DRI Corporation Announces Digital Recorders(R) Product Order Valued at Approximately $408,000.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. Comments on FY2008 Earnings Forecast DALLAS -- DRI See Digital Research. Corporation (DRI) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TBUS TBUS Token Bus ), a digital communications Transmitting text, voice and video in binary form. See communications. technology leader in the domestic and international surface transportation and transit security markets, announced today that its Digital Recorders, Inc. (DR) subsidiary, based in Durham, N.C., has received an order for intelligent transportation systems valued at approximately $408,000 from the Capital Area Transit Capital Area Transit can refer to the following:
David L. Turney, the Company's Chairman, President, and Chief Executive Officer said, "The Digital Recorders[R] products ordered for the CAT bus fleet, which will enhance their existing DR600[R] platform, include the computer-aided dispatch (CAD)/automatic vehicle location (AVL (Automatic Vehicle Location) See mobile positioning. ) system and the passenger advisory sign system (PASS) with online transit vehicle information access (OTvia 2). We anticipate that product delivery will commence in second quarter 2008 and conclude in fourth quarter 2008." Established in 1983, the Company's DR subsidiary develops and manufactures intelligent transportation products for the transit industry. Products include: Digital Recorders[R] computer-aided dispatch/automatic vehicle location systems; Digital Recorders[R] automatic vehicle monitoring systems; Talking Bus[R] automatic voice announcement systems; Digital Recorders[R] vandal-resistant, hands-free driver microphones; VacTell[TM] video actionable intelligence Having the necessary information immediately available in order to deal with the situation at hand. With regard to call centers, it refers to agents having customer history and related product data available on screen before the call is taken. systems, and more. For more information, visit www.digitalrecorders.com. FY2008 EARNINGS FORECAST UPDATE "Regarding the Company's fiscal year 2008 guidance of $68 million to $70 million in revenue and earnings per diluted share of 14 cents to 17 cents, management is comfortable projecting earnings per share to be at or around the upper end of that range," Mr. Turney said. ABOUT THE COMPANY DRI Corporation is a digital communications technology leader in the domestic and international public transportation and transit security markets. Our products include: TwinVision[R] and Mobitec[R] electronic destination sign systems, Talking Bus[R] voice announcement systems, Digital Recorders[R] Internet-based passenger information and automatic vehicle location/monitoring systems, and VacTell[TM] video actionable intelligence systems. Our products help increase the mobility, flow, safety, and security of people who rely upon transportation infrastructure around the globe. Using proprietary hardware and software applications, our products provide easy-to-understand, real-time information that assists users and operators of transit bus A transit bus (also known as a commuter bus) in the United States is usually operated by an urban-suburban bus line, a governmental public transit agency, or a contractor. A transit bus is normally used on public transit routes. and rail vehicles Rail vehicles are vehicles capable of rolling on rail tracks. This includes:
FORWARD-LOOKING STATEMENTS This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In particular, statements concerning the timing and amount of new orders or their expected delivery and installation dates, the potential benefit such orders may have on our ongoing operations, our belief that these recent orders reflect growing market acceptance of our products, our expectations for future revenue and earnings per share; together with any statement, express or implied, concerning future events or expectations, is a forward-looking statement. Use of words such as "expect," "fully expect," "expected," "appears," "believe," "belief," "plan," "anticipate," "would," "goal," "potential," "potentially," "range," "pursuit," "run rate," "stronger," "preliminarily," "forecast," etc., is intended to identify forward-looking statements that are subject to risks and uncertainties, including the risk that the assumptions behind the product order, delivery and installation are incorrect, that we have misperceived the market acceptance of our products, or that we have not accurately projected future revenue levels or earnings per share targets, as well as other risks and uncertainties set forth in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed March 31, 2008, particularly those identified in Risk Factors Affecting Our Business. There can be no assurance that any expectation, express or implied, in a forward-looking statement will prove correct or that the contemplated event or result will occur as anticipated. |
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