iSECUREtrac Retires Additional $520,000 of Debt

iSECUREtrac Retires Additional $520,000 of Debt

OMAHA, Neb., Jan. 5 /PRNewswire-FirstCall/ -- iSECUREtrac(TM) Corp. (BULLETIN BOARD: ISRE) , an industry leader in advanced global positioning systems (GPS) tracking solutions, announced today that is has retired $520,000 of Notes Payable, converting them to Common Stock at a price of $.23 per share. This debt retirement, which reduces quarterly interest expense by over $11,000, brings total debt retirements to over $2.8 million since the third quarter of 2004.

"These latest eliminations bring to 12 the total number of debt holders who have agreed to convert to common stock in exchange for their notes," said David Vana, CFO of iSECUREtrac Corp. "These debt holders have a much greater interest in holding a common stock equity position with iSECUREtrac Corp," Vana continued. "Since September 30, 2004, we have reduced our non-lease note payable burden from $8.3 million to $5.3 million. This has cut our stockholder deficit in half while reducing our quarterly interest expense by nearly $40,000," added Vana.

About iSECUREtrac

iSECUREtrac Corp is a technology and information services company providing advanced GPS tracking solutions for the remote tracking and monitoring of individuals, including real time data collection, secure remote reporting, and data warehousing. Currently focused in the area of Law Enforcement, iSECUREtrac's products are designed to improve security, enhance overall management information, and provide faster analysis and response for targeted government and commercial applications. Further information on iSECUREtrac Corp can be found on the company's Web site at www.isecuretrac.com.

Safe Harbor

This press release contains forward-looking statements that, if not verifiable historical fact, may be viewed as forward-looking statements that could predict future events or outcomes with respect to iSECUREtrac Corp. and its business. The predictions embodied in these statements will involve risks and uncertainties and accordingly, iSECUREtrac's actual results may differ significantly from the results discussed or implied in such forward-looking statements.


Source: iSECUREtrac Corp.

CONTACT: David Vana of iSECUREtrac Corp., +1-402-537-0022

Web site: http://www.isecuretrac.com/


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