SOURCE: iSECUREtrac

November 12, 2008 08:00 ET

iSECUREtrac Receives $2.5 Million Additional Financing From Institutional Investor

OMAHA, NE--(Marketwire - November 12, 2008) - iSECUREtrac Corp. (OTCBB: ISEC), a leader in electronic monitoring solutions within the criminal justice field, announced that it has received $2.5 million in additional financing from an institutional investor. As a result, the Company entered into a loan agreement with Crestpark LP, Inc. in the form of two separate promissory notes -- one for $750,000 through a Revolving Credit Commitment, and a second for $1,750,000 via an Equipment Term Loan. Crestpark LP, Inc. is an affiliate of Mykonos 6420 LP and Sammons Enterprises. With assets approaching $40 billion, Sammons Enterprises is a diversified conglomerate ranking among the largest privately held companies in the world.

The $750,000 Revolving Credit Commitment will be available to be drawn down as needed for general working capital. The Equipment Term Loan will be available to finance the delivery of new monitoring equipment necessary to complete expected orders over the next several quarters, but will be drawn on only to the extent long-term financing through existing relationships isn't readily available.

Peter Michel, CEO and President of iSECUREtrac Corp., commented, "At a time in our economy when companies are having a difficult time securing additional credit, these loan facilities demonstrate the confidence we have earned from a quality institutional investor. This $2.5 million will allow us to address our short-term working capital needs while fulfilling new purchase orders over the next several months."

Peter Michel continued, "We believe we are well positioned to become the premier provider of monitoring systems and service solutions."

A detailed description of the financing is set forth in the Current Report on Form 8-K which the Company filed with the SEC on November 12, 2008.

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.

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