Electric Guard Dog’s RMR surpasses $2m mark

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Friday, February 7, 2014

COLUMBIA, S.C.—Electric Guard Dog’s recurring monthly revenue is more than $2 million, a 17 percent increase over RMR at the end of 2012, the company announced Feb. 6. 

Company CFO Nathan Leaphart said the growth is a result of getting the word out about the company’s electric perimeter security service.

In a prepared statement, CEO Jack DeMao said, "We've raised brand awareness by hiring outside sales representatives to foster direct, personal relationships with our customers, we've invested in trade shows and associations in all six of our major vertical markets, and we've become active sponsors and members of cargo theft task forces."

Electric Guard Dog anticipates 40 percent greater net RMR in 2014 versus 2013, according to the statement. Electric Guard Dog provides electric security fences.