CORRECTING AND REPLACING IASG Sets Date for Second Quarter 2006 Financial Release and Conference Call

Headline of release should read: IASG Sets Date for
Second Quarter 2006 Financial Release and Conference Call (sted xxx
First Quarter 2006 Financial Release and Conference Call).

   The corrected release reads:

   IASG SETS DATE FOR SECOND QUARTER 2006 FINANCIAL RELEASE AND
CONFERENCE CALL

   Integrated Alarm Services Group, Inc. (NASDAQ: IASG) will release
its second quarter financial results for fiscal year 2006 after the
market close on Wednesday, August, 9, 2006. The second quarter of
fiscal 2006 ended on June 30, 2006. A management conference call and
simultaneous webcast to discuss the second quarter results will be
held at 8:30 a.m. EDT on Thursday, August 10, 2006.
   Investors may participate in the conference call by dialing
800-291-9234 and entering the access code of 75011864 or by logging
onto the investor relations section of the IASG website at
www.iasg.us. The international dial in number is 617-614-3923 with the
same access code. A replay of the conference call will be available
through August 31, 2006 by dialing 888-286-8010 (international dial in
- 617 801-6888) and entering the access code of 56201403 or by
visiting the investor relations section of the IASG website.

   About IASG

   Integrated Alarm Services Group provides total integrated
solutions to independent security alarm dealers located throughout the
United States to assist them in serving the residential and commercial
security alarm market. IASG's services include alarm contract
financing including the purchase of dealer alarm contracts for its own
portfolio and providing loans to dealers collateralized by alarm
contracts. IASG, with 5,000 independent dealer relationships, is also
the largest wholesale provider of alarm contract monitoring and
servicing. For more information about IASG please visit our web site
at http://www.iasg.us.