GE Public Finance and Nestor Traffic Systems Announce Financing Solutions for CrossingGuard customers.Business Editors E. PROVIDENCE, R.I.--(BUSINESS WIRE)--April 3, 2003 NESTOR Nestor, in Greek mythology Nestor (nĕs`tər), in Greek mythology, wise king of Pylos; son of Neleus and father of Antilochus. , INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (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 : NEST) today announced that its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Nestor Traffic Systems, Inc. (NTS NTS National Technical Systems NTS National Trust for Scotland NTS Nevada Test Site NTS NT Server (Microsoft Windows) nts Not the Same NTS National Traffic System (amateur radio) ), will work with GE Public Finance to offer loan and lease financing solutions to state and local governments planning to install CrossingGuard(R), a red light enforcement and traffic safety system. CrossingGuard is a patented video based traffic monitoring system for automated enforcement of red light violators and for red light running collision avoidance. The use of digital video imaging technology in combination with Nestor's proprietary intelligent software enables CrossingGuard to provide the public with industry leading solutions for intersection safety. GE Public Finance provides innovative financing solutions to state and local governments including tax-exempt lease purchase financing and operating leases that are customized to meet their unique budgetary requirements. GE Public Finance is one of the largest providers of lease financing to state and local governments and has served this market since 1979. Nestor's 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. , William Danzell, stated, "Traffic safety, especially red light running, is everyone's concern. GE Public Finance's innovative financing solutions will allow qualified governments to provide their citizens with the best system to improve traffic safety at a minimal cost. In light of the increasing demand for sophisticated traffic safety solutions, we are excited to have the financial strength and financing capabilities of GE Public Finance available for state and local governments." Nestor Traffic Systems has installed or is launching its CrossingGuard systems in over 100 intersection approaches nationwide. Select cities in Virginia This is a complete list of independent cities in the Commonwealth of Virginia in the United States. As of 2005, there are 39 independent cities, which are considered county-equivalents for census purposes. , Kansas, and Tennessee as well as many cities in California There are 478 incorporated cities in California, 22 of which are styled "Town of (Name)" instead of "City of (Name)." They are arranged in alphabetical order, with the "towns" marked '*'. Under California law (see, e.g. are currently employing the CrossingGuard system. Except for historical information, the statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions 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. All such forward-looking statements are subject to, and are qualified by, risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. These risks and uncertainties include, but are not limited to, reduced demand for information technology equipment; competitive pricing and difficulty managing product costs; development of new technologies which make the Company's products obsolete; rapid industry changes; failure of an acquired business to further the Company's strategies; the ability to maintain satisfactory relationships with lenders and to remain in compliance with financial loan covenants and other requirements under current banking agreements; and the ability to secure and maintain key contracts and relationships. |
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