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LOL...not time for IGAI yet...market sucks right now....LOL!
hi burp is it time to buy IGAI at .010 or it s gone ,thanks for your last call but you had to be fast on the button .
Very nice news today! iSECUREtrac Introduces World's Most Advanced GPS Offender Monitoring Device
Patents Pending on Five Revolutionary New Features
CHICAGO, July 24 /PRNewswire-FirstCall/ -- iSECUREtrac(TM) Corp. (OTC Bulletin Board: ISEC), the industry leader in GPS-based offender monitoring solutions and related wireless technologies, introduced its next generation GPS monitoring solution at the American Probation and Parole Association's 31st Annual Training Institute in Chicago.
Since 2001, iSECUREtrac has been insuring public safety and offender compliance with the latest innovations in tracking technology. The company's new iSECUREtrac System 5000(TM) introduces several new and unique features using advanced tamper-resistant and highly-durable components. At the heart of the system is the world's smallest and lightest integrated GPS offender monitoring device, which has been reduced to approximately the size of an Apple iPod(R).
Usually worn on the waist, the monitoring device is electronically tethered to IntelliCuff(TM), the industry's only 'intelligent' locking ankle bracelet. If an offender wearing IntelliCuff nears the range limit of the monitoring device, IntelliCuff receives a signal from the monitoring device that triggers a vibrating alarm. This alarm ensures that the wearer will not accidentally leave the monitoring device at home or in the car.
'From the customer feedback we have received, we realize public safety is the number one priority,' said Ed Sempek, iSECUREtrac's senior vice president of operations, 'and that means we had to help ensure that every individual in the program would fully comply with the terms of their release. Making the system more efficient to implement, as well as lighter and simpler to use, helps achieve that very important purpose.'
There are several ways the System 5000 lightens the workload for law enforcement and corrections officers. For example, system start-up is quicker and more convenient because the System 5000 uses a menu driven application that can be initiated anywhere, paused, and then completed at another time or location. The System 5000 also supports multiple modes of direct offender communication including text, vibration, beeper, and voice -- all of which simplifies and expedites responses to monitored violations. The patent pending IntelliCuff incorporates an easily adjustable one-size-fits feature that saves the agent or officer considerable time when adding individuals to the program.
'Our iSECUREtrac engineering and programming staff did a superlative job delivering an exceptional product,' said Tom Wharton, CEO iSECUREtrac. 'However, the real credit for the design goes to the many men and women who use our products every day in the challenging world of law enforcement and corrections, and who have given us valuable feedback on our products while working to ensure public safety.
'At iSECUREtrac, we listen first and design second. Before we began creating this new system, we talked with hundreds of parole and probation officers, county sheriffs, judges, procurement specialists, service providers and legislators. They told us what they wanted, and they shared their problems and concerns. The primary concern was the risk to public safety from devices that are non-integrated, one piece units, or modified cell phones that can be easily circumvented by those most in need of monitoring.'
In most cases, officers are dealing with individuals on probation, parole, and pre-trial release who do not want their movements watched. They often try to circumvent any surveillance system. Notes Wharton, 'That's why all our GPS field units, including those in the System 5000, are manufactured for unsurpassed durability. And every iSECUREtrac monitoring system utilizes fully integrated, tamper-resistant components. If there is an offender violation, we'll know immediately. That's the only way to ensure the offender remains in compliance with the terms of their release.'
For the corrections market, The System 5000 is a complete and reliable turnkey solution. It can be customized to fit any budget and meet all the mission critical performance criteria necessary to ensure public safety. For more information on the System 5000 or to schedule a live demonstration, please contact your iSECUREtrac representative or call 1-866-537-0022. Or visit www.isecuretrac.com.
About iSECUREtrac
iSECUREtrac Corp. is a technology and information services company providing advanced GPS tracking solutions for the remote tracking and monitoring of individuals, including real time data collection, secure remote reporting, and data warehousing. iSECUREtrac is currently focused in the area of Pretrial, Corrections, Probation and Parole for monitoring offenders in community release programs, such as sex offenders and other persons requiring community supervision. iSECUREtrac's GPS monitoring systems are designed to improve public safety, enhance the management of monitoring information, provide the fastest analysis and response, and reduce the financial cost of incarceration. Further information on iSECUREtrac Corp can be found on the company's Web site at www.isecuretrac.com. iPod (R) is a registered trademark of Apple Computer, Inc.
Safe Harbor
This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to iSECUREtrac Corp. and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, iSECUREtrac's actual results may differ significantly from the results discussed or implied in such forward-looking statements.
SOURCE iSECUREtrac Corp.
Source: PR Newswire (July 24, 2006 - 8:31 AM EDT)
your amazing too late the train just passed ,hope i catch the next one ,i m ready i have my ticket ,would you give me a buzz on the next one? thanks .
Chdt hit .18 today!
i was out for a while i hope i didn t mist that ride ,is .09 still good entry point ? because you got in at .058 the least ,thanks for your answer.
Been in chdt since .058 she's getting ready now at .09
Also watching WTER..hurricane play..holding .16 range ready for next leg up on news...maybe..LOL
Sure, RMDG is a chart play today..currently .0018 x .0019 looks like a bounce for a 30-50%+ gain today...tues...currently in @ .0024
thanks burp,do you have an other one like this one ?
Spin, Its rare I am in a stock for more than a day...ex. picked up rmdg at .0036 at the close yesterday ..and got right out at .0054..
I've been at this longer than most... I meen way back..like car seats...when I had the fraction conversion table chart drilled in my cranium...we used to make $$ just on the spread defore the market went decimals....
I like to make $300-$500 a week..yes I am as greedy as the next guy but...1 in the hand is better than 2 in the bush....
ISEC is going NASDAQ....Have you ever riden a ride from the otcbb to nasdaq?....I've done it more than once....
enough about me ....your picks are respected thankyou! burp!
hey,burp look at MIVT it should be good ,they are in the heart business and they are testing it on humans , bye,
Back in @ 2.20...I just love playing this one for a few grand every few months...burP!
More T.V., CBS news coverage for ISEC, http://www.isecuretrac.com/news.asp
Nice steady climb to the Nasdaq. Looking forward to the next filing.
Good news for sure and I hope there will be plenty more to come. These recurring revenues could be huge in a few years. IIRC Mr. Wharton stated, in the last CC, that their goal for 2006 was to have 5800+(?) units in the field. I don't know what kind of profit margins are involved here but if there is a GROSS profit of $.75 per unit per day that would be a bunch of money at years end (5800x $.75 x 365= $1,587,750.00). I don't know if the $.75 figure is accurate, it may be more or less but if the revenue per unit is from $5 to $12 a day it is probably ballpark.
JMHO
Dennis
HUGE HUGE NEWS! April 11, 2006
iSECUREtrac Corp (OTCBB: ISEC), an industry leader in offender monitoring solutions utilizing global positioning systems (GPS) and wireless technologies, announced today that it has signed a 3-year contract with Mammoth Communications to provide Global Positioning Satellite Electronic Offender Monitoring Services to Canada. This contract is pursuant to the award by the Nova Scotia Justice Department to Mammoth of Canada’s first GPS offender monitoring initiative following in-depth competitive analysis and system testing.
The contract with Mammoth includes the purchase and installation of the first ever state-of-the-art Canadian-based GPS host monitoring system capable of serving the mission critical offender monitoring requirements of every Province. The agreement calls for an initial one-time $275,000 payment to iSECUREtrac, as well as continued recurring fees for service, monitoring unit rentals, and software licensing fees.
The Nova Scotia program will initially target high risk, conditional sentence offenders in Halifax, Dartmouth, Bedford, and Spryfield. The objectives of Community Corrections in Nova Scotia is to employ GPS electronic monitoring technology that will enhance overall public safety, increase offender accountability, and improve staff safety.
“This is the first of what we anticipate will be many more partnering relationships in the development of our international sales channel,” said Tom Wharton, CEO of iSECUREtrac Corp., “and with Mammoth Communications, we will be the first to deliver localized, full-service, GPS electronic monitoring support capabilities to the Canadian marketplace. The installation of a turnkey, web-hosted monitoring solution in Mammoth’s world-class data center facility allows us to deliver a level of service and support to Nova Scotia and other Canadian provinces that is not available from any other electronic monitoring system provider. We believe this win with the Nova Scotia Justice Department represents the tipping point for our world-wide GPS offender monitoring initiatives.”
“The international markets present a fantastic opportunity for iSECUREtrac,” said David Vana, CFO of iSECUREtrac. “International correctional systems are typically far more centralized than what we have here in the United States. As a result, the average program is much larger in size and the per unit transaction cost tends to be significantly lower. Our international business model includes a dedicated local host and the requirement for substantial local support services, insuring a substantial commitment by our distribution channel partners to these programs.”
About Mammoth Communications
Mammoth Communications is a Halifax, Nova Scotia based company that specializes in the security business. Mammoth has built a dealer network that covers all of Canada from Nova Scotia to B.C. Mammoth, which has a twenty-five year history in the security industry in Canada, monitors alarm, medical and GPS systems. Mammoth has 134 authorized dealers in Canada.
About iSECUREtrac
iSECUREtrac Corp is a technology and information services company providing advanced GPS tracking solutions for the remote tracking and monitoring of individuals, including real time data collection, secure remote reporting, and data warehousing. iSECUREtrac is currently focused in the area of Law Enforcement, Corrections, and Homeland Security for monitoring offenders in community release programs, such as sex offenders and other persons requiring community supervision. iSECUREtrac's GPS monitoring systems are designed to improve public safety, enhance the management of monitoring information, provide the fastest analysis and response, and reduce the financial cost of incarceration. Further information on iSECUREtrac Corp can be found on the company's website at www.isecuretrac.com.
Safe Harbor
More contract news...Tuesday , April 11, 2006 09:29 ET
iSECUREtrac(TM) Corp. (ISEC) announced that it has signed a 3-year contract with Mammoth Communications to provide Global Positioning Satellite Electronic Offender Monitoring Services to Canada. This contract is pursuant to the award by the Nova Scotia Justice Department to Mammoth of Canada's first major GPS offender monitoring initiative following a long period of intense competitive analysis and system testing.
The contract with Mammoth includes the purchase and installation of the first ever state-of-the-art Canadian-based GPS host monitoring system capable of serving the mission critical offender monitoring requirements of every Province. The agreement calls for an initial one-time $275,000 payment to iSECUREtrac, as well as continued recurring fees for service, monitoring unit rentals, and software licensing fees.
Last 2.90 new 52 week high, blue skies if we get thru the resistance here!
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As of June 30, 2006, there were well over 2 million prisoners held in Federal or State prisons or local jails, an increase of 4% from the previous year. According to the Urban Institute, some US counties have as much as 30% of its population confined to prison.
Many prison facilities have been operating at or over 100% capacity for years. Additionally, citizens have largely rejected new taxes required to upgrade the system, but have simultaneously pushed for longer sentencing terms for offenders. This has left criminal justice professionals scrambling to make ends meet. The following are some of the consequences:
When probation, parole and early release are added to the number of current inmates, the number of individuals under correctional supervision soars to over 7 million. This figure equates to over 2% of the total US adult population or 1 in every 40 adults.
iSECUREtrac monitoring systems offer an effective alternative to incarceration. Rather than limiting the choice to incarceration or freedom, correction officials now have a viable alternative, community supervision supplemented with electronic monitoring.
Individuals enrolled in an electronic monitoring program can be "supervised" 24/7/365 by an automated system that notifies officers when a compliance violation occurs. Depending on the type of monitoring (active or passive GPS, or house arrest), violation notifications can be sent to agency personnel in real time or on a delayed basis.
Community supervision with electronic monitoring can free up prison beds for those offenders truly requiring incarceration, allowing officers to prioritize use of labor and supervision. Electronic monitoring can also be used as an incentive tool by moving from more intensive supervision (active GPS) to less intensive supervision (house arrest) in response to positive and compliant behavior. Outside of prison walls, monitored participants can support their families by earning wages, regularly attend rehabilitation sessions away from the corruptive influences of other inmates, and learn good habits by complying with curfews, daily schedules, and routines.
In summary, implementation of an iSECUREtrac electronic monitoring program can help:
For more information or to request an on-site demo of iSECUREtrac systems, services and software, email or call toll-free at 866.537.0022.
There are a variety of studies regarding the efficacy of electronic monitoring as a supplement to community supervision. Many claim that electronic monitoring increases compliance, reduces recidivism and speeds community re-entry. Others maintain that results are inclusive. What is undeniable, however, is that electronic monitoring provides a supervising officer with more reliable and independent information regarding an individual's compliance than traditional supervision alone.
And, sometimes a little more information is all you need to make a big difference.
Officers using electronic monitoring do not have to rely upon the word of their clients regarding their attendance at counseling sessions and job training or their avoidance of alcohol, a spouse's residence, an elementary school or playground.
There's also the economic argument: electronic monitoring and community supervision is much less costly than incarceration. For low risk offenders and juveniles, in particular, electronic supervision within the community is certainly less expensive and likely to be more effective than incarceration with its attendant exposure to more hardened criminals and predators.
But, the savings go far beyond the cost of incarceration: there's lost child support and family income, increased welfare and public assistance support. And, few would argue that many individuals leave jails with a greater criminal tendency than when they went in.
The first champion of electronic monitoring was Judge Jack Love of Albuquerque, New Mexico who was inspired by an episode in a Spiderman comic book.
Spiderman had been tagged with a device that allowed a villain to track his every move. The judge persuaded a computer salesman to develop a similar device. In 1983, Judge Love sentenced the first offender to house arrest with electronic monitoring.
Today, electronic monitoring is used in virtually every state. But despite advances in technology and the type of systems available, it's important to remember that electronic monitoring is just a tool. It's not a program. As a tool, it can be used to independently verify dysfunctional or non-compliant behavior. In those instances, it can also be used as a sanction. For example, moving from less intensive to more intensive monitoring in response to repeated non-compliance may discourage that behavior. Electronic monitoring can also be used to reinforce positive actions like regularly attending counseling sessions, school or work. Moving from more intensive to less intensive surveillance can be used to reinforce repeated compliance, build self-esteem and self-confidence eventually leading to long term behavior modification and full community reentry.
But, like any tool, its ultimate effectiveness depends upon how you use it.
Solutions: http://www.isecuretrac.com/Services.aspx
About iSECUREtrac Corp.. http://www.isecuretrac.com/About.aspx
(Unaudited) | ||||||||
| September 30, 2009 | December 31, 2008 | ||||||
ASSETS | ||||||||
Current Assets | ||||||||
Cash and cash equivalents | $ | 1,090,341 | $ | 423,361 | ||||
Accounts receivable, net of allowance for doubtful accounts of $656,630 in 2009 and $462,553 in 2008 | 1,924,761 | 2,445,505 | ||||||
Inventories | 288,300 | 193,820 | ||||||
Prepaid expenses and other | 117,802 | 84,224 | ||||||
Total current assets | 3,421,204 | 3,146,910 | ||||||
Leasehold improvements and equipment, net of accumulated depreciation of $10,764,157 in 2009 and $9,125,376 in 2008 | 4,427,515 | 4,229,319 | ||||||
Intangibles, net of accumulated amortization of $906,530 in 2009 and $892,128 in 2008 | 4,993 | 19,394 | ||||||
Goodwill | 2,302,179 | 2,302,179 | ||||||
Other assets | 77,690 | 83,386 | ||||||
Total assets | $ | 10,233,581 | $ | 9,781,188 | ||||
LIABILITIES AND STOCKHOLDERS' (DEFICIT) | ||||||||
Current Liabilities | ||||||||
Accounts payable | $ | 475,866 | $ | 403,399 | ||||
Accrued expenses | 1,185,447 | 524,339 | ||||||
Revolving Line of Credit | 550,000 | 500,000 | ||||||
Equipment Term Loan | 82,407 | 50,000 | ||||||
Current maturities of long-term debt | 1,589,745 | 1,222,508 | ||||||
Deferred revenues & gain on sale-leaseback transactions | 131,578 | 299,548 | ||||||
Accrued interest payable | 1,247,466 | 776,011 | ||||||
Total current liabilities | 5,262,509 | 3,775,805 | ||||||
Long-term debt, less current maturities | 13,319,296 | 13,280,368 | ||||||
Redeemable convertible Series C preferred stock | 14,102,700 | 13,106,407 | ||||||
Commitments and contingency | ||||||||
Stockholders' (deficit) | ||||||||
Common stock | 10,811 | 10,799 | ||||||
Additional paid-in capital | 55,515,208 | 55,369,880 | ||||||
Accumulated deficit | (77,976,943 | ) | (75,762,071 | ) | ||||
Total stockholders' (deficit) | (22,450,924 | ) | (20,381,392 | ) | ||||
Total liabilities and stockholders' (deficit) | $ | 10,233,581 | $ | 9,781,188 |
Three Months Ended | Nine Months Ended | |||||||||||||||
2009 | 2008 | 2009 | 2008 | |||||||||||||
Revenues: | ||||||||||||||||
Equipment revenue | $ | 2,924,535 | $ | 2,098,798 | $ | 8,522,876 | $ | 6,563,284 | ||||||||
Services revenue | 106,786 | 71,183 | 354,652 | 232,336 | ||||||||||||
Royalty revenue | 179,869 | 8,163 | 628,933 | 240,515 | ||||||||||||
Total revenues | 3,211,190 | 2,178,144 | 9,506,461 | 7,036,135 | ||||||||||||
Operating expenses: | ||||||||||||||||
Cost of revenues | 1,172,145 | 843,715 | 3,510,893 | 2,879,730 | ||||||||||||
Research and development | 315,801 | 275,513 | 885,239 | 944,071 | ||||||||||||
Sales, general and administrative | 1,796,365 | 1,817,153 | 5,574,317 | 6,115,488 | ||||||||||||
Total operating expenses | 3,284,311 | 2,936,381 | 9,970,449 | 9,939,289 | ||||||||||||
Operating loss | (73,121 | ) | (758,237 | ) | (463,988 | ) | (2,903,154 | ) | ||||||||
Other income (expense): | ||||||||||||||||
Interest income | 36 | 2,148 | 636 | 26,215 | ||||||||||||
Interest expense | (304,987 | ) | (289,824 | ) | (899,343 | ) | (823,196 | ) | ||||||||
Total other income (expense) | (304,951 | ) | (287,676 | ) | (898,707 | ) | (796,981 | ) | ||||||||
Loss before provision for income taxes | (378,072 | ) | (1,045,913 | ) | (1,362,695 | ) | (3,700,135 | ) | ||||||||
Provision for income taxes | 0 | 0 | 0 | 0 | ||||||||||||
Net loss | $ | (378,072 | ) | $ | (1,045,913 | ) | $ | (1,362,695 | ) | $ | (3,700,135 | ) | ||||
Preferred stock dividends and accretion | (350,289 | ) | (328,771 | ) | (996,295 | ) | (939,151 | ) | ||||||||
Net loss available to common stockholders | $ | (728,361 | ) | $ | (1,374,684 | ) | $ | (2,358,990 | ) | $ | (4,639,286 | ) | ||||
Basic and diluted loss per common share | $ | (0.07 | ) | $ | (0.13 | ) | $ | (0.22 | ) | $ | (0.43 | ) | ||||
Weighted average shares of common stock outstanding | 10,809,812 | 10,789,701 | 10,806,114 | 10,783,169 |
Additional | ||||||||||||||||||||
Common Stock | Paid -in | Accumulated | ||||||||||||||||||
| Shares | Amount | Capital | Deficit | Total | |||||||||||||||
Balance, December 31, 2008 | 10,799,090 | $ | 10,799 | $ | 55,369,880 | $ | (75,762,071 | ) | $ | (20,381,392 | ) | |||||||||
Shares issued for director's fees | 12,248 | 12 | 5,988 | - | 6,000 | |||||||||||||||
Stock issued upon exercise of options | - | - | 162 | - | 162 | |||||||||||||||
Stock based compensation | - | - | 283,296 | - | 283,296 | |||||||||||||||
Series C preferred stock dividends | - | - | - | (852,177 | ) | (852,177 | ) | |||||||||||||
Accretion to redemption value of preferred stock | - | - | (144,118 | ) | - | (144,118 | ) | |||||||||||||
Net loss | - | - | - | (1,362,695 | ) | (1,362,695 | ) | |||||||||||||
Balance, September 30, 2009 | 10,811,338 | $ | 10,811 | $ | 55,515,208 | $ | (77,976,943 | ) | $ | (22,450,924 | ) |
| 2009 | 2008 | ||||||
Cash Flows From Operating Activities | ||||||||
Net loss | $ | (1,362,695 | ) | $ | (3,700,135 | ) | ||
Depreciation and amortization | 1,653,182 | 1,657,553 | ||||||
Stock based compensation | 289,296 | 314,350 | ||||||
Increase in Allowance for Doubtful Accounts | 194,077 | 54,219 | ||||||
(Increase) Decrease in accounts receivable | 326,667 | (29,513 | ) | |||||
(Increase) in inventories | (94,480 | ) | (68,180 | ) | ||||
(Increase) in prepaid expenses | (33,578 | ) | (20,256 | ) | ||||
Increase (Decrease) in accounts payable | 42,988 | (660,256 | ) | |||||
Increase (Decrease) in accrued expenses | 661,108 | (113,885 | ) | |||||
(Decrease) in deferred revenues and gain on sale - leaseback transactions | (167,970 | ) | (38,852 | ) | ||||
Increase in accrued interest payable | 471,455 | 568,342 | ||||||
Net cash provided by (used in) operating activities | 1,980,050 | (2,036,613 | ) | |||||
Cash Flows From Investing Activities | ||||||||
Purchases of leasehold improvements and equipment | (1,807,499 | ) | (2,138,839 | ) | ||||
Decrease in other assets | 5,695 | 16,537 | ||||||
Net cash (used in) investing activities | (1,801,804 | ) | (2,122,302 | ) | ||||
Cash Flows From Financing Activities | ||||||||
Principal proceeds from long-term debt | 1,700,000 | 2,050,000 | ||||||
Proceeds from revolving line of credit | 50,000 | - | ||||||
Proceeds from equipment term loan | 32,407 | 50,000 | ||||||
Principal payments on long-term debt | (1,293,835 | ) | (792,956 | ) | ||||
Proceeds from the exercise of options and warrants | 162 | - | ||||||
Net cash provided by financing activities | 488,734 | 1,307,044 | ||||||
Increase (Decrease) in cash | 666,980 | (2,851,873 | ) | |||||
Cash at beginning of period | 423,361 | 3,442,712 | ||||||
Cash at end of period | $ | 1,090,341 | $ | 590,839 | ||||
Supplemental Disclosure of Cash Payments for | ||||||||
Interest | 427,888 | 254,856 | ||||||
Supplemental Disclosure of Noncash Transactions | ||||||||
Purchase of leasehold improvements and equipment included in accounts payable | 29,478 | 27,667 |
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