|Alanco Investor Relations
|BPC Financial Marketing
Alanco/TSI PRISM Wins Missouri Award
For Up To Five Early Release Facilities
Total Contract Value Up to $750,000
(Scottsdale, AZ – April 28, 2008) – Alanco Technologies, Inc. (NASDAQ: ALAN), developer of the TSI PRISM™ RFID officer safety and inmate tracking system for the corrections industry, announced today that the Missouri Department of Corrections (MDOC) has selected the Company to provide TSI PRISM systems for up to an additional five probation/parole early release facilities. The MDOC previously purchased two TSI PRISM systems in 2006, which have been operational in similar facilities located in Farmington and St. Joseph, Missouri. Two new contract installations valued at approximately $300,000 will commence immediately at facilities located in Hannibal and Kennett, Missouri, with additional facilities to be scheduled in Kansas City, Fulton and Poplar Bluff, Missouri. The total potential value of the new contract is approximately $750,000.
The Missouri early release facilities, housing up to fifty inmates each, will be utilized to re-integrate inmates from a prison environment back into society or, in certain cases, serve as an alternative to a state prison sentence. Inmates are permitted to leave the facility during the day for work or to seek employment and return at specified times. Lower operating costs at these facilities reduce the state’s overall cost of incarceration. Alanco’s TSI PRISM system will assist in managing inmate movement, automating scheduling and headcount, and electronically monitoring inmates’ activity within the facilities.
Alanco/TSI PRISM President, Greg M. Oester commented, “We are pleased to have been able to demonstrate the benefits of our TSI PRISM technology in the two previous Missouri early release facilities which were completed in 2006. This new award confirms the commercial viability of our RFID tracking technology for the ‘smaller facility’ segment of the corrections market.”
Alanco Technologies, Inc. (NASDAQ: ALAN), headquartered in Scottsdale, Arizona, is a rapidly growing provider of wireless tracking and asset management solutions through its StarTrak Systems and Alanco/TSI PRISM subsidiaries. Corporate website: www.alanco.com
StarTrak Systems is a leading provider of GPS tracking and wireless asset management services to the transportation industry and the dominant provider of tracking, monitoring and two-way control services to the refrigerated or “Reefer” segment of the transportation marketplace. StarTrak products increase efficiency and reduce costs of the refrigerated supply chain through the wireless monitoring and control of critical Reefer data, including GPS location, cargo temperatures and Reefer fuel levels. StarTrak offers complete integrated solutions for refrigerated trailers, trucks, railcars, and containers. Additional information is available at www.StarTrak.com.
Alanco/TSI PRISM is the leading provider of RFID real-time tracking technologies for the corrections industry. TSI PRISM systems track and record the location and movement of inmates and officers, resulting in enhanced facility safety and security and significant staff productivity improvements. Utilizing proprietary RFID (Radio Frequency Identification) tracking technology, TSI PRISM provides real-time inmate and officer identification, location and tracking both indoors and out, and is currently utilized in prisons in Michigan, California, Illinois, Ohio, Missouri, Virginia, Indiana, and Minnesota. Additional information is available at www.TSIPRISM.com.
The Company also participates in the data storage industry through its wholly owned subsidiary, Excel Meridian Data, Inc. (EMD), which specializes in providing unique data storage, backup and disaster recovery solutions. EMD Storage product lines include: direct attached storage (DAS), network attached storage (NAS) and storage area network (SAN) solutions for any size business. In addition, EMD features partnerships with: EqualLogic, VMware, Microsoft, DoubleTake and other industry leading hardware and software solution providers. For more information visit: www.emdstorage.com
Except for historical information, the statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to, and are qualified by, risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. These risks and uncertainties include, but are not limited to, reduced demand for information technology equipment; competitive pricing and difficulty managing product costs; development of new technologies which make the Company’s products obsolete; rapid industry changes; failure of an acquired business to further the Company’s strategies; the ability to maintain satisfactory relationships with lenders and to remain in compliance with financial loan covenants and other requirements under current banking agreements; and the ability to secure and maintain key contracts and relationships.