TRENDFINDERS- Scanning Board for Charts and Stocks

[stevenck]

ALAN had news out today...... making a small move..... Hmmmmmmm


SCOTTSDALE, Ariz., Nov 11, 2009 (BUSINESS WIRE) -- Alanco Technologies, Inc. (ALAN: 0.37, -0.01, -2.63%), today announced a new strategic initiative focused on accelerating growth of the Company's core wireless monitoring services business, StarTrak Systems, LLC. Since Alanco acquired StarTrak in June 2006, its sales have grown at a compounded rate of 25% to approximately $14 million in the fiscal year ending June 30, 2009. A key element of the new plan is significant additional non-dilutive financing expected to be generated through the divestiture of the Company's non-core assets, Alanco/TSI PRISM, Inc., its RFID inmate tracking business, and Excel Meridian Data, Inc., its data storage products business. The Company estimates the cash market value of both businesses to total in excess of $10 million.