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SureTrack Monitoring

  • BY: Andrew Hore |
  • POSTED: 27/07/2011 |

Asset tracking services provider SureTrack Monitoring has raised £262,500 at 0.35p a share in order to purchase additional stock to fulfil orders.

SureTrack says its MT3 device will be sold through International Motors Group (Isuzu truck) dealers from August. Sales to the plant hire sector are picking up while the asset protection business has won orders from two high street retailers.

SureTrack reported a more than halved loss of £542,000 on revenues of £625,000 in the year to January 2011. Net cash was £521,000 at that time.

At 0.45p a share, SureTrack is valued at £2.98m.

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