8-K

                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


  Date of report (Date of earliest event reported)            November 21, 2003



                      Integrated Alarm Services Group, Inc.
               --------------------------------------------------
               (Exact name of Registrant as Specified in Charter)


           Delaware                    000-50343                  42-1578199
 ----------------------------       ----------------            -------------
 (State or Other Jurisdiction       (Commission File            (IRS Employer
      of Incorporation)                 Number)              Identification No.)



One Capital Center
99 Pine Street,3rd Floor
Albany, New York                                                      12207
- --------------------------------------------                      --------------
(Address of Principal Executive Offices)                            (Zip Code)



  Registrant's telephone number, including area code             (518) 426-1515




                                       N/A
          -------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)




Item 7.    Financial Statements and Exhibits

         Exhibit 99.1 - Press release dated November 21, 2003

Item 9.   Regulation FD Disclosure

On November 21, 2003, Integrated Alarm Services Group, Inc. issued a press
release announcing that it has received approval by its Board of Directors to
acquire Lane Security, Inc., the parent company of Protection Service
Industries, L.P., a provider of commercial alarm monitoring services in the
western United States. IASG has completed its due diligence and expects to
complete the acquisition in the next fifteen business days pending execution of
the final purchase and sale agreement.

Additionally, the Company announced that it has acquired 1,400 alarm monitoring
contracts, monitoring properties primarily located in Tampa, Florida.

A copy of this press release is furnished as Exhibit 99.1 to this report. This
information shall not be deemed "filed" for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended, and is not incorporated by
reference into any filing of the company, whether made before or after the date
of this report, regardless of any general incorporation language in the filing.



                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.


Dated: November 21, 2003

                                                By: /s/ Michael T. Moscinski
                                                   -----------------------------
                                                Name: Michael T. Moscinski
                                                Title: Chief Financial Officer

EX-99.1

Exhibit 99.1 - Press Release dated November 21, 2003

          IASG Announces Alarm Contract Acquisitions and Obtains Board
            Approval to Acquire Commercial Alarm Monitoring Business


         Albany, New York (November 21, 2003) -- Integrated Alarm Services
Group, Inc. (Nasdaq: IASG) at a regularly scheduled board meeting on Thursday,
approved the acquisition of Lane Security, Inc., parent company of Protection
Service Industries, L.P. "PSI" of Rancho Cucamonga, California.

         PSI is a leading provider of commercial alarm monitoring services in
the western United States and also provides residential alarm monitoring in
these same markets. Total recurring monthly revenue "RMR" acquired will be
approximately $1,800,000, which represents the equivalent of 60,000 alarm
contracts. In addition, PSI also generates approximately $550,000 per month of
revenue, primarily associated with commercial alarm installation and related
service and inspection activities. Both Lane Industries, current owner of Lane
Security and IASG have received board approval to consummate the transaction.
IASG has completed its due diligence and the transaction is anticipated to be
completed in the next 15 business days pending execution of final purchase and
sale documents.

         Additionally, IASG announced the acquisition of 1,400 alarm monitoring
contracts, representing approximately $42,000 of RMR. Properties monitored by
these acquired contracts are primarily located in Tampa, Florida.

         Total consideration paid for these acquisitions will be approximately
$48 million.

         In announcing these transactions, Timothy M. McGinn, Chairman and CEO
of IASG, said, "We are pleased to have acquired the Tampa accounts and expect to
make further account acquisitions in the Tampa market. Further, the PSI
business, which is approximately 55% commercial and 45% residential, will
provide IASG with an opportunity to evolve from total reliance on residential
monitoring. The acquired PSI account base, located in California, Arizona and
New Mexico, will be serviced by the existing PSI infrastructure which will
become part of IASG."

         McGinn continued, "With the acquisition of PSI, account equivalent
additions since the Company's IPO will total 74,600. These contract acquisitions
strengthen our Company's presence in important targeted geographic markets with
solid alarm industry demographics. The PSI acquisition, when completed, will put
IASG solidly in a key commercial market - the western United States."


About IASG

         Integrated Alarm Services Group provides total integrated solutions to
independent security alarm dealers located throughout the United States to
assist them in servicing 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.



         This press release may contain statements, which are not historical
facts and are considered forward-looking 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 operations; the impact of competition and
technological 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 final prospectus dated July 23, 2003 as filed with the
Securities and Exchange Commission on July 25, 2003 and the 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.

Contact:
Joseph L. Reinhart
Investor Relations
Integrated Alarm Services Group, Inc.
518-426-1515