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Technology Stocks : REDFLEX -- Ignore unavailable to you. Want to Upgrade?

To: machia who wrote (4)	5/9/2005 9:42:38 PM
From: Henrik	Read Replies (1) \| Respond to of 19

“……anyone have an idea how best to buy them?” By the truck load on ASX – if you can find enough to satisfy your appetite (ASX:RDF) ............................................................ 8 May 2005 RED FLEX CAMERAS REDFLEX CAMERAS TO BE INSTALLED AT VARIOUS INTERSECTIONS The City of Gardena will join the growing trend in the United States of using the red-light cameras to target red-light runners. The official kick off was held on November 22, 2004, with the contracted provider, Red-Flex. Traditionally the first camera system would be in place within 120 days following the kick off meeting. The automated red light enforcement using cameras has proven to be effective in reducing the incidence of red light running and the number of red light running accidents. Our neighboring cities of Hawthorne, Inglewood, Compton and Culver City currently have the red-light camera system in place. The City is currently working with Red-Flex to identify City intersections that have the most red light violations. Ten camera intersections are planned. Each of the camera systems will cover one traffic approach. In an effort to educate the public and reduce the incidences of red light violations, there will be a brief notification period when the cameras are first installed. During the 30-day notification period, violators will receive only a warning if they run a red light and be advised that the cameras are activated and that further violations will result in penalties. In addition to the reduction of red light violators, the red-light camera system will generate revenue to the City on every violation. www.ci.gardena.ca.us/residents/redflex.asp - 27k - 8 May 2005

To: machia who wrote (4)	8/3/2005 8:01:33 PM
From: machia	Respond to of 19

Interesting developments for this industry lately. One company, Transol Inc, has been put into liquidation with another, Nestor Traffic Systems looking to be in a fair bit of trouble. Four independent Nestor directors have just resigned under a cloud, their previous financier, Laurus, has walked, and their last quarter saw their biggest loss for years. More large losses are predicted and they appear very close to running out of cash. They appear to be in the running for the Los Angeles contract, that will require about $5 million cash to be spent by them up front, cash they just do not have so it is very hard to see the L A council taking what would equate to a huge gamble. It is a real catch 22, they have to get the L A contract to be able to raise more finance and any financier would most surely want to see a signed L A contract before even thinking of lending. Meanwhile Redflex just seems to win contracts and get even stronger.