an asset tracking and panic alarm system includes : a tracking device for mounting in an asset ; a panic alarm pendant for carrying by a person ; a rf receiver module for mounting in the asset for receiving a panic alarm signal from the pendant ; and , a server coupled to a cellular telephone network and to a client terminal ; the server including means for receiving the panic alarm indication and gps information from the tracking device via the cellular telephone network ; the server including means for determining a location of the asset from the gps information : the client terminal for displaying the panic alarm indication and the location to a user , thereby notifying the user that the person has activated the panic alarm switch within a predetermined radius from the asset .