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Ascent Capital Group

Pinnacle sells 93,000 accounts to Monitronics

Pinnacle says the $131 million transaction reduces debt, putting it in a better growth position
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10/31/2012

OREM, Utah—Pinnacle Security, a leading summer-sales-model company based here, recently announced an alliance with Monitronics International in which Pinnacle has sold Monitronics about 93,000 accounts and made an agreement for future account sales. The accounts represent $4.4 million of gross RMR, according to a news release.