American Rounds will include for sale in all of their machines the GunAlert lock and recovery gun safety device and will dispense at no charge a gun safety and information kit provided by Walk the Talk America (WTTA). 

American Rounds currently operates in Texas, Oklahoma, Colorado and Alabama with plans to expand to other states throughout 2025 with further expansion through 2026. With each machine capable of dispensing up to 55 SKU’s from a variety of different brands and product lines ranging from ammunition, mag loaders, optics, firearm cleaning supplies and gun safety products and services such as GunAlert. 

“We currently have a roadmap to rollout hundreds of machines this year with demand for several thousand and we believe that MetAlert’s products and mission are in sync with American Rounds to bring technology, value and safety to all responsible law-abiding firearm owners.” said, American Rounds CEO, Grant Magers.

“Since signing our collaboration agreement, we have been working alongside American Rounds creating video marketing content, which will be displayed on every machine, and getting the right packaging in place in order to properly dispense.   We are excited to partner with a company like American Rounds that fully aligns with our core values of utilizing technology to deliver security, innovation and convenience direct to the 2A community.” Stated MetAlert CEO Patrick Bertagna.

GunAlert created by stakeholders with a stated mission to help reduce firearm tragedies and ensure gun safety utilizing technology that supports responsible gun ownership. GunAlert combines a steel cable gun lock, sensitive motion detector, and a GPS/Cellular tracker into a small security theft notification and recovery device.

The patented technology is sensitive enough to alert you as soon as your gun is moved, and through the GunAlert app (Android and iOS) you can securely view your gun’s exact location and monitor all unauthorized movements. GunAlert has strong support from the 2A community, Law Enforcement, and non-profits like The American Legion / Be the One and WTTA.

Every two minutes a gun is stolen in the U.S. and approximately 132 people die every day from a firearm-related injury, so when seconds count, having information and technology easily accessible can mean the difference between life and tragedy.

Patrick Bertagna, concluded with, “We are committed to providing practical and affordable solutions that saves lives, and by working with like-minded companies and organizations such as American Rounds and WTTA we know our collective strengths we will make a difference in reducing unnecessary gun related tragedies without infringing on anyone’s rights to carry but rather by promoting a message of responsibility and accessibility through technology.”  

About American Rounds 

American Rounds, LLC founded in 2023, is a pioneering Texas based company created to fill the growing void in the retail ammunition market. This has been accomplished by strategically partnering with technology partners to develop the Automated Ammo Retail Machine (AARM). Our Mission is to empower individuals with convenient access to ammunition, while prioritizing safety, security, and the second amendment.

For more information, sales inquiries or learn about our franchise opportunities connect with American Rounds:

• Email: info@americanrounds.com 
• IG: @americanrounds https://www.instagram.com/americanrounds/?hl=en
• LinkedIn: https://www.linkedin.com/company/american-rounds

About Walk the Talk America 

Walk the Talk America is a non-profit 501(c)(3) dedicated to bridging the gap between mental health and responsible gun ownership. Its mission is to enhance the perception of mental health among gun owners while elevating the standard of mental health care within this community. Walk the Talk America is uniquely positioned as an organization that integrates the wisdom of gun-owning mental health professionals, offering innovative solutions derived from real-world experiences.

If this is your first time hearing about WTTA, here are some popular links to learn more:

• About Us
• Resources
• Free and Anonymous Mental Health Screenings

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

LOS ANGELES, CALIFORNIA – October 24, 2024 — “ MetAlert , Inc. (OTC: MLRT), renowned for its safety and security solutions through GPS wearable monitoring technology and asset recovery technology, announced today the launch of a new firearm safety certification program under their Level2 Security GunAlert® brand.

Dubbed Secure All Firearms Effectively (“S.A.F.E.”) the program offers firearm safety instructors across North America the opportunity to introduce a new generation of responsible gun ownership and lifesaving technology directly to their students.

“With approximately 116,000 NRA Certified Instructors and Range Safety Officers nationwide, and thousands of independent instructors collectively reaching millions of firearm owners annually, we wanted to empower these instructors to meet firearm owners where they are and when they are thinking most about responsible gun ownership and storage,” stated Patrick Bertagna, MetAlert CEO.
“There are an estimated 4.6 million children living in a home with an unsecured loaded weapon and 36% of children have handled their parents’ guns without their knowledge. While at the same time, new gun sales are skyrocketing with the majority being first time gun owners. Naturally, by introducing an innovative, advanced, and patented technology solution like GunAlert to new gun owners, from certified instructors, is the perfect direct to consumer channel for us,” stated Kevin La Rue, MetAlert Marketing Director. “If you’re a parent with children in the house, or carry your firearms in your car, or a myriad of other situations where your gun is not in your line of sight, GunAlert and its monitoring service provides that invaluable peace of mind,” continued La Rue.

The S.A.F.E. program provides firearm safety instructors the ability to teach about new groundbreaking gun safety and storage technology, offer a discount to their students on any GunAlert purchase, and participate in a revenue share or affiliate compensation on both unit sales + referrals to other instructors, all while expanding their certified instructor credentials and being on the leading edge of firearm safety.

The 3-in-1 GunAlert safety solution was created by gun owners with gun safety as a top priority. It incorporates a 14-inch steel cable lock with GPS/Cellular technology, that supports responsible gun ownership and helps prevent unnecessary firearm tragedies. This patented technology is sensitive enough to alert you as soon as your gun is moved, and through the GunAlert app (Android and iOS) you can securely view your gun’s exact location and monitor all unauthorized movements if the gun is stolen. GunAlert has strong support from the 2A community, Law Enforcement, and non-profits like The American Legion / Be the One, and Walk the Talk America.

To learn more about the S.A.F.E. program go to www.metalert.shop/safe

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

Thanks for tuning into IOT Connect where we’re covering the most interesting topics, trends, and news around the internet of things. IOT Connect is brought to you by TEAL, a wholly owned, patented eSIM platform that connects any IoT device, onto any network around the world.

This episode highlights innovative real-time tracking technologies designed in practical formats, such as GPS-enabled insoles and MetAlert’s new gun tracking solution, aimed at saving lives and enhancing the safety of our communities.

In this episode, we cover:

– The founding story and mission of MetAlert

– Key solutions that protect communities globally

– Challenges MetAlert addresses for its customers

– The critical importance of connectivity in IoT

– Future technologies and market expansions in IoT

You don’t want to miss this episode! Tune in and have a listen! Check out the IoT Connect podcast page to listen to more episodes with interviews with the leading names in IoT and telecom! >> IoT Connect Podcast 

As part of the MOU, MetAlert and American Rounds will further advance responsible gun ownership and gun safety.  American Rounds will include for sale in all of their machines the GunAlert lock and recovery device and will dispense at no charge a gun safety and information kit provided by Walk the Talk America (WTTA). 

American Rounds currently operates in Texas, Oklahoma and Alabama with plans to expand to other states by mid-2025 with further expansion through 2026. “At our core American Rounds is committed to the creation of a safer environment for all communities while standing firm behind the 2^nd amendment. “We believe that MetAlert’s products and their values are in sync with American Rounds and are a wise strategic growth partner to bring value and safety to all responsible law-abiding firearm owners.” said, American Rounds CEO, Grant Magers

“The partnership with American Rounds is an exciting breakthrough in gun safety through our proven technology combined with national distribution direct to the consumer, while delivering security, innovation and convenience.” Said MetAlert CEO Patrick Bertagna.

GunAlert created by gun owners with gun safety as a top priority incorporates technology that supports responsible gun ownership and helps prevent unnecessary firearm tragedies. GunAlert is a motion sensitive combination cable lock with GPS and cellular, theft notification and recovery technology. The patented technology is sensitive enough to alert you as soon as your gun is moved, and through the GunAlert app (Android and iOS) you can securely view your gun’s exact location and monitor all unauthorized movements. GunAlert has strong support from the 2A community, Law Enforcement, and non-profits like The American Legion / Be the One and WTTA.

“This partnership is a game-changer! By combining MetAlert’s life-saving technology with the WTTA Safety Information Kit, distributed directly to consumers through American Rounds’ innovative secure Kiosk approach, we are setting a new standard for responsible gun ownership and safety.” Commented Michael Sodini, Chairman of the Board and CEO of Walk the Talk America. 

Every two minutes a gun is stolen in the U.S. and approximately 132 people die every day from a firearm-related injury, so when seconds count, having information and technology easily accessible can mean the difference between life and tragedy.

Patrick Bertagna, concluded with, “We are committed to providing practical and affordable solutions that saves lives, and by working with like-minded companies and organizations such as American Rounds and WTTA we are encouraged that by combining our collective strengths we will make a difference in reducing unnecessary gun related tragedies without infringing on anyone’s rights to carry but rather by promoting a message of responsibility and accessibility.” 

About American Rounds 

American Rounds, LLC founded in 2023, is a pioneering company created to fill the growing void in the retail ammunition market. This has been accomplished by strategically partnering with technology partners to develop the Automated Ammo Retail Machine (AARM). Our Mission is to empower individuals with convenient access to ammunition while prioritizing safety and security.

About Walk the Talk America 

Walk the Talk America is a non-profit 501(c)(3) dedicated to bridging the gap between mental health and responsible gun ownership. Its mission is to enhance the perception of mental health among gun owners while elevating the standard of mental health care within this community. Walk the Talk America is uniquely positioned as an organization that integrates the wisdom of gun-owning mental health professionals, offering innovative solutions derived from real-world experiences.

If this is your first time hearing about WTTA, here are some popular links to learn more:

• About Us
• Resources
• Free and Anonymous Mental Health Screenings

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

“I am incredibly excited about this collaboration. Not only will it bring us a valuable partnership that values responsible gun ownership, but it will also allow us to make a real impact in reducing the negative outcomes of firearms by combining the experience and expertise of our two organizations.” Says Michael Sodini, Chairman of the Board and CEO of Walk the Talk America. 

“It’s a great honor to be part of this community that dedicates resources, brain trust and technology to providing gun safety and responsible gun ownership solutions. We are very excited to collaborate with WTTA, engage stakeholders, and have the opportunity to speak on Firearm Safety, at the Be the One Symposium.” Stated MetAlert CEO Patrick Bertagna.

In 2021, The American Legion launched it’s Be The One platform with the goal of destigmatizing veterans asking for help, thereby creating an opportunity for those with mental health issues to speak freely and to seek out the support they need. It is OK to not be OK. The Be the One Symposium will feature panel discussions and other forums to dive deeper into the topic of mental health and suicide.

Created by gun owners with gun safety as a top priority, GunAlert provides technology that supports responsible gun ownership and helps prevent unnecessary firearm tragedies. GunAlert is a motion sensitive combination cable lock with GPS and cellular theft notification and recovery technology. The patented technology is sensitive enough to alert you as soon as your gun is moved, and through the GunAlert app (Android and iOS) you can securely view your gun’s exact location and monitor all unauthorized movements. GunAlert has strong support from the 2A community, Law Enforcement, and non-profits like The American Legion / Be the One and WTTA. Every two minutes a gun is stolen in the U.S. and approximately 132 people die every day from a firearm-related injury, so when seconds count, GunAlert can mean the difference between life and tragedy.

Patrick Bertagna, concluded with, “MetAlert’s commitment to saving lives and enhancing safety through technological innovation remains unwavering and we look forward to making GunAlert an integral component to nationwide comprehensive gun safety solutions.

Walk the Talk America is a non-profit 501(c)(3) dedicated to bridging the gap between mental health and responsible gun ownership. Its mission is to enhance the perception of mental health among gun owners while elevating the standard of mental health care within this community. Walk the Talk America is uniquely positioned as an organization that integrates the wisdom of gun-owning mental health professionals, offering innovative solutions derived from real-world experiences.

If this is your first time hearing about WTTA, here are some popular links to learn more:

• About Us
• Resources
• Free and Anonymous Mental Health Screenings

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

MetaAlert anticipates that by partnering with Skyangel, a company that is dedicated to providing top-tier security solutions across North and Central America, with a dedicated team of over 200 security agents operating 24/7, servicing over 850 corporate clients, including global giants like Mabe and DHL Supply Chain, will expand its SmartSole market share into the security market across Mexico and Latin America.

In addition, MetAlert is conducting trials for its GPS SmartSoles in Spain, Portugal and The Netherlands. The evaluation trials have been successfully ongoing since the beginning of the year with Spain finishing up and getting ready to launch soon.

Spain and Portugal are deemed to be important strategic territories for the SmartSoles as both these countries have a high population of retired seniors. Spain having close to 10 million seniors, approximately 20% of the total population and close to 1 million British retirees. In addition to the Brits, tens of thousands of Europeans look towards these 2 countries as a place to retire, with Portugal’s senior population representing close to 30% of the entire population. The Netherlands has approximately 850,000 retirees and seniors over 80, with a considerable portion affected by dementia and Alzheimer’s. The growing number of seniors across these countries which provide robust healthcare services, low cost of living and comfortable climate are very comforting to the needs of this demographic making them an increasingly attractive territory for selling SmartSoles.

“We are excited to have formulated relationships in these four countries with excellent partners that focus on security solutions and providing innovative digital solutions to support seniors and enhancing quality of life through digital remote patient monitoring, fall prevention devices, and physical rehabilitation plans,” commented Andrew Duncan, MetAlert Director. 

The Global Wearable Medical Devices Market is driven by the growing geriatric population which is susceptible to various chronic diseases. This has drastically increased the patient pool across the globe requiring diagnosis, treatment, and monitoring of their health conditions. MetAlert is committed to implementing technological advancements and adoption of AI, IoT, BLE, NFC and other technologies into its GPS SmartSole plus platform to bring about innovations in the wearable device industry, thereby propelling the market growth over the next decade.

“The success of these trials is part of our overall commitment to expanding our distribution into countries that have a growing demand for our products, and on the heels of signing our agreement with TEAL Communications which will be instrumental in providing mission critical connectivity across the globe for us,” stated MetAlert CEO, Patrick Bertagna.

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

TEAL’s patented, GSMA certified eSIM technology connects any compatible device onto any data network worldwide. With more network operator agreements than any other connectivity provider, TEAL provides the flexibility and control to remotely switch between networks, ensuring the highest level of reliability and performance for any internet of things (IoT) deployment.

“We’re thrilled to support MetAlert in their mission to promote safety globally. With this collaboration, MetAlert customers will benefit from uninterrupted, always-on operation, ensuring their tracking devices stay connected to the best networks, wherever they are located. At TEAL, we pride ourselves on overcoming complexities and enabling rapid, hassle-free access to global data networks. We’re proud to support MetAlert in delivering reliable and secure connections across top-tier networks, bolstering their efforts to safeguard communities worldwide,” said Robby Hamblet, TEAL CEO.

Created with gun safety as a priority, GunAlert is a motion sensitive combination cable lock with GPS and cellular theft alert and recovery technology. The patented technology is sensitive enough to alert you as soon as your gun is moved, and through the GunAlert app (Android and iOS) you can securely view your gun’s exact location and monitor all unauthorized movements. Every two minutes a gun is stolen in the U.S. and approximately 132 people die every day from a firearm-related injury, so when seconds count, GunAlert can mean the difference between life and tragedy.

MetAlert’s GPS SmartSole plus is the world’s first invisible tracking and monitoring device used to monitor cognitively impaired individuals. It is now available in more than 35 countries and uses cellular networks to communicate with the cloud and send alerts to either a mobile app or online portal, enabling the location of the wearer to be tracked for successful recovery in the event of an elopement.

“The TEAL partnership is a critical component for the launch of our GunAlert and global rollout of our SmartSole plus. This level of 4G and NB-IoT connectivity is very valuable to MetAlert. Not only do we need to have our devices operate seamlessly across the globe but, due to the critical lifesaving aspect of our solutions, we also require the highest level of security and priority on local networks and Teal provides that enhanced level of service for our customers,” commented Patrick Bertagna, MetAlert CEO.

Simplified global deployment is crucial to MetAlert, which ships its SmartSoles across the world and expects to do the same with its GunAlert solution. The TEAL connectivity management platform provides native connectivity onto AT&T, T-Mobile and Verizon with access to connect onto thousands of networks in 196 countries, which means MetAlert no longer has to worry about dealing with different providers in different geographies; instead, connectivity is managed via one contract.

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

“We are excited to enter into this relationship with Global Securidad and Fisio Technology as they address two key market sectors for our SmartSole business. One in the area of personal safety which in certain parts of the world is a daily concern, and the other in the elderly population showing signs of cognitive decline, such as Alzheimer’s and dementia, whereby patients frequently can become disoriented, wander off and go missing,” commented Andrew Duncan, MetAlert Director. 

“We are pleased to partner with MetAlert as we rapidly ramp up our business activities. We recognize the unique technological properties of this tracking and monitoring solution, which is discretely hidden to the user and others,” said Christian Cherrez, President of Fisio Technology and Global Securidad. 

The Global Wearable Medical Devices Market is driven by the growing geriatric population which is susceptible to various chronic diseases. This has drastically increased the patient pool across the globe requiring diagnosis, treatment, and monitoring of their health conditions. This in turn is expected to increase the demand for various wearable medical devices used for health monitoring and diagnosis thereby positively influencing the market growth over the next few years.
MetAlert is committed to implementing technological advancements and adoption of AI, IoT, BLE, NFC and other technologies into its GPS SmartSole plus platform to bring about innovations in the wearable medical device industry, thereby propelling the market growth over the next decade.

About Global Seguridad S.A.

GLOBAL SEGURIDAD S.A, is a privately owned personal security business offering VIP clients 24/7 monitoring and video surveillance with armed response in case of break of entry, kidnappings, and security related activities. The company currently has 10 employees growing to 30 in 2024.

About Fisio Technology 

Fisio Technology, originally established in 2017 and currently with 12 employees, provides the latest physiotherapy treatments for a variety of illnesses but in particular for Alzheimer’s and Dementia patients. The company provides a complete range of physiotherapy treatments including the latest technology working with AI and diamagnetic technology. 

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

Disclaimer: MetAlert does not warrant or represent that the unauthorized use of materials drawn from this document’s content will not infringe the rights of third parties who are not owned or affiliated by MetAlert. Further, MetAlert cannot be held responsible or liable for the unauthorized use of this document’s content by third parties unknown to the company.

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Three Month Financial Highlights

• Overall Revenue increased 27% over 2022 comparable period. 
• Wages and benefits decreased 5% over 2022 comparable period.
• Professional fees reduced by 24% over 2022 comparable period.
• Operating Expense were down 10% over the 2022 comparable period.
• Cash on hand increased 343% over 2022 comparable period.
• Inventories increased 182% over 2022 comparable period, as we ramped up production of SmartSoles and added the Level 2 Security product line.
• Total assets increased 226% over 2022 comparable period. 

Management commentary by Patrick Bertagna, MetAlert, Inc. CEO:

During the third quarter 2023, we took transformative steps to broaden our product line and add new markets in order to increase our revenues and subscriptions. We successfully acquired Level 2 Security LLC, which we merged into our new 100% wholly owned subsidiary Level 2 Security Products, Inc. Management believes, this was a formidable step in solidifying the financial and operational position of the Company and encapsulates our vision to amplify recurring revenue streams while scaling the Company’s life-saving technology and IP portfolio. We also saw some positive trends such as a 27% increase in revenues compared to Q3 of 2022 and a 76% increase in revenues over the previous quarter in 2023. We also had our best ending cash position ($106,000) and asset value ($744,000) since 2021. Included in the acquisition came bank balances, Intellectual Property, approximately 3,700 units of ready to ship product inventory, digital collateral, an online and Amazon store, two smartphone apps, and an ongoing research and development roadmap for possible future new product releases. The strategic synergy from the acquisition enables us to expand our target market beyond those of humans with cognitive disorders and opens the doors to entirely new and much larger markets. The Level 2 proprietary technology can safeguard an extensive range of mobile assets, and by integrating this with MetAlert’s backend tracking portal and infrastructure, the Company envisions fiscal improvements in the near term. 

By tapping into vast new markets, this acquisition signifies a strategic investment in bolstering our short and long-term growth strategy and will broadly expand our reach into the arena of non-human asset tracking. This transaction represents a convergence of our core mission of delivering life-saving technology with a sharp focus on sustainable, long-term subscription-based revenue growth. The Company has started a marketing and product awareness campaign to gun activist groups, gun safety groups, police departments, child safety advocate groups, gun stores and ranges, military supply lines and plans to expand its marketing into other channels such as the growing electric bike market.

During the third quarter of 2023, we also made some advancements in our core human monitoring business. Our SmartSole plus was put through rigorous testing at Intertek labs, which concluded that the product is fully compliant, making them FCC and IEC certified. This enabled us to release some back orders from larger enterprise customers in Europe that required final certification documentation. We also saw some improvements in our production capacity and were able to streamline some manufacturing processes, thereby increasing our production quantities and enhancing our low inventory position. We were also able to leverage our OEM manufacturing in Germany and started to fill some orders in Europe and have some inventory sent to the US. Overall, we still have some supply chain issues, but this was the first quarter since the launch of the SmartSole plus that we saw noticeable improvements in lead times, increases in inventory and shortening our time from order to delivery by 2-3 weeks on average. As we discussed last quarter, we are still evaluating ways to scale up production in the U.S. and bring down our costs in order to increase our margins, with a stated mission to reduce costs by 10% to 18% and increase production capacity by 25% to 40%. Compared to the same quarter last year, we saw a 62% increase in domestic subscriptions and over 100% subscription increases in Germany and Canada. These are good trends, which the Company expects will continue as we continue to fill orders, but we still need to expand our markets, drive more sales, and increase subscriptions.

Within a few weeks of starting our GunAlert^®marketing campaign we received and delivered our first commercial order for the GunAlert^® firearm recovery device. The order came from Range USA which has 40+ locations across 10 states and is headquartered in Cincinnati Ohio. We have also sent out test units for evaluation to several police departments of which some have already replied back with interest, and some have provided compelling testimonials that we will be able to use in our marketing collateral. As with all of our products we sell both B2B and B2C and have already embarked on a direct-to-consumer marketing campaign across several social media platforms and Amazon.

The strategic timing for expanding into this market coincides well with the Office of Justice Programs (“OJP”) recent announcement of investing unprecedented resources in programs designed to reduce gun crime and community violence. Last September $100 million in grant funding was initiated under the Community Violence Intervention and Prevention Initiative making this the largest targeted federal investment for these strategies in history. As part of our go to market strategy we have brought on retired police officers that can assist us with messaging, and grant approval procedures, with our goal to become a recognized force and solution provider in the ever-growing national conversation on gun safety. 

During the third quarter, the Company continued to work on the launch of Hands Free Health (HFH) which provides real-time telehealth access via Walmart Health Virtual Care (WHVC). We expect this business silo will help grow subscribers but also help with the SmartSole expansion plan. As we drive towards Medicare reimbursement, having access to a virtual doctor who could diagnose a person with Alzheimer’s or dementia should help facilitate access to SmartSoles by people who require financial assistance.

In summary, we took several positive steps forward during this quarter, despite not meeting our revenue targets. In order to offset the lower revenues, the Company implemented many cost saving measures, including the entire senior management team deferring salaries, and cutting out all non-essential expenses by approximately 24% year-to-date. We have worked with all our suppliers to reduce unnecessary expenses related to production inefficiencies in order to position ourselves to maximize profits as we scale back up. 

The Company continues to work towards receiving Medicare and other government assistance for our SmartSole, which will then foster growth and build our subscription base, which we believe will ultimately provide us with a large global data base that can be analyzed by using artificial intelligence (A.I.) to produce predictive models. Healthcare assisted with A.I. is the prize we have set our sights on, and we are doing everything we can to put in place the necessary steps to get to that prize as quickly as possible.

MetAlert is a For-Profit with Purpose Company which has an extensive line of health & safety products, a broad patent portfolio, a proud U.S. military contractor and has multiple wearable tracking products sold through its online store, Amazon and authorized resellers and distributors servicing customers across the globe.

Forward Looking Statements

This news release contains forward-looking statements. The terms and phrases “expects,” “would,” “will,” “believes,” and similar terms and phrases are intended to identify these forward-looking statements. Forward-looking statements are based on estimates and assumptions made by MetAlert considering its experience and perception of current conditions and expected future developments, as well as other factors that MetAlert believes are appropriate in the circumstances. Many factors could cause MetAlert’s actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Certain risk factors that may cause actual results to differ are outlined in MetAlert’s Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission (which may be obtained on the SEC Website). These factors should be considered carefully, and readers should not rely on MetAlert’s forward-looking statements. MetAlert has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required.

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