Numerex Reports Second Quarter 2010 Financial Results

29% Growth in M2M Subscriptions Leads Company to Profitability

PR Newswire -- July 27, 2010

ATLANTA, July 27 /PRNewswire-FirstCall/ -- Numerex Corp (Nasdaq: NMRX), a leading single source provider of secure machine-to-machine (M2M) products and services, today announced financial results for its second quarter ended June 30, 2010.

"We are pleased to report that Numerex returned to profitability in the second quarter as M2M revenues increased across the board and margins remained strong. We maintained record levels of investment in both technology and business development during the quarter that we expect will continue to benefit future operating performance as adoption by customers of our higher-value M2M service platforms and business systems increase," stated Stratton Nicolaides, chairman and CEO of Numerex. "We expect a continued strong business performance and increased profitability in the second half of the year as we introduce our products and services to new domestic and overseas markets."

Key results for the second quarter include:

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