Numerex Corp Prices Underwritten Public Offering of Common Stock

       Numerex Corp Prices Underwritten Public Offering of Common Stock

PR Newswire

ATLANTA, Jan. 23, 2013

ATLANTA, Jan.23, 2013 /PRNewswire/ --Numerex Corp (NASDAQ: NMRX) today
announced the pricing of an underwritten public offering of 2,315,000 shares
of its common stock at a price to the public of $11.25 per share. The Company
has also granted to the underwriters a 30-day option to purchase, at the same
price per share as the underwriters paid for the initial shares, an additional
347,250 shares to cover over-allotments in connection with the offering.
Assuming no exercise of the over allotment provision, the Company expects to
receive gross proceeds of $26.0 million prior to the deduction of underwriting
discounts, commissions and offering expenses.

The offering is expected to close on January 28, 2013, subject to customary
closing conditions. Needham & Company, LLC is acting as the sole book-running
manager of the offering. Craig-Hallum Capital Group LLC is acting as
co-manager. Northland Capital Markets acted as a financial advisor to the

Numerex intends to use the net proceeds from the offering for working capital
and general corporate purposes. A portion of the net proceeds also may be used
to repay indebtedness. The shares described above are being offered by Numerex
pursuant to a registration statement previously filed with and subsequently
declared effective by the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy any of the securities described herein, nor shall there be
any sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction. Copies of the
prospectus supplement and accompanying base prospectus relating to this
offering may be obtained, when available, from Needham & Company, LLC, 445
Park Avenue, New York, NY 10022, (212) 903-3268. An electronic copy of the
prospectus supplement and accompanying base prospectus relating to this
offering will be available on the website of the Securities and Exchange
Commission at

About Numerex Corp
Numerex Corp (NASDAQ: NMRX) is a leading provider of interactive and on-demand
machine-to-machine (M2M) technology and service, offered on a subscription
basis, used in the development and support of M2M solutions for the enterprise
and government markets worldwide. The Company offers Numerex DNA® that may
include hardware and smart Devices, cellular and satellite Network services,
and software Applications that are delivered through Numerex FAST® (Foundation
Application Software Technology). In addition, business services are offered
to enable the development of efficient, reliable, and secure solutions while
accelerating deployment. Numerex is ISO 27001 information security-certified,
highlighting the Company's focus on M2M data security, service reliability,
and round-the-clock support of its customers' M2M solutions. For additional
information, please visit

Forward Looking Statements
This press release contains, and other statements may contain, forward-looking
statements with respect to Numerex future financial or business performance,
conditions or strategies and other financial and business matters, including
expectations regarding growth trends and activities. Forward-looking
statements are typically identified by words or phrases such as "believe,"
"expect," "anticipate," "intend," "estimate," "assume," "strategy," "plan,"
"outlook," "outcome," "continue," "remain," "trend," and variations of such
words and similar expressions, or future or conditional verbs such as "will,"
"would," "should," "could," "may," or similar expressions. Numerex cautions
that these forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time. These forward-looking
statements speak only as of the date of this press release, and Numerex
assumes no duty to update forward-looking statements. Actual results could
differ materially from those anticipated in these forward-looking statements
and future results could differ materially from historical performance.

The following factors, among others, could cause actual results to differ
materially from forward-looking statements or historical performance: our
inability to reposition our platform to capture greater recurring service
revenues; the risks that a substantial portion of our revenues are derived
from contracts that may be terminated at any time; the risks that our
strategic suppliers materially change or disrupt flow of products and/or
services; variations in quarterly operating results; delays in the
development, introduction, integration and marketing of new machine-to-machine
(M2M) products and services; customer acceptance of services; economic
conditions resulting in decreased demand for our products and services; the
risk that our strategic alliances and partnerships and/or wireless network
operators will not yield substantial revenues; changes in financial and
capital markets, and the inability to raise growth capital; the inability to
attain revenue and earnings growth in our data business; changes in interest
rates; inflation; the introduction, withdrawal, success and timing of business
initiatives and strategies; competitive conditions; the inability to realize
revenue enhancements; and extent and timing of technological changes. Numerex
SEC reports identify additional factors that can affect forward-looking

Numerex Corp Contact:
Alan Catherall
770 485-2527

Investor Relations Contact:
Seth Potter
646 277-1230

SOURCE Numerex Corp

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