CONTACTS: Alanco Investor Relations Equity Communications
(480) 607-1010 Ira Weingarten
www.alanco.com (805) 897-1880
-------------- ira@equitycommunication.com
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Alanco TSI PRISM(TM) Awarded
Indiana Juvenile Detention Center Project
(Scottsdale, AZ - November 27, 2006) - Alanco Technologies, Inc. (NASDAQ: ALAN),
a leading provider of wireless tracking and asset management solutions,
announced today that it will provide a WiFi-compatible TSI PRISM RFID inmate
tracking system for the Marion County (Indianapolis) Juvenile Detention Center
which will be integrated with the facility's IT infrastructure. Installation of
the RFID system, valued at approximately $650,000 including design services and
staff training, is anticipated to begin in early December.
The TSI PRISM project was facilitated by MindGent Healthcare Services, LLC, an
Indianapolis-based solution provider for hospitals, physician practices and
clinics that optimize operations, leverage state-of-the-art clinical systems,
enhance care provisioning and maximize revenue generation. MindGent was awarded
the overall contract with Marion County to provide an electronic medical records
system and 24-hour call center, as well as the RFID inmate tracking system, for
its Juvenile Detention Center. The TSI PRISM software will be integrated with
the Marion County Juvenile facility's Quest operating system to enable seamless
data flow from a central intake point as each youth is placed in custody and
registered into the facility. The Marion County Juvenile Detention Center houses
up to 200 male and female offenders under the age of 18, determined by the
juvenile courts as unsuitable to return home or to parental custody.
Julie Beckner, President and CEO of MindGent Healthcare Services, said, "The
Juvenile Facility's current system was bogged down in an endless cycle of
bureaucratic paperwork that is inefficient and ultimately costly to the
taxpayers. We are eager to provide a solution that will enhance services to the
children and potentially save the Marion County Juvenile Detention Center
millions of dollars."
Greg M. Oester, Alanco/TSI PRISM President, commented, "The Marion County
project represents an important advance in our efforts to promote facility
efficiencies by fully integrating TSI PRISM into general facility data base
platforms and merging with other prison security system software, such as CCTV
cameras. Our WiFi-compatible TSI PRISM system employs an infrastructure network
that can be shared with other WiFi-enabled devices, such as laptops or wireless
PDAs. WiFi compatibility lowers the cost of installing multiple electronic
systems, and provides the ability to add new wireless technology as it becomes
available. These enhancements to the TSI PRISM system will improve the overall
value proposition to our customers and further strengthen our position as the
leading provider of RFID tracking systems for the corrections industry."
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 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 tracking, monitoring and controlling 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, and Virginia. Additional information is available at
www.TSIPRISM.com.
The Company also participates in the data storage industry through its
Excel/Meridian Data, Inc. subsidiary, a manufacturer of Network Attached Storage
(NAS) systems. Additional information is available at www.excelmeridian.com.
MindGent Healthcare Services, LLC delivers healthcare solutions to clients that
allow them to focus on the delivery of patient care. MindGent Healthcare
Services offers solutions for hospitals, physician practices and clinics that
optimize operations, leverage state-of-the-art clinical systems, enhance care
provisioning and maximize revenue generation. For more information:
www.mindgenthealthcare.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.
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