Alanco Announces Strategic Sale of Subsidiary
Excel Meridian Data, Inc.
March 22, 2010 09:03 AM Eastern Daylight Time
SCOTTSDALE, Ariz.--(EON: Enhanced Online News)--Alanco Technologies, Inc. (NASDAQ: ALAN) today
announced further implementation of its strategic plan (November 11, 2009 News Release) to focus on the
Company’s wireless monitoring services business through the sale of its data storage subsidiary, Excel Meridian
Data, Inc., located in Carrollton, Texas. Excel Meridian was sold to a private investor in a transaction, which closed
on March 19, 2010, valued at approximately $500,000, including cash, notes and assumed liabilities.
Robert R. Kauffman, Chairman and Chief Executive Officer, commented, “This Excel Meridian transaction, although
relatively small, represents an important, initial step in implementation of our plan to focus upon accelerating growth
of our StarTrak recurring subscription revenue business model. We are also actively engaged in continuing
discussions relative to a potential near-term sale of our major TSI PRISM RFID tracking subsidiary. Our primary
StarTrak business, meanwhile, is evidencing continued consecutive quarterly growth with this March ending quarter’s
sales growth expected to again reach 20%.”
Alanco Technologies, Inc. provides wireless monitoring and asset management solutions through its StarTrak
Systems subsidiary. StarTrak Systems is the dominant provider of tracking, monitoring and control services to the
refrigerated or “Reefer” segment of the transportation marketplace, enabling customers to increase efficiency and
reduce costs of the refrigerated supply chain. For more information, visit the Alanco website at www.alanco.com or
StarTrak Systems at www.startrak.com.
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