IASG Schedules Conference Call to Discuss Recent Activities.

ALBANY, N.Y. -- Integrated Alarm Services Group, Inc. (Nasdaq: IASGE) will hold a conference call to discuss recent corporate events on Monday, May 9, 2005 at 4:30 pm EDT. The topics to be discussed will include: the status of the Company's filing of its Form 10-K for the period ended December 31, 2004 and Form 10-Q for the period ended March 31, 2005; the Company's recent hearing before the NASDAQ Listing Qualifications Panel; the receipt of a waiver of defaults from a majority of the holders of Company's Senior Secured Notes due 2011; and the resignation of A. Clinton Allen from the Company's Board of Directors. The Company will defer any discussion and questions regarding financial results for the year ended December 31, 2004 and the quarter ended March 31, 2005 until after the Form 10-K and 10-Q have been filed with Securities and Exchange Commission.

Investors may participate in the conference call by dialing 888 396-2356 and entering the access code of 97840719 or by logging onto the investor relations section of the IASG website at www.iasg.us. The international dial in number is 617 847-8709 with the same access code. A replay of the conference call will be available through May 31, 2005 by dialing 888 286-8010 (international dial in - 617 801-6888) and entering the access code of 14193962 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.

This press release may contain statements, which are not historical facts and are considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements contain projections of IASG's future results of operations, financial position or state other forward-looking information. In some cases you can identify these statements by forward looking words such as "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "should", "will", and "would" or similar words. You should not rely on forward-looking statements because IASG's actual results may differ materially from those indicated by these forward looking statements as a result of a number of important factors. These factors include, but are not limited to: general economic and business conditions; our business strategy for expanding our presence in our industry; anticipated trends in our financial condition and results of operation; the impact of competition and technology change; existing and future regulations effecting our business, and other risks and uncertainties discussed under the heading "Risks Related to our Business" in IASG's Form 10-K report for the period ending December 31, 2003 as filed with the Securities and Exchange Commission on March 30, 2004, and other reports IASG files from time to time with the Securities and Exchange Commission. IASG does not intend to and undertakes no duty to update the information contained in this press release.