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The support agreement contemplates that all trade claims whether arising prior to or after the commencement of the voluntary chapter 11 cases will be paid in full in the ordinary course of business, and that the company will continue operating its business without disruption to its customers, vendors, partners or employees. Ascent will, subject to, among other things, the receipt of the requisite approval of Ascent’s stockholders, merge into Monitronics. As a result of the merger, all assets of Ascent, including an anticipated approximately $23 million in cash, will become assets of Monitronics. Ascent’s stockholders are expected to receive approximately up to 5. 82 percent of the total shares of Monitronics common stock expected to be issued and outstanding immediately following completion of the reorganization and merger, but subject to dilution by certain shares issued under a management incentive plan for the company, in exchange for all then issued and outstanding shares of Ascent common stock. If, however, Ascent is expected to hold cash equal to or in excess of $20 million but less than the target cash amount as of the date of completion of the reorganization of Monitronics under the plan, the stockholders of Ascent will receive a proportionately lower percentage of shares of Monitronics common stock, and certain participants in the equity rights offering have agreed to contribute the shortfall.

Posted by Anonymous at 3:19PM | (7 comments)

home alarm system

One third of German broadband households prefer a home security company to provide connected home monitoring equipment and services. Utilities are the second most preferred provider but do not score more than 20% of households among any European country. From the article, "1/3 of German households prefer a home security company to provide home monitoring equipment. " Parks Associates today announced the new report IP Home Management Services in Europe, which focuses on the European market for residential home monitoring and control solutions, including an analysis of new channel entrants, vendors, and technology providers. This industry report provides a thorough analysis of the European market for IP based home systems and management services and examines business models for utilities, service providers, and security companies. "Adoption of broadband and connected devices provides conduits for many new applications into the home and different means to connect with consumers," said Tom Kerber, Director, Research, Home Controls and Energy, Parks Associates. "Overall, European consumers rank traditional security capabilities high among their preferred connected home features, followed by energy management features. The diversity of consumer preferences among European countries opens the market for different business models and channel strategies. "The report notes that energy management is very popular in Denmark, where electricity costs are high. In the U. K.

Posted by Anonymous at 3:19PM | (6 comments)

security system denver

Whether you decide to go with a DIY system or opt for a professionally installed system, you'll have to pay a monthly or annual fee if you require monitoring, and in some cases, you'll be hit with a monthly fee to pay off the cost of hardware components. With most DIY systems, such as the SimpliSafe Home Security Kit, the Ring Alarm Security Kit, and the Nest Secure, you purchase the hardware outright and can avoid any monthly fees if you decide to self monitor. If you add monitoring, fees will vary: SimpliSafe charges $14. 99 per month for its no contract monitoring service, while Nest charges $29 per month. If you commit to a three year contract, the price of the Nest service drops to $19 per month. Ring's Protect Plus plan goes for $10 per month and doesn't require a contract. Monitoring for professionally installed systems tends to be more expensive. The ADT Pulse monitoring service starts at $28. 99 per month and requires a three year contract, but you also have to figure in the cost of things like hardware components, cellular backup, and installation. When we reviewed the Pulse system, our upfront cost was more than $3,000, with a monthly fee of over $60. Some vendors, such as LifeShield, will let you buy the components outright or lease them.

Posted by Anonymous at 3:19PM | (7 comments)