iSECUREtrac Announces Major Contract Extensions and New Customers

* Reuters is not responsible for the content in this press release.

Tue Apr 6, 2010 8:00am EDT

  OMAHA, NE, Apr 06 (MARKET WIRE) -- 
iSECUREtrac Corporation (OTCBB: ISEC), a leading provider in electronic
monitoring systems and services to assist community corrections agencies,
today announced the signing of contracts with new customers and
extensions of contracts with their largest customers.

    iSECUREtrac Contract Renewals and Extensions
 iSECUREtrac announced that
it has negotiated new multiyear contracts and the extension of an
existing contract for multiple years with its top three customers, based
on 2009 revenue. The new contracts provide both parties with committed
arrangements on improved terms. Lincoln Zehr, CFO, said, "We value the
confidence our largest customers have shown in extending existing
relationships with iSECUREtrac, reflecting our excellent relationships in
providing support for their electronic monitoring programs." These
renewed and extended contracts, together with numerous other contracts
which have no expiration, account for 53% of FY2009's equipment leasing
and services revenue.

    New Contracts
 In addition, iSECUREtrac stated that it has signed five
new customers in the past few weeks, several that have the potential to
expand the Company's footprint in states where it has not previously had
a significant presence. 

    "While it is difficult to predict the eventual revenue from the new
contracts signed, these new contracts indicate that the corrections
market appears to be responding to the reality that electronic
monitoring, and specifically Active GPS tracking, represent a way to
increase public safety and at the same time reduce costs," said Peter
Michel, CEO. "The costs of incarceration are overwhelming to the public
agencies; our systems and services provide a cost-effective supervision
option for reintegrating offenders back into their communities."

    About iSECUREtrac
 iSECUREtrac Corp. provides electronic monitoring
systems, client management software and supplemental services for use in
community supervision. The company's rich stream of reliable data
concerning a client's location, movement and status better enables
effective compliance management and positive behavior modification. Visit
www.isecuretrac.com for more information. 

    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.

    

Company Contact: 
Doug Zbylut 
Email Contact 
(866) 537-0022 

Copyright 2010, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.