SOURCE: iSECUREtrac

iSECUREtrac

March 16, 2011 10:36 ET

iSECUREtrac Corp. Reports First Ever Operating Income Despite Decline in Equipment and Service Revenue

OMAHA, NE--(Marketwire - March 16, 2011) - iSECUREtrac Corp (OTCBB: ISEC), an industry leader in electronic monitoring solutions, today released its financial results for the year ended December 31, 2010.

Equipment and Service revenue for the year ended December 31, 2010 were $10,357,000, down 10.6% from the $11,585,000 reported in 2009. The decline in Equipment and Service revenue is the result of a decline in the daily lease rates for GPS equipment offset by a 9% increase in the number of units deployed.

According to Lincoln Zehr, the Company's Chief Financial Officer, "For the first time in the Company's history -- iSECUREtrac reported operating income -- as opposed to an operating loss. For 2010, the Company reported operating income of $288,000 -- an improvement of nearly $1,000,000 over the operating loss reported for the same period in 2009." Zehr also pointed out that "without the lengthening of the estimated useful life, the Company would have reported an operating loss of $320,000 -- an improvement of $391,000 over 2009 -- which itself remains a significant accomplishment given the decline in revenue."

President and Chief Executive Officer, Peter Michel, acknowledged "The decline in revenue has been frustrating however, the Company has made a number of non-financial advancements in 2010 that I expect will substantially improve our competitive position in 2011. Specifically, the Company has developed new non-traditional sales channel relationships, integrated the Company's core operating systems -- tracNET24 and Salesforce.com -- to other platforms and introduced a new GPS based solution for use in cases involving Domestic Violence."

Conference Call Information:
As a reminder, the year-end conference call will be held this afternoon as follows:

Time: 3:30 PM Central - 4:30 PM Eastern
Dial-in number: 1-877-941-2322
International: 1-480-629-9715

Please dial in 5-10 minutes prior to the start. 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.

A taped replay of the conference call will be available from March 16, 2011 at 6:30 PM Central until March 23, 2011 at 10:59 PM Central.

Replay number: 1-877-870-5176
International Replay number: 1-858-384-5517
Replay Pin Number: 44424268

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.