IASG Integrated Alarm Services Grp (MM)

Integrated Alarm Services Group, Inc. (Nasdaq: IASG) today announced the acquisition of approximately 9,600 alarm contracts generating approximately $235,000 in recurring monthly revenues (RMR). The residential alarm contracts are located in Minnesota and are being acquired from the Minnesota natural gas operating subsidiary of CenterPoint Energy. The alarm contracts have been monitored and serviced by IASG�s South St. Paul, Minnesota central station since 1998 and they will continue to be monitored at this site. The purchase price for the alarm contracts is approximately $7.8 million and represents a purchase multiple of 33.0 times RMR. Consideration for the Minnesota account acquisition comes from IASG cash balances. In announcing the acquisition, Charles May, President and CEO of IASG said, �We are pleased to be adding these contracts to the IASG alarm portfolio. Having monitored the portfolio for some time we are quite familiar with the characteristics of the CenterPoint accounts. These Minnesota accounts fit our portfolio criteria very well and have excellent geographic concentration. Account concentration is important to achieve both high customer service levels and operational efficiency.� May continued, �In recent months we have made good progress in integrating several important operations and past business and account acquisitions. This progress allows IASG to resume account acquisition activity and positions the Company to resume growth.� Andrea Newman, Vice President, Retail Services of CenterPoint Energy said, �A major consideration for us was that the buyer has a local monitoring and customer service presence. IASG has been our authorized provider of monitoring and service for several years. Our customers are our top priority and we know they meet our high standards for quality and excellence. IASG represents the best fit for both CenterPoint Energy and for our customers.� About IASG Integrated Alarm Services Group provides total integrated solutions to independent security alarm dealers located throughout the United States to assist them in serving the residential and commercial security alarm market. IASG�s services include alarm contract financing including the purchase of dealer alarm contracts for its own portfolio and providing loans to dealers collateralized by alarm contracts. IASG, with approximately 5,000 independent dealer relationships, is also the largest wholesale provider of alarm contract monitoring and servicing. For more information about IASG please visit our web site at http://www.iasg.us. About CenterPoint Energy CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, and pipeline and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total approximately $16 billion. With about 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 130 years. In Minnesota, CenterPoint Energy is the state�s largest natural gas distribution company, serving more than 778,000 residential, commercial and industrial customers in 240 communities. Home Service Plus�, the company�s non-regulated business in Minnesota, offers products and services in the categories of heating, ventilation, and air conditioning (HVAC) and appliance repair, and HVAC and hearth equipment sales. For more information, visit the Web site at www.CenterPointEnergy.com. This press release may contain statements, which are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of IASG�s future results of operations, financial position or state other forward-looking information. In some cases you can identify these statements by forward looking words such as �anticipate�, �believe�, �could�, �estimate�, �expect�, �intend�, �may�, �should�, �will�, and �would� or similar words. You should not rely on forward-looking statements because IASG�s actual results may differ materially from those indicated by these forward looking statements as a result of a number of important factors. These factors include, but are not limited to: general economic and business conditions; our business strategy for expanding our presence in our industry; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and regulations effecting our company and business, and other risks and uncertainties discussed under the heading �Risks Related to our Business� in IASG�s Form 10-K report for the period ending December 31, 2005 as filed with the Securities and Exchange Commission on March 16, 2006, and other reports IASG files from time to time with the Securities and Exchange Commission. IASG does not intend to and undertakes no duty to update the information contained in this press release. Integrated Alarm Services Group, Inc. (Nasdaq: IASG) today announced the acquisition of approximately 9,600 alarm contracts generating approximately $235,000 in recurring monthly revenues (RMR). The residential alarm contracts are located in Minnesota and are being acquired from the Minnesota natural gas operating subsidiary of CenterPoint Energy. The alarm contracts have been monitored and serviced by IASG's South St. Paul, Minnesota central station since 1998 and they will continue to be monitored at this site. The purchase price for the alarm contracts is approximately $7.8 million and represents a purchase multiple of 33.0 times RMR. Consideration for the Minnesota account acquisition comes from IASG cash balances. In announcing the acquisition, Charles May, President and CEO of IASG said, "We are pleased to be adding these contracts to the IASG alarm portfolio. Having monitored the portfolio for some time we are quite familiar with the characteristics of the CenterPoint accounts. These Minnesota accounts fit our portfolio criteria very well and have excellent geographic concentration. Account concentration is important to achieve both high customer service levels and operational efficiency." May continued, "In recent months we have made good progress in integrating several important operations and past business and account acquisitions. This progress allows IASG to resume account acquisition activity and positions the Company to resume growth." Andrea Newman, Vice President, Retail Services of CenterPoint Energy said, "A major consideration for us was that the buyer has a local monitoring and customer service presence. IASG has been our authorized provider of monitoring and service for several years. Our customers are our top priority and we know they meet our high standards for quality and excellence. IASG represents the best fit for both CenterPoint Energy and for our customers." About IASG Integrated Alarm Services Group provides total integrated solutions to independent security alarm dealers located throughout the United States to assist them in serving the residential and commercial security alarm market. IASG's services include alarm contract financing including the purchase of dealer alarm contracts for its own portfolio and providing loans to dealers collateralized by alarm contracts. IASG, with approximately 5,000 independent dealer relationships, is also the largest wholesale provider of alarm contract monitoring and servicing. For more information about IASG please visit our web site at http://www.iasg.us. About CenterPoint Energy CenterPoint Energy, Inc., headquartered in Houston, Texas, is a domestic energy delivery company that includes electric transmission & distribution, natural gas distribution, competitive natural gas sales and services, and pipeline and field services operations. The company serves more than five million metered customers primarily in Arkansas, Louisiana, Minnesota, Mississippi, Oklahoma, and Texas. Assets total approximately $16 billion. With about 9,000 employees, CenterPoint Energy and its predecessor companies have been in business for more than 130 years. In Minnesota, CenterPoint Energy is the state's largest natural gas distribution company, serving more than 778,000 residential, commercial and industrial customers in 240 communities. Home Service Plus(R), the company's non-regulated business in Minnesota, offers products and services in the categories of heating, ventilation, and air conditioning (HVAC) and appliance repair, and HVAC and hearth equipment sales. For more information, visit the Web site at www.CenterPointEnergy.com. This press release may contain statements, which are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of IASG's future results of operations, financial position or state other forward-looking information. In some cases you can identify these statements by forward looking words such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements because IASG's actual results may differ materially from those indicated by these forward looking statements as a result of a number of important factors. These factors include, but are not limited to: general economic and business conditions; our business strategy for expanding our presence in our industry; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and regulations effecting our company and business, and other risks and uncertainties discussed under the heading "Risks Related to our Business" in IASG's Form 10-K report for the period ending December 31, 2005 as filed with the Securities and Exchange Commission on March 16, 2006, and other reports IASG files from time to time with the Securities and Exchange Commission. IASG does not intend to and undertakes no duty to update the information contained in this press release.