SANDY, Utah, May 15, 2014 /PRNewswire/ -- SecureAlert, Inc. (OTCBB: SCRA), a global tracking and electronic monitoring services company, today announced its financial results for the three months ended March 31, 2014. The operating results reflect the company's ongoing investment and expansion of its technologies and international footprint, which are fueling its momentum toward full recovery and positioning as an emerging industry leader.
The company had a net loss from continuing operations for the three months ended March 31, 2014 totaling $1,292,119 compared to a net loss of $1,638,785 for the three months ended March 31, 2013, a decrease of $346,666. This decrease is a result of other income and an offset to expenses recognized from a settlement agreement and licensing arrangement offset by a reduction of gross profit generated from monitoring services in connection with an international customer.
The second quarter was highlighted by SecureAlert's acquisition of Global Tracking & Surveillance System Ltd. (GPS Global), a privately-held technology research, development and services company based in Kfar Saba, Israel, a suburb of Tel Aviv. The acquisition brought to SecureAlert a significant suite of low-cost, high-performance products and solutions, as well as established access into a number of new international markets. In addition, SecureAlert gained a robust research and development presence in a nation well-known for its many entrepreneurial innovations in technology, electronics and security systems.
"We achieved several important milestones in our second quarter that will provide steady progress in enhancing our talent, proprietary infrastructure, product portfolio and access to markets around the world," said Chairman Guy Dubois. "SecureAlert will continue to pursue this expansion and development path as we become one of the few truly premier international brand names in the growing but fragmented electronic monitoring industry."
"We will continue to pursue our growth strategy with vigor," Dubois said, "as this repositioning of the company to an acknowledged position of industry leadership is the best means of delivering superior value to our shareholders."
A detailed discussion of its first quarter results is included in SecureAlert's 10-Q filed with the Securities and Exchange Commission on May 15, 2014. A copy of this report is available at www.securealert.com.
SecureAlert provides offender electronic monitoring solutions that combine sophisticated tracking technologies with around-the-clock monitoring and intervention capabilities. The company's patented offender monitoring technology with its many unique features integrates GPS, radio frequency (RF) and three-way interactive voice communications to create a single solution that can be deployed effectively and cost-efficiently almost anywhere in the world.
The company's electronic monitoring solutions meet the complex needs of law enforcement, corrections and rehabilitation organizations in support of any juvenile or adult defendant, offender or parolee program - offering each an accountable way to avoid incarceration while providing greater public safety for less cost than imprisonment or work-release supervision alternatives. SecureAlert's steadily expanding prominence as emerging industry leader is underscored by the company's recent acquisition of Israel-based GPS Global (www.gpsglobal.com).
SecureAlert company headquarters are located at 150 West Civic Center Drive, Suite 400, Sandy, Utah 84070. To learn more, please call (801) 451-6141 or send an email to email@example.com. Visit SecureAlert online at www.securealert.com.
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 promptly satisfy orders 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. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.
Investor Contact Media Contact ---------------- ------------- John Merrill, CFO Steven Silvers, Corporate Communications SecureAlert, Inc. SecureAlert, Inc. 1 (866) 451-6141 (720) 402-8820
SOURCE SecureAlert, Inc.