SecurityAlert (OTC.BB:SCRA): Reaches Agreement with State of Minnesota

OXFORD,MS--(PennyPayDay - 02/25/11) - SecureAlert (OTC.BB:SCRA), a leading international provider of patented, wireless electronic monitoring systems and services to public safety agencies, announces that their subsidiary, Midwest Monitoring and Surveillance, Inc., has reached agreement to provide patient tracking system inside the Minnesota Sex Offender Program at Moose Lake, Minnesota for a contract price of $725,456. The project began on February 9th, and is expected to take approximately 90 days to install and become fully functional.

"The Moose Lake project further demonstrates SecureAlert's ability to deliver a variety of monitoring solutions in support of a broad range of offender-specific customer needs," said Gary Shelton, President of the Midwest Monitoring and Surveillance operating division of SecureAlert, Inc. Mr. Shelton continued that "the State of Minnesota and the Moose Lake facility management team have been very deliberate in their efforts and diligent in their requirements to seek out the most efficient and effective solution available in the marketplace today." "We are very proud to have the opportunity to service this critical program," concluded Mr. Shelton.

"We continue to see an increased demand for 24/7 intervention monitoring solutions and for offender-specific applications," said John L. Hastings, President and Chief Operating Officer of SecureAlert, Inc. Mr. Hastings continued, "Even though these offenders are held within a secured facility to help correct their behavior, there is a need for these offenders to understand that they are under constant supervision, and the need for them to abide by every rule and requirement placed upon them by their counselors. Electronic monitoring is but one of the tools necessary to assist facility staff with helping patients understand that they have boundaries and accountabilities and that their movements do not go unchecked."

"We are pleased that our subsidiary Midwest Monitoring and Surveillance has continued to perform and win contracts that are driving SecureAlert towards profitability. We are grateful for their commitment and the partnership which we have achieved," concluded Mr. Hastings.

Distributed by IntelBuilder Social Media Platform

SecureAlert (OTC:SCRA) Reports Gross Profit of $4.9M

SecureAlert (OTC:SCRA) today reported gross profit improvement of $4,713,431 and a reduction in net loss of $9,161,891 for the fiscal year ending September 30, 2010, compared to the year ending 2009. As I write, shares of SecureAlert are up 4 percent at $0.11 per share on heavy volume of more than 1 million shares compared to its average daily volume of 842,000 shares. SecureAlert has a market cap of $35 million and a 52-week range between $0.08 and $0.16 per share.

Recurring revenues from monitoring services grew from $12,055,159 in the fiscal year ended September 30 2009 to $12,079,757 for the same reporting period in 2010, an increase of $24,598. Importantly, this was achieved while loss from operations decreased from $20,955,333 for fiscal year ended September 30 2009 to $10,083,337 for the same reporting period in 2010, or an improvement of $10,871,996, or 52%.

The Company reported a gross profit of $4,881,196 for the fiscal year ended September 30, 2010 compared to a gross profit of $167,765 for the fiscal year ended September 30, 2009, an improvement of $4,713,431, or an improvement of 2,910%. Gross profit margin increased from 1% in the fiscal year ended September 30 2009 to 39% for the same reporting period in 2010. During the years ended September 30, 2010 and 2009, the Company impaired monitoring equipment and parts of $590,801 and $2,319,530, respectively. Excluding impairment costs, adjusted gross margins were $5,471,997 and $2,487,295, a 220% improvement for the fiscal years ended September 30, 2010 and 2009, respectively.

"I am pleased with Company's progress and accomplishments over the past fiscal year, as we have focused on driving profitability. I am happy to report that these concentrated efforts have resulted in a gross margin improvement of 38 basis points and a reduction in our net operating loss by 52%, all while increasing our recurring revenue base," said John L. Hastings, III, President and Chief Operating Officer of SecureAlert, Inc.

SecureAlert is an international provider of electronic monitoring systems, case management and services utilized by more than 625 law enforcement agencies worldwide. SecureAlert offers real-time intervention services and innovative technologies to observe and track offenders wherever they may be: In their car, home or office. The Company delivers solutions and peace of mind through programs that allow probationers and paroled offenders to re-enter society by electronically monitoring them 24 hours a day, for enhanced public safety, while reducing the overall burdens and costs carried by the criminal justice and corrections systems.

For more information please visit: www.securealert.com.

Distributed by IntelBuilder Social Media Platform