PRESS RELEASES
STC acquires Remote Monitoring Services
On Jan. 1, 2009 Stone Technologies purchased Remote Monitoring Services of Las Vegas for cash. The purchase included a significant number of recurring revenue accounts in the environmental monitoring field, for which STC had been manufacturing the equipment and providing technical support for RMS clients. This acquisition expands operations into the monitoring services related to power, water/wastewater, lighting, temperature, and other environmental supervision areas.
STC signs purchase agreement with Missing Link Communications
In April 2009, negiotiations between MLC and STC were finalized for the acquisition of their client base, products, trademarks, and the patents rights to the Touchtag product. Among their clients are several major retail chains.
STC purchases all assets of Shippey Tower Services
On May 1, 2009 STC purchased for cash all clients, monitoring, and central station systems of Shippey Towers of Van Buren, AR. This adds to the recurring revenue base of the STC/RMS central monitoring station. |