Alanco/TSI PRISM Issues Commitment Clarification for Puerto Rico Prison Project

Alanco Technologies, Inc. (NASDAQ: ALAN), today issued a clarification to an Alanco press release issued July 17, 2008. Greg M. Oester, President of Alanco/TSI PRISM, Inc., stated, “Our current contractual relationship with the Weil Group requires Alanco/TSI PRISM to provide an RF design and firm pricing commitment for installing a TSI PRISM RFID system at the Bayamon 501 prison facility operated by the Puerto Rico Department of Corrections (DOC) in exchange for a design fee. The RF design and pricing commitment is required by the Puerto Rico DOC as part of its process to determine if it will move forward with the project. The DOC has not issued a contract or a commitment to install an RFID system at any facility at this time. We regret any confusion our previous release may have caused.” Alanco Technologies, Inc. (NASDAQ:... [read full story]