What changed
📄 TRACK GROUP, INC.
SecureAlert, Inc. markets and deploys offender management programs combining patented GPS tracking technologies, full-time intervention-based monitoring, and case management services. Its flagship product line includes ReliAlert, Shadow, and R.A.D.A.R., which are devices and services customizable for various offender types. The company aims to provide greater public safety at a lower cost compared to incarceration.
Key risk: We face risks related to our substantial indebtedness, with approximately $30.34 million outstanding as of December 31,2014, which could adversely affect our ability to raise capital and meet obligations.
Proceeds: We will not receive any proceeds upon the sale of the Shares by the Selling Shareholders.
Why it matters
SecureAlert, Inc. markets and deploys offender management programs combining patented GPS tracking technologies, full-time intervention-based monitoring, and case management services. Its flagship product line includes ReliAlert, Shadow, and R.A.D.A.R., which are devices and services customizable for various offender types. The company aims to provide greater public safety at a lower cost compared to incarceration.