DRI Corporation Notes Record Growth In U.S. Mass Transit Ridership.* Public Transportation Ridership Hits Highest Level in 50 Years * Approximately 10.3 Billion Trips Taken in 2007 * Increased Ridership Factors Into DRI's Overall Growth Strategy 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. a recent report by the American Public Transportation Association The American Public Transportation Association is a Washington, DC based non-profit organization that serves as an advocate for the advancement of public transportation programs and initiatives in the United States since the organization's founding in 1882. (APTA APTA American Physical Therapy Association. ), Americans took approximately 10.3 billion trips on public transportation in 2007 - the highest level in 50 years. David L. Turney, the Company's Chairman, President and Chief Executive Officer, said: "According to APTA, U.S. public transportation ridership is up 32 percent since 1995. We consider the increase in U.S. ridership to be a key market trend indicator and one of several market growth drivers for our transportation communications and surveillance products. As U.S. mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a ridership increases and more transportation vehicles are needed to accommodate the additional riders, we believe that we are positioned to help transit decision makers meet passenger expectations and demands. With the growing demand for more bus and rail vehicles Rail vehicles are vehicles capable of rolling on rail tracks. This includes:
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. a significant opportunity to expand its presence in the domestic market, which currently represents approximately 47 percent of our annual revenues." For the complete APTA ridership report, go to http://www.apta.com/research/stats/ridership. 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 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 and rail vehicles in locating, identifying, boarding, tracking, scheduling, and managing those vehicles. Our products also aid transit vehicle operators in their quest to increase ridership and reduce fuel consumption, as well as to identify and mitigate security risks on transit vehicles. Positioned not only to serve and address mobility, energy conservation, and environmental concerns, our products also serve the growing U.S. Homeland Security 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, 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, 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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