Numerex to Present at the 35th Annual SMid-Cap Technology Conference May 30th
Numerex to Present at the 35th Annual SMid-Cap Technology Conference May 30th
ATLANTA, May 17 / -- Numerex Corp., a leader in wireless machine-to-machine (M2M) data communications, today announced that Stratton Nicolaides, CEO of Numerex will present at the Cowen and Company 35th Annual SMid-Cap Technology Conference on May 30, 2007. The conference will be held at The New York Palace Hotel, 455 Madison Avenue in New York City, May 30th-June 1st.
Mr. Nicolaides will give a thirty minute presentation followed by a brief Q & A at 2:30 pm. A web cast of the presentation will be available on the investor page of the Numerex web site at nmrx.com and also on the Cowen and Company's internet website, www.cowen.com. One-on-One meetings are also available by request via the Cowen and Company Conference Department @ (617) 946-3830.
Mr. Nicolaides will discuss the Company's comprehensive line of wireless M2M communication solutions and the role this technology plays in a wide range of applications. Specifically, he will discuss Numerex's product offerings within the M2M space, which enable real-time wireless device connectivity, including Numerex' wireless M2M technology, networks and solutions. An overview of the Company's successes in developing and marketing proprietary applications will be presented as well as a review of the Company's financial results for the first quarter of 2007, which were announced earlier in May. For the full-year 2006, the Company reported that revenues grew from $29.9 million to $52.8 million, an increase of 76%. For the year, the Company reported net income of $4.1 million compared to net income of $593,000 for 2005.
About Numerex
Numerex Corp. is a wireless network service provider and a leading enabler of fixed and mobile machine-to-machine (M2M) solutions and technology. A single-source for its M2M customers, Numerex delivers real-time wireless data communications for purposes of monitoring, tracking, measuring, and intelligent management of remote assets with solutions tailored to meet the needs of each application, customer, and industry. A few of the vertical markets indirectly served by the Company include alarm security, vehicle location and asset tracking, point of sale, vending, and utility management. Numerex offers its products and services primarily throughout the United States, Canada, and Mexico. The company is headquartered in Atlanta, Georgia. For additional information, visit http://nmrx.com/
About Cowen Group Inc.
Cowen Group, Inc. through Cowen and Company, LLC and Cowen International Limited, provides investment banking services, including underwriting and other capital raising solutions, equity research, sales, trading and mergers and acquisitions advice to emerging growth companies in sectors including healthcare, technology, media and telecommunications, alternative energy and consumer.
FCMN Contact: adams.colleen@nmrx.com
Source: Numerex Corp.
CONTACT: Alan Catherall, Numerex Corp., +1-770-485-2527
Web site: http://nmrx.com/
http://www.cowen.com/
