DRI Corporation Notes Growth in U.S. Transit Ridership.* Approximately 2.6 Billion U.S. Transit Trips Taken in Second Quarter 2007 * More Than 5.0 Billion U.S. Transit Trips Taken During First Half of 2007 * DRI's Products Help to Improve Ridership rid·er·ship n. The number of passengers who ride a public transport system. , the Environment and Transit Security 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, noted today that, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the American Public Transportation Association's (APTA APTA American Physical Therapy Association. ) ridership report for second quarter 2007, U.S. transit ridership increased at an accelerated rate in the second quarter and more than 5.0 billion transit trips were taken during the first half of 2007. "More people are choosing public transportation. According to APTA, Americans took 78 million more trips using public transportation during the first six months of 2007 than in the same period of 2006. APTA also said that almost all modes of transportation posted increases during the first six months of 2007. Increased transit ridership potentially brings with it an increased demand for transportation-related equipment in DRI's domestic market as we together work toward lowered carbon emissions, an improved environment, greater mobility, and passenger and fleet security. We are excited to see these continued increases in U.S. transit ridership, and believe that it feeds into DRI's growth plans," David L. Turney, the Company's Chairman, President, and Chief Executive Officer, said. Mr. Turney believes that, with the intense need to reduce the consumption of fossil fuel fossil fuel: see energy, sources of; fuel. fossil fuel Any of a class of materials of biologic origin occurring within the Earth's crust that can be used as a source of energy. Fossil fuels include coal, petroleum, and natural gas. and the need for imported oil, these increases in U.S. transit ridership are an important development toward "thinking and acting green" to help improve the environment. "The roles our products play in and on public transportation systems continue to be part of the answer for improving energy efficiency, reducing the environmental damage created by greenhouse gases, decreasing health issues caused by pollution, and improving the overall quality of life. In short, we consider DRI products to be at the very heart of thinking and acting green. Our products also help to mitigate the risk and impact of terrorist attacks and improve security. We strongly believe that few, if any, small-cap companies can lay claim to actively serving all of these very real issues - on an international basis - with one family of products," he said. ABOUT APTA APTA is a nonprofit international association of more than 1,500 member organizations including public transportation systems; planning, design, construction and finance firms; product and service providers; academic institutions; and state associations and departments of transportation. APTA members serve the public interest by providing safe, efficient and economical public transportation services and products. APTA members serve more than 90 percent of persons using public transportation in the United States This article or section has multiple issues: * It does not cite any references or sources. Please help improve this article by citing reliable sources. * It may need to be to meet Wikipedia's quality standards. and Canada. ABOUT THE COMPANY DRI 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 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. 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:
Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States market. For more information about the Company and its operations worldwide, go to www.digrec.com. 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 APTA's beliefs and predictions about the public transit industry and any implied trends or patterns regarding increased transit ridership, management's beliefs that continued increases in U.S. transit ridership could help DRI to achieve further growth, management's beliefs that the Company's products help the environment, as well as any statement, express or implied, concerning future events or expectations or those which use words such as "expect," "fully expect," "expected," "appears," "believe," "plan," "anticipate," "would," "goal," "potential," "potentially," "range," "pursuit," "run rate," "stronger," "preliminarily," etc., are forward-looking statements. These forward looking statements are subject to risks and uncertainties, including risks and uncertainties that APTA's beliefs and predictions about the public transit industry are incorrect, the risk that the data may not indicate trends or patterns regarding increased transit ridership, or risks that management's beliefs that continued increases in U.S. transit ridership could help DRI to achieve further growth or that the Company's products help the environment may not be accurate, 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 28, 2007, 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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