EMRISE CORPORATION Elaborates on Recent Acting CFO Announcement.RANCHO CUCAMONGA, Calif. -- EMRISE CORPORATION (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EMRI EMRI Emergency Management and Research Institute (India) EMRI Ecosystem Management Research Institute (Seeley Lake, MT, USA) EMRI Extreme Mass Ratio Inspirals EMRI Emerging Markets Risk Indicator ), elaborates on its April 8th press release which discussed Carmine carmine /car·mine/ (kahr´min) a red coloring matter used as a histologic stain. indigo carmine indigotindisulfonate sodium. car·mine n. T. Oliva's role as acting Chief Financial Officer. This press release is based upon information provided by Susan Foote, spouse of Randy Foote, who states, "On April 5, 2005 Randy underwent what was an unexpected emergency surgery. The surgery was successful and Randy is expected to return to full health." Mrs. Foote further stated, "I wish to extend my appreciation and thanks to EMRISE CORPORATION and others for the support and well wishes I have received for Randy's expected recovery." Carmine T. Oliva, 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. and acting CFO See Chief Financial Officer. of EMRISE, stated, "I look forward to returning to Randy full responsibility as CFO of EMRISE CORPORATION upon his recovery. Susan Foote has indicated that she has been advised that Randy should be fully recovered and able to resume his duties in a period of approximately six weeks, on about May 15, 2005. The company expects to continue to move ahead and meet all financial reporting and other requirements as Randy has built a strong financial team that will carry on during Randy's absence under my direction." About EMRISE CORPORATION EMRISE CORPORATION is a multi-national manufacturer of defense and aerospace electronic components and subsystems and communications equipment. EMRISE's electronic components group, which includes XET XET Xbox Elite Team (Belgian video gaming group) XET Xerox Ethernet Tunnel Corporation and its international subsidiaries, provides custom power conversion and RF component and subsystem products, digital and rotary switches and subsystem assemblies to the North American, European and Asian electronic components market and are primarily used for defense, aerospace and industrial applications. EMRISE's communications group, consisting of CXR CXR abbr. chest x-ray CXR, n chest x-ray; an image of the thoracic cavity, produced by an irradiation scan of the upper torso. Larus Corporation provides network access and timing and synchronization and transmission products and communications test equipment to the North American, European and Asian communications industry. Founded in 1983, EMRISE operates out of facilities in the United States, England, France and Japan. As of March 18, 2005, EMRISE had a total of 336 employees in its various subsidiaries and divisions. www.emrise.com |
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