Numerex Corp, a leading provider of business services, technology, and products for the worldwide machine-to-machine (M2M) market, today announced that during the fourth quarter of 2011, the Company added approximately 85,000 subscriptions bringing its M2M subscription base to more than 1.43 million at the end of 2011.
Stratton Nicolaides, chairperson and CEO of Numerex stated
“The Company’s subscription growth in 2011 was at the higher end of the range of expectations as a result of strong demand from our channel partners in the latter half of last year.
We believe that this trend will continue and, as a result, we expect to grow our M2M subscription base between 23% and 28% in 2012.
This growth in subscriptions will drive additional 2012 M2M recurring revenues, which we anticipate will increase by 18% to 23%.”
Numerex will be presenting at the Sidoti & Company Micro Cap Conference being held at the Grand Hyatt Hotel in New York City on Monday, January 9th, 2012.
Numerex will report its earnings for the fourth quarter and year-end 2011 on February 21st before the opening of the stock market. Management will hold a conference call at 9.00am that day to discuss the results. Conference access information will be provided on the company’s web site. www.numerex.com.
Numerex Corp (NASDAQ: NMRX) is a leading provider of machine-to-machine (M2M) business services, technology, and products used in the development and support of M2M solutions for the enterprise and government markets worldwide. The Company offers Numerex DNA® that includes hardware and smart Devices, cellular and satellite Network services, and software Applications that are delivered through Numerex FAST® (Foundation Application Software Technology). For additional information, please visit www.numerex.com.