Numerex Acquires Ublip - Expands M2M Capabilities

October 10, 2008 — Numerex Corp. (NASDAQ: NMRX), a leading provider of full-service, highly secure machine-to-machine (M2M) network services and solutions, today announced it has acquired Ublip Inc., a fast growing privately-held M2M software and services company headquartered in Dallas, Texas. The Ublip infrastructure and software enable the rapid creation of Web-based M2M applications that are device-independent and can function across diverse operating systems. Ublip's systems, operations, and its virtual hosting architecture will be fully integrated into existing Numerex infrastructure, creating a seamless M2M platform capable of serving multiple vertical markets.

"Facing these challenging economic conditions, this is no time to sit still. We believe this acquisition will immediately and significantly improve our M2M business development prospects and create new and distinct competitive advantages", noted Stratton Nicolaides, CEO and chairperson of Numerex.

While Numerex has not yet finalized its third quarter results, revenues are expected to exceed $18.7 million representing a growth rate of 7.5percent. Numerex will report more than 690,000 active network connections as of September 2008 representing a growth rate of 11.8 percent. Additionally, Ublip's founder, Dr. Jeffrey O. Smith, will join the Numerex executive management team as Chief Technology Officer and will head the Science and Technology Committee.