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reported that the company is confident, based on the support agreement reached with its largest creditors, that it will be able to meet its financial commitments and otherwise continue to operate its business as usual throughout the restructuring period, including paying its employees, dealers and suppliers in the normal course of business and providing home security to all of its customers. As part of the anticipated chapter 11 process, the company has secured a commitment for $245 million in debtor in possession DIP financing that will be replaced by $295 million in exit financing at the completion of the reorganization. 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.

Posted by Anonymous at 3:19PM | (2 comments)

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96, which is designed for small homes and focuses solely on basic home security, includes the base station, a wireless keypad, one motion sensor, one entry sensor, and the yard sign and decals. If you want to add one or more SimpliCam security cameras the system supports up to four, they're $99 each. And the Video Doorbell Pro is an integrated 1080p smart doorbell with camera that you can add for $169. Currently, SimpliSafe doesn't offer any packages that include cameras or the doorbell. they're add ons. Setup requires placing the base station in a central location within 400 feet of your sensors and 100 feet of your keypads, and plugging in the included power cord. The new base station integrates a 802. 11n 2. 4GHz Wi Fi radio, adding another layer of connectivity with SimpliSafe's monitoring service. The Wi Fi is a boon for those living in rural areas who wouldn't be able to use the monitoring service because of patchy cellular coverage. If you're concerned about IoT threats, you don't have to connect SimpliSafe to your Wi Fi network, the monitoring works just fine without it, though you won't receive firmware updates.

Posted by Anonymous at 3:19PM | (2 comments)

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Posted by Anonymous at 3:19PM | (1 comments)