We would like to highlight DRI Corp. (NASDAQ: TBUS). The company designs, manufactures, sells, and services information technology products either directly or through manufacturers’ representatives or distributors. DRI historically operated within two major business segments: the Transportation Communications segment and the Law Enforcement and Surveillance segment. DRI produces passenger information communication products under the Talking Bus, TwinVision, VacTell and Mobitec brand names, which are sold to transportation vehicle equipment customers worldwide.
In the company’s recent news,
DRI Corp. announced its preliminary second quarter results, posting expectations of net sales of $19.4 million, up 30 percent for the same period last year, marking a record high for second quarter sales volume.
DRI’s products aid in transit vehicle tracking and monitoring, and aid operators in their goal to increase ridership and decrease fuel consumption. David L. Turney, chairman, president and CEO of DRI, said global transit market trends, high gas prices and high ridership support the company’s fiscal 2008.
“Our increased revenue and backlog in the second quarter of 2008 suggest that the plans we’ve made, implemented, and refined during the past few years are continuing to unfold in a positive manner. For the second quarter of 2008, we expect to exceed the revenues posted in the same period last year and also to exceed revenues from first quarter 2008. We also expect the second quarter of 2008 to be profitable,” Turney stated in the press release.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
