SANDY, UT -- (Marketwire) -- 03/23/11 -- SecureAlert, Inc. (OTCBB: SCRA), an international provider of patented, wireless electronic monitoring systems and services to public safety agencies, announces that it achieved record level new agency and distributor account signings during the fiscal quarter ending March 31, 2011. The company expects that these new agreements will produce approximately $5,300,000 in revenue over the next 12 months, and more than $8,500,000 in the aggregate over the life of the agreements. These new contracts are in addition to the company's current run rate in excess of $14,000,000 in annualized revenues.
John L Hastings, III, President and Chief Operating Officer of the company, noted, "Between January 1 and March 18, 2011, SecureAlert, its subsidiaries and its distributors signed 52 new business contracts and government agency agreements. Some notable new accounts and paid pilot programs include Hennepin County, MN, Hattiesburg, MS, Lee County, FL, Wayne County, MI (in conjunction with our distributor Michigan Tether), and the Federal Government of Mexico."
SecureAlert also expects to close additional arrangements and contracts over the next 90 - 180 days, including agreements with new distribution partners and international agencies. Said Hastings, "New distributors and federal governments have been particularly interested in SecureAlert's device reliability, as well as our high risk offender solutions that include our patented 2 and 3 way voice communications and SecureCuff™ technologies."
"We are very encouraged by the significant increase in new account signings and the continued growth and development of our global sales pipeline," said Hastings. "Our products and services' differentiation are being well received both domestically and internationally, as we continue to deliver reliable intervention solutions to a variety of worldwide agencies with diverse offender needs and applications."
Mr. Hastings concluded, "We will continue to focus our energies and efforts in delivering profitable revenue growth, while supporting customer-specific public safety initiatives through the innovation and deployment of our best-in-class, intervention and real-time monitoring technologies and services."
About SecureAlert
SecureAlert is a leading international provider of reliable electronic monitoring solutions, case management and services widely utilized by law enforcement agencies worldwide. SecureAlert offers real-time intervention services and innovative technologies to observe and track offenders wherever they may be: In their car, home or office. The Company delivers highly reliable intervention technologies and peace-of-mind through programs which allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act, including future growth and earnings opportunities of the company. Specific examples of forward-looking statements include the statement that the company expects the new contracts to produce more than $5.3 million in revenues over the next 12 months and more than $8.5 million over the life of the agreements. 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 retain and to promptly satisfy current backorders 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.
For more information please contact:
Jeff Peterson
ir@securealert.com
866-451-6141
http://www.securealert.com
