IASG Special Committee Receives Allen & Company Report
20 Junho 2006 - 12:15PM
Business Wire
Integrated Alarm Services Group, Inc. (NASDAQ - IASG) announced
today that at a regularly scheduled meeting of the Board of
Directors on June 15, 2006 the Special Committee received the Allen
& Company report reviewing strategic options for the Company.
Ms. Arlene Yocum Esq., Chair of the Corporate Governance and
Nominating Committee and the Special Committee, said, "The Allen
report contains considerable analysis and presents strategic
options available to the Company which the Special Committee is
reviewing. Given the highly confidential nature of the report we
will not be releasing the report." About IASG Integrated Alarm
Services Group provides total integrated solutions to independent
security alarm dealers located throughout the United States to
assist them in serving the residential and commercial security
alarm market. IASG's services include alarm contract financing
including the purchase of dealer alarm contracts for its own
portfolio and providing loans to dealers collateralized by alarm
contracts. IASG, with approximately 5,000 independent dealer
relationships, is also the largest wholesale provider of alarm
contract monitoring and servicing. For more information about IASG
please visit our web site at http://www.iasg.us. This press release
may contain statements, which are not historical facts and are
considered forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements contain projections of IASG's future
results of operations, financial position or state other
forward-looking information. In some cases you can identify these
statements by forward looking words such as "anticipate",
"believe", "could", "estimate", "expect", "intend", "may",
"should", "will", and "would" or similar words. You should not rely
on forward-looking statements because IASG's actual results may
differ materially from those indicated by these forward looking
statements as a result of a number of important factors. These
factors include, but are not limited to: general economic and
business conditions; our business strategy for expanding our
presence in our industry; anticipated trends in our financial
condition and results of operation; the impact of competition and
technology change; existing and regulations effecting our company
and business, and other risks and uncertainties discussed under the
heading "Risks Related to our Business" in IASG's Form 10-K report
for the period ending December 31, 2005 as filed with the
Securities and Exchange Commission on March 16, 2006, and other
reports IASG files from time to time with the Securities and
Exchange Commission. IASG does not intend to and undertakes no duty
to update the information contained in this press release.
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