ATLANTA, Jan. 9, 2012 /PRNewswire via COMTEX/ –Numerex Corp /quotes/zigman/57193/quotes/nls/nmrx NMRX +0.47% , a leading provider of business services, technology, and products for the worldwide machine-to-machine (M2M) market, today announced that during the fourth quarter of 2011, the Company added approximately 85,000 subscriptions bringing its M2M subscription base to more than 1.43 million at the end of 2011. Stratton Nicolaides, chairperson and CEO of Numerex stated “The Company’s subscription growth in 2011 was at the higher end of the range of expectations as a result of strong demand from our channel partners in the latter half of last year. we believe that this trend will continue and, as a result, we expect to grow our M2M subscription base between 23% and 28% in 2012. this growth in subscriptions will drive additional 2012 M2M recurring revenues, which we anticipate will increase by 18% to 23%.” Numerex will be presenting at the Sidoti & Company Micro Cap Conference being held at the Grand Hyatt Hotel in New York City on Monday, January 9th, 2012. Numerex will report its earnings for the fourth quarter and year-end 2011 on February 21st before the opening of the stock market. Management will hold a conference call at 9.00am that day to discuss the results. Conference access information will be provided on the company’s web site. numerex.com . about Numerex Numerex Corp /quotes/zigman/57193/quotes/nls/nmrx NMRX +0.47% is a leading provider of machine-to-machine (M2M) business services, technology, and products used in the development and support of M2M solutions for the enterprise and government markets worldwide. the Company offers Numerex DNA® that includes hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST® (Foundation Application Software Technology). Customers typically subscribe to device management, network, and application services through hosted platforms. Business services enable the development of efficient, reliable, and secure solutions while simplifying and speeding up deployment through streamlined processes and comprehensive integration services. Numerex is ISO 27001 information security-certified. “Machines Trust Us®” represents the Company’s focus on M2M data security, service reliability, and round-the-clock support of its customers’ M2M solutions. For additional information, please visit numerex.com . this press release contains, and other statements may contain, forward-looking statements with respect to Numerex future financial or business performance, conditions or strategies and other financial and business matters, including expectations regarding growth trends and activities.
Forward-looking statements are typically identified by words or phrases such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “assume,” “strategy,” “plan,” “outlook,” “outcome,” “continue,” “remain,” “trend,” and variations of such words and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may,” or similar expressions. Numerex cautions that these forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. These forward-looking statements speak only as of the date of this press release, and Numerex assumes no duty to update forward-looking statements. Actual results could differ materially from those anticipated in these forward-looking statements and future results could differ materially from historical performance. the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: our inability to reposition our platform to capture greater recurring subscription revenues; the risks that a substantial portion of revenues derived from government contracts may be terminated by the government at any time; variations in quarterly operating results; delays in the development, introduction, integration and marketing of new services; customer acceptance of services; economic conditions resulting in decreased demand for our products and services; the risk that our strategic alliances and partnerships will not yield substantial revenues; changes in financial and capital markets, and the inability to raise growth capital; the inability to attain revenue and earnings growth; changes in interest rates; inflation; the introduction, withdrawal, success and timing of business initiatives and strategies; competitive conditions; the inability to realize revenue enhancements; disruption in key supplier relationships and/or related services; and extent and timing of technological changes. Numerex SEC reports identify additional factors that can affect forward-looking statements. Numerex Corp. Contact: Alan Catherall770 485-2527 Investor Relations Contact: Seth Potter646 277-1230 SOURCE Numerex Corp Copyright (C) 2012 PR Newswire. All rights reserved
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