate value to SecureAlert by virtue of its seasoned management team, Israel-based R&D capabilities and extensive business connections across many international markets.”

GPS Global’s owner and Chairman Eli Sabag served as an officer in an elite Israeli Defense Forces unit, and has many years of experience in providing premium security and investigation services to corporate, institutional and private clients around the world. Mr. Sabag will spearhead SecureAlert’s business development in Europe, Asia and other markets outside the Americas. He will also lead consolidation of SecureAlert’s R&D efforts at its Israel facilities.

“We are excited for GPS Global to become a part of SecureAlert, and to use our combined talents and resources to propel the world’s most innovative electronic monitoring technologies into expansive new markets,” said Mr. Sabag. “Together we expect to develop and introduce a new generation of cost-efficient, high-end solutions to meet the needs of thousands of government agencies and businesses of all sizes.”

About SecureAlert

SecureAlert markets and deploys offender monitoring solutions that combine tracking technologies with 24/7/365 monitoring and intervention capabilities. The company delivers patented offender monitoring technology that effectively integrates GPS, Radio Frequency (RF) and three-way interactive voice communications in a single, globally-deployable solution with features unique in the industry. SecureAlert empowers professionals in law enforcement, corrections and rehabilitation organizations with monitoring programs for juvenile and adult defendants and offenders. These programs offer convicted offenders and pre-trial defendants an accountable opportunity to be free from incarceration while providing greater public safety at lower costs than imprisonment or more labor-intensive supervision alternatives. The company is based at 150 West Civic Center Drive, Suite 400, Sandy, Utah 84070. To learn more, please call (801) 451-6141, or send an email to info@trackgrp.com. Visit SecureAlert online at www.trackgrp.com.

Safe Harbor Statement

This press release from SecureAlert (Company) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including future growth and earnings opportunities of the Company. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including the Company’s ability to promptly satisfy orders and other economic, competitive, governmental, technological, regulatory, manufacturing and marketing risks associated with the Company’s business and financial plans. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the Company’s most recent filings with the Securities and Exchange Commission.

SecureAlert investments highlight successful first quarter

By News

SANDY, UTAH (February 18, 2014) – SecureAlert (SCRA: OTC-US), a global tracking and electronic monitoring services company, announced that customer growth and financial performance milestones reached in the first fiscal year quarter since its successful restructuring underscore the company’s steady progress toward full recovery and its continued emergence as industry leader.

Among its accomplishments during Q1 of 2014, SecureAlert successfully reduced the amount of cash used for operations by almost $0.5 million, despite having made substantial investments in new assets and increased spending in research and development and SG&A. These investments included build-out of a new monitoring center and other start-up requirements to facilitate services related to SecureAlert’s new contract with the government of Chile. The company also introduced two new products in Q1, in addition to preparing for the upgrade of its domestic customer base to a more efficient, reliable 3G wireless telecommunications network.

SecureAlert also reported a continuation of sustained volume growth in its domestic market, which more than offset year-over-year lower average pricing resulting in better revenue and gross profit margins for the period.

“Fueled by new financing, new customers and an improved operating environment, SecureAlert is well on its way to being recognized as the industry leader that investors envisioned and that the fragmented electronic monitoring market desperately needs,” said Chairman Guy Dubois. “We continue to aggressively explore every opportunity for acquisition and to increase market position through integrated allocation of our expanding research and development resources.”

A detailed discussion of its first quarter results is included in SecureAlert’s 10-Q filed with the Securities and Exchange Commission on February 14, 2014. A copy of this report is available at www.trackgrp.com.

About SecureAlert

SecureAlert markets and deploys offender monitoring solutions that combine tracking technologies with full-time 24/7/365 monitoring and intervention capabilities. The company delivers patented offender monitoring technology that effectively integrates GPS, Radio Frequency (RF) and three-way interactive voice communications in a single, globally-deployable solution with features that are unique in the industry. SecureAlert empowers professionals in law enforcement, corrections and rehabilitation organizations with monitoring programs for juvenile and adult defendants and offenders. These programs offer convicted offenders and pre-trial defendants an accountable opportunity to be free from incarceration while providing greater public safety at lower costs than imprisonment or more labor-intensive supervision alternatives. The company is based at 150 West Civic Center Drive, Suite 400, Sandy, Utah 84070. To learn more, please call (801) 451-6141, or send an email to info@trackgrp.com. Visit SecureAlert online at www.securealert.com.

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