SOURCE: RemoteMDx, Inc.

January 15, 2008 09:09 ET

RemoteMDx Reports Ten-Fold Growth in Fiscal Year 2007

SANDY, UT--(Marketwire - January 15, 2008) - RemoteMDx, Inc. (OTCBB: RMDX), a national leader in tracking and monitoring criminal offenders through GPS-enabled technologies for local, state and federal law enforcement agencies, reported today a ten-fold revenue and income increase for the 2007 fiscal year, reaching $10,970,540.

When compared to the company's $1,070,141 revenue and income for the same period ended September 30, 2006, RemoteMDX shows impressive financial growth.

"RemoteMDX attributes this increase to market acceptance of the Company's TrackerPAL product and service that was introduced to the criminal justice market late in 2006," said James Dalton, President of RemoteMDx. Of the $10,970,540 in 2007 revenues and other income, $2,400,000 was generated from the sale of intellectual property that did not pertain to RemoteMDx's core business.

The Company also reported a $26,022,912 loss for the fiscal 2007 year-end, including $15,130,758 in cash and $10,892,154 in non-cash. For fiscal 2006 year-end, a $23,797,745 loss was reported, with a cash loss of $11,397,627.

"During 2007, we increased research and development while bringing to market the TrackerPal product, a miniaturized cellular and global tracking system, monitoring center and software for sexual offenders," said Dalton. "This is the primary reason for the cash loss." In addition, certain costs were out of the ordinary, including the Company's communication costs which are set to be in-line with projection for 2008.

RemoteMDx has put together a Strategic Plan to meet its goal for monitoring 40,000 offenders by 2009. The plan calls for a sales focus in 2008, followed by a highly profitable recurring revenue base for subsequent years. "We are building a strong foundation toward leadership in the criminal justice market," stated Dalton.

The balance sheet for September 30, 2007 showed $15,284,348 in assets and $8,672,593 in total liabilities. Even though the financial statements contain a going concern opinion, the large institutional investors of RemoteMDx are committed to investing through the exercise of warrants, the capital necessary to facilitate the company in implementing its strategic plan.

The company's offerings continue to grow and to become established in the criminal justice system. RemoteMDx has a broad base of agencies that utilize its services and products.

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. 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.

SecureAlert, TrackerPAL and Offender Monitoring Center are trademarks of SecureAlert. RemoteMDx is a trademark of RemoteMDx, Inc.

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