|FOR IMMEDIATE RELEASE
||Contact : Robert Moreyra
|January 12, 2007
ATLANTIC AMERICAN CAPITAL ADVISORS COMPLETES
SALE OF PRO TECH MONITORING SYSTEMS, INC.
Tampa, Florida. Atlantic American Capital Advisors, LLC (AACA) is pleased to announce that it has completed the sale of Pro Tech Monitoring Systems, Inc. (Pro Tech) to Dmatek, Inc. for a consideration of $12.5 million in cash.
Pro Tech is the world’s largest GPS Offender Tracking Technology Provider and developed the first satellite tracking system to provide real-time, 24-hour tracking of criminal offenders who are under community supervision. The Company is headquartered in Odessa, FL, and its systems are currently in use by over 150 agencies in 35 states, the UK and Canada. Pro Tech will complement Dmatek’s existing remote people monitoring technologies, which are used by private operators and government agencies in over 20 countries worldwide.
About Atlantic American Capital Advisors
Atlantic American Capital Advisors, LLC (AACA) is a NASD licensed broker established
in 2000 to assist public and private middle market companies in a wide range
of investment banking transactions including mergers and acquisitions, primary/secondary
offerings, management and leveraged buyouts, capital formation, as well as
institutional placements. AACA offers a unique blend of value-added services,
resources, and capabilities that very few firms can provide. The Company’s success
is attributed to the strong investment banking and operating experiences of
its professionals, a solid knowledge of valuation drivers and transaction structures,
and extensive relationships with lender, strategic buyers, and financial sponsors.
This expertise allows AACA to complete traditional transactions, as well as
specialize in difficult and non-traditional transactions and financing structures.
AACA is an NASD-registered broker dealer and member SIPC. Visit AACA online at
101 E. Kennedy Blvd. • Suite 3300 • Tampa, FL 33602-5812 •
Phone: 813-318-9444 • Fax: 813-314-9504