American Traffic Solutions, Inc. Grows Significantly with Acquisition of Competitor Nestor Traffic Systems, Inc.SCOTTSDALE, Ariz. -- American Traffic Solutions, Inc. (ATS), the second largest provider of red-light and speed cameras in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , announced the acquisition of Nestor Traffic Systems, Inc., the fourth largest photo traffic-enforcement company in North America. ATS acquired Nestor's assets free of encumbrances for nearly $7.1 million through a court-approved auction before Superior Court Judge Michael Silverstein Michael Silverstein is a professor of anthropology, linguistics, and psychology at the University of Chicago. He has studied Indigenous Australian languages and Indigenous American languages. . The auction finalized the term of Nestor's Receivership. ATS currently serves more than 170 communities in 17 American states (including the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). ) and one Canadian province Noun 1. Canadian province - Canada is divided into 12 provinces for administrative purposes province, state - the territory occupied by one of the constituent administrative districts of a nation; "his state is in the deep south" with 1,688 red-light and speed cameras under contract, 1,147 of which are already in operation. The addition of the Nestor customers would boost ATS to nearly 200 communities in 21 American states and two Canadian provinces, with 2,173 cameras under contract, of which 1,492 are already in operation in North America. ATS is headquartered in Scottsdale, Ariz. Nestor's headquarters is in Providence, R.I. The acquisition would expand ATS' presence to include Nestor's customers in California, Maryland California is a census-designated place and community in St. Mary's County, Maryland, United States. The population was 9,307 at the 2000 census. California continues to grow with the spread of population out from the older adjacent community of Lexington Park and the growth in , Tennessee, Texas, Virginia and Canada. Perhaps the most significant expansion would be in California, where Nestor's contracts include Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Long Beach, San Bernardino, Pasadena and eight other California cities. Nestor also operates programs in Delaware, Georgia, Iowa and Ohio. "Red-light and speed cameras are life-saving programs that remain a top priority for communities throughout North America. ATS anticipates a very smooth transition for current Nestor customers and employees," said James Tuton, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of ATS. "The communities currently served by Nestor have my pledge that we will work closely with them to ensure a smooth transition while continuing to provide critical life saving technology." "I am confident that Nestor's clients are in good hands with ATS, which is a high-energy, high-quality company that has led the industry in terms of innovation, technology and growth. I look forward to working with the ATS team during the transition period to ensure a positive outcome for the Nestor employees and customers," said Mike James, president of Nestor. About American Traffic Solutions, Inc.: ATS is a leading provider of technology and business solutions for traffic safety and electronic toll collection Electronic Toll Collection (ETC), an adaptation of military "identification friend or foe" technology, aims to eliminate the delay on toll roads. It is a technological implementation of a road pricing concept. programs worldwide. ATS serves more than 170 municipalities and government agencies across North America with photo-enforcement safety programs such as red-light and speed camera programs. Among the company's larger municipal clients are New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Philadelphia, Washington D.C., St. Louis, Houston, Seattle and San Diego. ATS also offers PlatePass[R], an automated electronic toll payment service that enables rental vehicle customers to use high-speed, cashless electronic toll lanes. ATS is a private corporation headquartered in Scottsdale, Ariz. For more information visit: www.RedLightCamera.com, www.PlatePass.com or www.atsol.com. |
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