Numerex Corp. (Nasdaq: NMRX), a single source provider of secure machine-to-machine (M2M) products and services, has repaid all but US$500 thousand of its remaining US$2 million of long-term structured debt, the balance of which is scheduled to be paid on January 29, 2010. Part of the transaction included a conversion of US$1.047 million of its debt into an aggregate of 225,296 shares of Class A Common Stock. In connection with the conversion, Numerex will also be writing-off all unamortized financing costs related to the debt reduction. This non-cash expense is approximately US$120,000 and will be reported in our fourth quarter results.