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Monitronics International, Inc. (SCTY)

Other OTC - Other OTC Delayed price. Currency in USD
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8.200.00 (0.00%)
At close: 9:43AM EDT
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Previous close8.20
Open8.20
BidN/A x N/A
AskN/A x N/A
Day's range8.20 - 8.20
52-week range1.00 - 15.25
Volume142
Avg. volume5,380
Market cap184.5M
Beta (5Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)-8.08
Earnings date12 Nov 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Brinks Home Security Strengthens Executive Leadership Team With Appointment of Chief Commercial Officer
    GlobeNewswire

    Brinks Home Security Strengthens Executive Leadership Team With Appointment of Chief Commercial Officer

    DALLAS-FORT WORTH, Texas, Feb. 17, 2021 (GLOBE NEWSWIRE) -- Monitronics International, Inc. and its subsidiaries (doing business as Brinks Home Security TM), (“Brinks Home Security” or the “Company”), a home security and alarm monitoring company, today announced the appointment of Kelly Atkinson as Chief Commercial Officer, effective March 1, 2021. “We are thrilled to have an executive of Kelly’s caliber join our executive leadership team," said Brinks Home Security CEO, William Niles. “Kelly’s experience and depth of knowledge in sales and marketing, product launch and business model innovation will be instrumental as we execute on our commercial strategy and deliver on our commitment to a superior customer experience built around the Brinks Home Security brand. We look forward to her contributions." Ms. Atkinson joins Brinks Home Security from Charter Communications, where she was Head of Marketing for Consumer and SMB. While at Charter, she oversaw the Company’s digital sales channel and delivered over 38% of new customers in 2019. Ms. Atkinson was also responsible for prospect and customer communication and retention programs to drive improved customer value and successfully launched the Company’s wireless business and grew it to more than one million customers in the first year. Prior to this, Ms. Atkinson worked for Rogers Communications and Time Warner Cable in senior leadership roles, where she was instrumental in developing markets, growing revenue, and improving customer relationships. She also worked for Citi and Discover earlier in her career. Ms. Atkinson holds a Bachelor of Arts degree in Business, Communications and Marketing from Villanova University. She has also received numerous awards for her leadership and dedication to excellence. “I am very excited to be joining Brinks Home Security at such a transformational moment for the business,” said Ms. Atkinson. “I look forward to working with Bill, along with such an impressive leadership team, to build many more new customer relationships for the iconic and well-respected Brinks Home Security Brand.” About Brinks Home Security Brinks Home Security is one of the largest home security and alarm monitoring companies in North America. Headquartered in the Dallas-Fort Worth area, Brinks Home Security secures over 900,000 residential and commercial customers through highly responsive, simple security solutions backed by expertly trained professionals. The company has one of the nation’s largest networks of independent authorized dealers and agents – providing products and support to customers in the U.S., Canada, and Puerto Rico – as well as direct-to-consumer sales of DIY and professionally installed products. Contact: Erica BartschSloane & Company212-446-1875ebartsch@sloanepr.com

  • GlobeNewswire

    Brinks Home Security Announces Plans to File Form 15 and Deregister

    DALLAS-FORT WORTH, Texas, Jan. 25, 2021 (GLOBE NEWSWIRE) -- Monitronics International, Inc. and its subsidiaries (doing business as Brinks Home Security ™), (“Brinks Home Security” or the “Company”) (OTC: SCTY), a home security and alarm monitoring company, today announced that it intends to voluntarily deregister its common stock under the Securities Exchange Act of 1934. The Company intends to file post-effective amendments to its outstanding registration statements on Form S-3 and S-8 to deregister unsold securities thereunder, with the U.S. Securities and Exchange Commission (the “SEC”) no earlier than February 1, 2021. Immediately upon effectiveness of such amendments, the Company intends to file a Form 15 with the SEC. As a result, the Company’s obligation to file current and periodic reports under the Exchange Act will be automatically suspended in accordance with applicable SEC rules. The Company is deregistering because it believes that its public company reporting requirements do not provide a discernable benefit to the Company and is not in the best long-term interest of its shareholders. Following the delisting, the Company anticipates that its common stock will be quoted on the OTC Pink Open Market (the “Pink Sheets”), a centralized electronic quotation service for over-the-counter securities, so long as market makers demonstrate an interest in trading in the Company’s common stock. However, the Company can give no assurance that trading in its common stock will continue on the Pink Sheets or any other securities exchange or quotation medium. About Brinks Home Security Brinks Home Security (OTC: SCTY) is one of the largest home security and alarm monitoring companies in North America. Headquartered in the Dallas-Fort Worth area, Brinks Home Security secures over 900,000 residential and commercial customers through highly responsive, simple security solutions backed by expertly trained professionals. The company has one of the nation’s largest networks of independent authorized dealers and agents – providing products and support to customers in the U.S., Canada, and Puerto Rico – as well as direct-to-consumer sales of DIY and professionally installed products. Forward-Looking Statements This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of our services, technological innovations in the alarm monitoring industry, competitive issues, continued access to capital on terms acceptable to us, our ability to capitalize on acquisition opportunities, general market and economic conditions, including global economic concerns due to the COVID-19 pandemic, and changes in law and government regulations. These forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to Monitronics International, Inc.’s most recent filings with the Securities and Exchange Commission, including the most recent Forms 10-K and 10-Q for additional information about us and about the risks and uncertainties related to our business which may affect the statements made in this press release. Contact: Erica BartschSloane & Company212-446-1875ebartsch@sloanepr.com

  • Brinks Home Security Announces Bulk Acquisition of Residential and Commercial Alarm Monitoring Contracts
    GlobeNewswire

    Brinks Home Security Announces Bulk Acquisition of Residential and Commercial Alarm Monitoring Contracts

    Transaction Further Validates Low Cost Earn Out Structure, Largely Mitigating Attrition RiskDALLAS-FORT WORTH, Texas, Dec. 24, 2020 (GLOBE NEWSWIRE) -- Monitronics International, Inc. and its subsidiaries (doing business as Brinks Home Security®), (“Brinks Home Security” or the “Company”) (OTC: SCTY) today announced that it has acquired approximately 30,000 residential and small business and 8,000 large commercial alarm monitoring contracts from Select Security (the “seller”) totaling approximately $2.0 million in recurring monthly revenue (“RMR”). Brinks Home Security will take ownership of the alarm monitoring contracts through an earn out structure that includes a $10 million upfront payment and a 50-month earn out period (“Earn Out Period”). Per the terms of the transaction, the seller will transfer title to all accounts to a Special Purpose Vehicle (“SPV”). Title to the Accounts will be transferred from the SPV to Brinks Home Security periodically during the Earn Out Period with title to all Accounts transferred by Month 50. In addition to the accounts, Brinks Home Security is retaining the majority of Select Security’s Commercial Sales, Field Technicians, and Customer Service employees, as well as certain office locations to offer the highest level of service to these customers. For 90 days following close, the seller will provide certain transition services to Brinks Home Security, and following the transition period, Brinks Home Security will manage all aspects of the customer experience.“We are excited about the value this transaction creates and its alignment with our core objective of “creating profitable accounts at scale and holding for life”, while also opening the door for similar opportunities in the future,” said Brinks Home Security Chief Executive Officer, William Niles. “I am also thrilled to welcome the Select Security sales organization, technicians and customer care employees to the Brinks Home Security family. I look forward to integrating them into our customer-centric culture that serves as the guiding force behind all key decisions in our organization. We are also excited to expand our footprint into the large commercial security segment and to bring Brinks Home Security’s high-touch customer service to the entire Select Security customer base.”  Imperial Capital served as the exclusive financial advisor to Brinks Home Security in the transaction.About Brinks Home SecurityBrinks Home Security (OTC: SCTY) is one of the largest home security and alarm monitoring companies in North America. Headquartered in the Dallas-Fort Worth area, Brinks Home Security secures over 900,000 residential and commercial customers through highly responsive, simple security solutions backed by expertly trained professionals. The company has one of the nation’s largest networks of independent authorized dealers and agents – providing products and support to customers in the U.S., Canada, and Puerto Rico – as well as direct-to-consumer sales of DIY and professionally installed products.Forward Looking StatementThis press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies, market potential and expansion, the success of new products and services, the launch of Brinks Home Security's consumer financing solution; the anticipated benefits of the Brinks Home Security’s rebranding; customer retention; account creation and related cost; anticipated account generation; future financial performance; debt refinancing; recovery of insurance proceeds and other matters that are not historical facts. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of our services, technological innovations in the alarm monitoring industry, competitive issues, continued access to capital on terms acceptable to us, our ability to capitalize on acquisition opportunities, general market and economic conditions, including global economic concerns due to the COVID-19 outbreak, and changes in law and government regulations. These forward-looking statements speak only as of the date of this press release, and we expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of Monitronics International, Inc., including the most recent Forms 10-K and 10-Q for additional information about us and about the risks and uncertainties related to our business which may affect the statements made in this press release.Contact:Erica Bartsch Sloane & Company 212-446-1875 ebartsch@sloanepr.com