EMRISE CORPORATION is in Full Compliance with Continued Listing Requirements of NYSE Arca.RANCHO CUCAMONGA, Calif. -- EMRISE CORPORATION (NYSE Arca:ERI Eri (ē`rī), in the Bible, son of Gad. ), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that with the recent filings with the Securities and Exchange Commission of its amended 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. for the year ended December 31, 2005 and its reports on Form 10-Q Form 10-Q See 10-Q. for the quarterly periods ended March 31, June 30 and September 30, 2006, the completion of the Company's internal investigation regarding the premature recognition of approximately $224,000 of revenue, the fact that the Company's common stock continues to trade over $1.00 per share and the availability of the Company's Corporate Governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. Guidelines on the Company's website, EMRISE Corporation is now in full compliance with all applicable continued listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. of NYSE Arca, Inc. The Company received a letter dated February 9, 2007 from NYSE Arca confirming the foregoing. About EMRISE CORPORATION EMRISE Corporation is a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment. EMRISE's electronic devices group, which consists of EMRISE Electronics Corporation and its international subsidiaries, provides power conversion, RF devices as well as digital and rotary switches to the North American, European and Asian electronic market. EMRISE's communications equipment 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 and its subsidiary CXR Anderson Jacobson, provides network access and timing and synchronization products 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 January 31, 2007, EMRISE had a total of 302 employees in its various subsidiaries and divisions. Website: www.emrise.com. Listed on NYSE Arca under the ticker symbol: ERI. Safe Harbor Statement Under 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 With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. Actual future events could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, risks detailed from time to time in EMRISE's public statements and its periodic reports and other filings with the Securities and Exchange Commission. |
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