I think you can make some money here...this out this morning...stock around 1 15/16...TBUS trades Nasdaq w/3.2m outstanding:
(PR Wires) DJ: Digital Recorders Announces Major International Order an
DJ: Digital Recorders Announces Major International Order and Shipments
Activity
RESEARCH TRIANGLE PARK, N.C., July 22 /PRNewswire/ -- Digital Recorders,
Inc., (Nasdaq: TBUS) today announced completion of an order for 275 buses in
Ankara, Turkey, and the delivery of pilot production run buses in Hanover,
Germany, for use in the Year 2000 World Exposition.
Both orders are for the TwinVision(R) LeDot destination sign systems from
DRI's Transit Media GmbH division located in Ettlingen, Germany.
The Hanover order involves a total of 100 buses. Half will be delivered in
1999 and the other 50 will be delivered in 2000.
"The Ankara order firmly establishes our company as a major player in
Turkey, which represents a potential for over $2 million in business a
year," said David L. Turney, DRI Chairman and CEO. "The Hanover order means
that our systems will be showcased on the new state-of-the-art buses that
will transport thousands of people at the world's fair. This is outstanding
exposure and priceless publicity of the technology which DRI's Transit Media
business unit pioneered together with Light Vision Corporation of Taiwan."
DRI develops technologically advanced digital communications systems for
transit, transportation applications and digital signal processing equipment
for law enforcement applications. The company's transit and transportation
systems include TALKING BUS(R), an on-vehicle internal voice messaging and
passenger information system and the TwinVision(R) LeDot Destination Sign
System -- a proprietary, electronic external destination sign.
Statements which are not historical facts, including statements about the
companies confidence and strategies and its expectations about new and
existing products, technologies and opportunities, market and industry
segment growth, demand and acceptance of new and existing products are
forward looking statements that involve risks and uncertainties. The risks
include, but are not limited to, product demand and market acceptance risks;
the impact of competitive products and pricing; the effects of economic
conditions and trade, legal, social and economic risks, such as import,
licensing and trade restrictions; the result of the company's business plan
and the impact on the company of its relationship with its lender.
/CONTACT: David L. Turney of Digital Recorders, Inc., 919-361-2155 ext.
120, or Tom Laughran of The Investor Relations Company, for Digital
Recorders, Inc., 847-564-5610/
08:34 EDT
*** end of story ***
This was released a week ago:
Digital Recorders Announces Initial Deliveries on
Orders Totaling $7 million
RESEARCH TRIANGLE PARK, N.C., July 15 /PRNewswire/ -- Digital Recorders, Inc., (Nasdaq: TBUS - news) today
announced delivery of pilot and initial production quantities of both exterior and interior sign and message systems for the
Southeastern Pennsylvania Transportation Authority (''SEPTA'') and the San Francisco Municipal transit systems. These
orders represent more than $7 million in revenues for the company.
The SEPTA order encompasses over $2.0 million to be delivered in the second half of 1999. The San Francisco order includes
approximately $5 million to be delivered in 1999 and beyond. These transit bus vehicles will be equipped with both the
TwinVision LeDot® destination signs and Talking Bus® automatic voice annunciation systems.
''These orders give evidence to our strategic advantage of the capability to combine and integrate the exterior TwinVision
system with the interior Talking Bus system effectively giving the customer a single source for both,'' said David L. Turney,
Digital Recorders Chairman and CEO. ''With the completion of the San Francisco order, we will have a significant percentage
of the Bay Area transit systems equipped with our communications systems including Oakland and San Mateo. We believe this
market represents potential of $2 million a year in revenue to our company. Correspondingly, the SEPTA installation gives us a
strong penetration of the major Northeastern Corridor market and includes both full size and smaller vehicles.''
Digital Recorders develops technologically advanced digital communications systems for transit, transportation applications and
digital signal processing equipment for law enforcement applications. The company's transit and transportation systems include
TALKING BUS®, an on-vehicle internal voice messaging and passenger information system and the TwinVision® LeDot
Destination Sign System -- a proprietary, electronic external destination sign.
Statements which are not historical facts, including statements about the company's confidence and strategies and its
expectations about new and existing products, technologies and opportunities, market and industry segment growth, demand
and acceptance of new and existing products are forward looking statements that involve risks and uncertainties. The risks
include, but are not limited to, product demand and market acceptance risks; the impact of competitive products and pricing;
the effects of economic conditions and trade, legal, social and economic risks, such as import, licensing and trade restrictions;
the result of the company's business plan and the impact on the company of its relationship with its lender.
SOURCE: Digital Recorders, Inc.
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