NEW YORK, March 10, 2008 (PRIME NEWSWIRE) -- Roy Jacobs & Associates announces that it is investigating possible securities violations relating to recent revelations by RemoteMDx Inc. (OTCBB:RMDX), which revealed ballooning operational and research and development expenses. Questions were also raised as about the sales of its products to at least one of its largest customers. As a result, the Company's shares dropped over 50 percent on greatly increased trading volume. Thereafter, the Company revealed problems with its key product, and disclosed that it had been forced to replace a large number of its GPS tracking units with updated units, apparently for free, adding to its expense burden.
The Company's prior releases failed to reveal the true financial picture of the Company, including its need to replace numerous units of its key product.
If you purchased RMDX from August 14, 2007, through February 13, 2008, and are interested in discussing your rights free of charge, please contact Roy L. Jacobs. Mr. Jacobs will speak with you personally at no cost or obligation.