SOURCE: iSECUREtrac Corp.

August 12, 2008 12:57 ET

iSECUREtrac 2nd Quarter 2008 Results -- Recurring Revenue Up, Expenses Down

OMAHA, NE--(Marketwire - August 12, 2008) - iSECUREtrac Corp. (OTCBB: ISEC), an industry leader in electronic monitoring solutions, reported the financial results for the quarter ending June 30, 2008.

The results for the quarter ending June 30, 2008 mark the first time since 2004 that the Company has reported two consecutive quarters of increasing recurring revenue coupled with decreasing operating losses. Furthermore, the operating loss for the quarter ending June 30, 2008 was less than $1.0 million for the first time since the second quarter of 2006.

Recurring revenues for the three and six months ended June 30, 2008 were $2.33 million and $4.58 million, respectively -- up 8% and 12% over the same periods a year ago. Total revenue for the three and six months ended June 30, 2008 were $2.36 million and $4.86 million, respectively -- up 5% and 10% respectively, over the same periods a year ago.

The Company's operating loss for the quarter ending June 30, 2008 was $967,000 compared to $1,285,000 for Q2 2007. The $967,000 is the lowest operating loss since the Company reported a $907,000 loss in the 2nd quarter of 2006.

In addition, during the second quarter the Company completed a series of actions that it expects will eliminate approximately $1.1 million in annualized expenses from the operating expenses of the Company -- primarily in Selling, General & Administrative expenses.

Please join CEO Peter Michel and CFO Lincoln Zehr on Wednesday, August 13, 2008. The company will discuss Second Quarter results and provide a Company update. The details for the call are as follows:

                   Date: Wednesday, August 13, 2008
                   Time: 3:30 PM Central (4:30 PM Eastern)
                   Dial-in number: 1-800-762-8795
                   International: 1-480-629-9041

Dial in 5-10 minutes prior to the start time. An operator will request your name and organization and ask you to wait until the call begins. If you have any difficulty connecting, please call iSECUREtrac at (866) 537-0022.

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.

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