Emrise Corporation (fka EMRI)

[Renee]

EMRI: charter cancelled. Dissolved. FINRA deleted symbol:

http://otce.finra.org/DLDeletions

[scotsand]

This one is a hidden gem at these prices.

[ListenToMe]

4 followers

[eddy2]

I like what I'm seeing here lets keep her rolling up.


Making a profit, paying debt she is all good from here.

[eddy2]

Micro Tel my gosh I owned that stock and gave the certs to a friend who collects them for some odd reason well any how it looks like it could be different this time around but you never know they may stop production for a few years not pay the debt to insiders who are owed and of to court to cry to the judge and Bobs your uncle it is all there's once they pay the bank there share.


An asset is only worth what it generates regardless what one pays unless you find a greater fool to pay more and that may take some effort when you want to keep expanding the operation.

Jack be nimble and jack be quick and jump over the falling candle stick.

[MasterSalix]

I have been following this company since it was called "MicroTel" back in the 90's - bottom line is that the company has great potential, but Carmine refuses to, or can't figure out how - to take the company to the next level - HOPEFULLY, Benchmark and Hermes can push things in the right direction.

[eddy2]

Oh you don't like what he is doing I just came on board yesterday and from looking at the numbers I figure things are going well all considering but not that maters much there is enough here to churn a good story from and move the stock up and down to make a little money.


The others I have been trying to churn have run out of steam if you know what I mean but it will take a bit for me to sink in.


Have you been the runner and tripper on this board up to this point?

[MasterSalix]

Would be an even better story if Carmine would step aside for someone who actually knows how to grow a company....

[eddy2]

Up 7% in one day I'm liking this Go for it EMRI


The numbers tell the story and in this case a great story.

[eddy2]

You know the bottom line is getting better,depreciation slowing I can only see upwards movement from here and the big thing to note is that capital surplus from the depreciation is being knocked down and going back into the company.


Why the drop from the exchange to save money to capitalize on the capital surplus though call for sure should this go up or down.

[eddy2]

I love to see a new money wheel being started and catch the start of it just as it starts to turn for investors.


Time to get trading guys on just another train wreck in a down economy.

[MasterSalix]

Interesting news today - maybe they can finally generate some shareholder value here???

[Hegotgame]

EMRISE CORPORATION Announces $370,000 Order For Network Access Equipment
For Harsh Environments
Continues Roll Out of New Products; Result of Focus on
Strategically Important Utilities Markets


DURHAM, N.C., Dec. 5, 2012 /PRNewswire via COMTEX/ -- EMRISE CORPORATION
(OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic
devices and communications equipment, today announced a $370,000 order for a
3G/WiFi autonomous gateway product to be used in a harsh field environment in a
new application by a large European electric utility. The order, which was
secured from a longstanding customer, is expected to ship complete in the fourth
quarter of 2012.

The new network access product ordered continues the roll out of new products by
EMRISE in 2012 which has already included the Company's new CIP-All product that
was introduced earlier this year and qualified by a major European
telecommunications company and a major European international utility company
for use in their respective enterprise network applications.

EMRISE Chief Executive Officer Carmine T. Oliva said this order is a direct
result of the Company's focus on increasing its penetration of the growing
utilities markets in Europe and the United States. He also noted that the
network access products ordered are designed to meet the user's specific
requirements to meet the harsh environmental conditions met in the field.

"A key characteristic of our new network access products is that they can be
readily adapted to meet the specific needs of a variety of utilities in Europe
and in North America," Oliva added. "It is because of their adaptability that we
expect these new products will become a strategically important addition to our
overall product range for the utilities markets and contribute to our revenue in
these expanding markets going forward."

About EMRISE CORPORATION

EMRISE designs, manufactures and markets electronic devices, sub-systems and
equipment for aerospace, defense, industrial and communications markets. EMRISE
products perform key functions such as power supply and power conversion; radio
frequency (RF) and microwave signal processing; and network access to public and
private communications networks. The use of its network products in public and
private, legacy and latest Ethernet and Internet Protocol (IP) networks is a
primary growth driver for the Company's Communications Equipment business units.
The use of its power supplies, RF and microwave signal processing devices and
subsystems in on-board In-Flight Entertainment and Connectivity systems is a
primary growth driver for the Company's Electronic Devices business units.
EMRISE serves the worldwide base of customers it has built in North America,
Europe and Asia through operations in the United States, England and France. For
more information on EMRISE, go to www.emrise.com.

EMRISE common stock trades under the symbol EMRI on OTCQB, the venture
marketplace for companies that are current in their reporting with a U.S.
regulator. Investors and other interested parties can find Real-Time quotes and
market information for EMRISE at www.otcmarkets.com.

Real-Time Level 2 Quotes are also available on the Stock Quote Page of the
Investor Relations section of EMRISE CORPORATION's web site at
http://www.emrise.com/investor_relations/stock_quote/index.htm.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, certain matters discussed in this
press release are forward looking statements within the meaning of the Private
Securities Litigation Reform Act including but not limited to the expectation
that the order will ship complete in the fourth quarter of 2012; and that these
new products will become a strategically important addition to the Company's
overall product range for the utilities markets and contribute to its revenue in
these expanding markets going forward. The actual future results of EMRISE could
differ from those statements. The Company refers you to those factors contained
in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the
year ended December 31, 2011, as amended, Quarterly Reports on Form 10-Q, its
Current Reports on Form 8-K filed in recent months, and other EMRISE filings
with the SEC.

CONTACT: Allen & Caron IncRene Caron (investors) Len Hall (media)(949)
[e-mail]@allencaron.com

SOURCE EMRISE Corporation



www.prnewswire.com


Copyright (C) 2012 PR Newswire. All rights reserved

-0-

[MasterSalix]

[hedge_fun]

EMRI ~ Emrise Corporation ~ Due Diligence



About Emrise

Emrise Corporation. is an international manufacturer of defense and aerospace electronic devices and subsystems and telecommunications equipment.Emrise’s electronic devices group, which includes EEC Corporation and its subsidiaries, provides standard and custom power conversion products, RF and microwave devices and subsystems and subsystem assemblies to the global electronic components market, primarily for defense, aerospace, telecommunication and industrial applications. Emrise’s telecommunications group, consisting of CXR Larus Corporation and CXR Anderson Jacobson, provide transmission and network access equipment, timing and synchronization systems and test equipment to the International communications industry. Founded in 1983, the Company operates out of facilities in the United States, France and the United Kingdom.



Electronic Devices Group

Emrise's Electronic Devices group are market leaders in Power Conversion products and Radio Frequency devices and subsytems.. Backed by 50 years in the aerospace and defense market, our track record of success encompasses a wide range of products and technology. The company provides solutions to such projects as "Stealth " aircraft, commercial aircraft, In flight Entertainment, radar systems and cockpit displays.

Power Systems
EMRISE Power Systems companies XCEL Power Systems Ltd and Pascall Electronics Ltd provide an extensive range of custom, semi custom and standard power supply products, including:-

High and low voltage, high specification, high reliability custom power supplies for hostile environments such as aerospace and defense markets.

Industry standard DC to DC power supplies.

Customisable/configurable power conversion units. (COTS).


RF Devices
Emrise Corporation RF and Microwave subsidiary Pascall Electronics manufactures a range of Radio Frequency and microwave components, devices and subsystems for Defense and aerospace applications.
Our product range extends from frequency control products such as PLDRO, OCXO and STALO to Log Amplifiers, and to our custom RF assemblies.


Test Equipment

CXR Larus is an leading provider of telecommunication field test solutions. Our equipment is deployed across the world and used by major public and private service providers in the maintenance and optimization of their systems and networks. We create products with innovative user interfaces which simplifies analog / digital circuit access and testing and are designed to allow easy upgrade and enhancement as testing requirements evolve.
Our customers include Regional Bell Operating companies, Independent Telephone Companies, Competitive Local Exchange Carriers, government, utility companies and private communication networks. Our "Halcyon" range of compact, lightweight handheld field test equipment easy to use products with the functionality required to enable field technicians to access problems and verify line operation quickly test equipment products allow field and office technicians to test lines rapidly and efficiently to industry standard criteria to ensure that they support a specific types and speeds of service. In a single device, our products can be used to pre-qualify facilities for services, identify the source of problems and verify the proper operation of newly installed service before handing service over to customers.

Our test equipment products support our customers' need to provide high quality and reliable service.

Transmission & Network Access Products

Emrise’s CXR Anderson Jacobson is a global manufacturer of market leading, Transmission & Network Access Products that allow people to communicate more efficiently and effectively. The telecommunications group provides complete end-to-end communication solutions for corporate, government and Carrier applications. CXR's heritage dates to the acoustic coupler, the forerunner of today's modem technology. Today, CXR Anderson Jacobson delivers the most reliable modems on the market, and is leveraging it's experience in data and voice technology to provide a broad range of managed TDM and IP transmission and network access products branded “CXR Anderson Jacobson.” These products include a range of fiber optic, DSL and voice frequency, or VF, modems, ISDN terminal adapters, ISDN concentrators, multiplexers, and interface converters together with an increasing range of IP products including a full range of routers and terminal servers all of which combine to provide the user with a complete solution for voice and data transmission.

CXR Anderson Jacobson's award winning products prove that Internet or Intranet access does not have to be costly or complicated. Our solutions are scalable and designed to meet a wide range of requirements from the small to medium-sized business to corporate customers and carriers and to provide flexible access solutions for network users.

Timing & Synchronization Systems

Larus Corporation was founded in 1980 to manufacture telecommunications products for use by local telephone companies, long distance providers, and the public and private networks of North America.

Larus recognized that very early that Digital network connectivity is dependent upon the availability of a reliable synchronization source to provide a timing reference to the network elements and are now a recognized leader in the manufacture of sophisticated network timing and synchronization products. The products provide a complete range of the timing and synchronization products required to facilitate the efficient transmission of Digital signals. Larus timing products are deployed by Regional Bell Operating companies, Independent Telephone Companies, Competitive Local Exchange Carriers, government, utility companies,private communication networks, OEM manufacturers both domestically and internationally.

Larus products provide a full range of industry standard timing and synchronization systems, performing to Stratum1 Stratum 2 and Stratum 3E standards. These standards define the accuracy and "holdover" for the timing performance. Stratum 1 refers to an autonomous timing source such as an atomic clock or Cesium oscillator with no errors in 4 to 5 months. Stratum 2, 3, 3E etc normally track an input source, such as GPS. Should that source fail, the Stratum levels define the maximum allowable drift e.g 1.6 x 10-8 over a 1 year period.

Examples of the group's Timing and Synchronization products include:

54500:- An innovative Synchronization Timing System offering flexible and cost-effective solutions for Stratum 1, Stratum 2E, and Stratum 3E timing for digital transmission and synchronization applications. The system provides a redundant and jitter-free source of framed ones and composite clock and is synchronized to an equal or higher stratum framed reference source. The STS 54500 can be employed in either DS1 or E1 digital transmission environments.
5850:- Primary Reference Source. GPS timing clock designed for retrofits of existing BITS clocks and for remote sites that require timing.The STS 5850 features two accurate T1 timing references that are synthesized from GPS for use by BITS clocks, SONET NEs, intelligent multiplexers, and PCS systems as well as other systems requiring synchronization.
5800:- Timing System provides GPS Stratum 1 clock and/or network tracking with Stratum 2 or Stratum 3E holdover performance. The Larus 5800 represents the optimal local synchronization solution for the new distributed network. Designed for small installations and remote sites requiring timing (cell sites, PCS networks, customer premises, etc.).

EMRI Security Details
Share Structure
Market Value1 $4,483,642 a/o Dec 06, 2011
Shares Outstanding 10,675,337 a/o Nov 08, 2011

Shareholders
Shareholders of Record 253 a/o Mar 31, 2011
Security Notes
Issued=7-89 per reorganization of CXR Telcom Corp. Basis: sh for sh
Capital Change=Capital Change=shs decreased by 1 for 5 split. Ex-date=08/29/1996. Rec date=08/29/1996. Pay date=08/29/1996.
Capital Change=shs decreased by 1 for 3.75 split. Pay date=11/20/2008.

Short Selling Data
Short Interest 0 (-100%)
Oct 31, 2011
Significant Failures to Deliver No

Transfer Agent(s)
Computershare Trust Company Inc.

http://www.otcmarkets.com/stock/EMRI/company-info

EMRI Management Spotlight
Carmine Oliva ~ Chairman and CEO

Carmine T. Oliva has been Chairman of the Board and Chief Executive Officer and a Class III director of our company since March 26, 1997 and of our subsidiary, XIT Corporation, since he founded XIT Corporation in 1983. Mr. Oliva has been Chairman of the Board of XCEL Corporation Ltd since 1985, Chairman and Chief Executive Officer of CXR Telcom Corporation since March 1997 and Chairman of CXR Anderson Jacobson since March 1997. From 1980 to 1983, Mr. Oliva was Senior Vice President and General Manager, ITT Asia Pacific Inc. Prior to holding that position, Mr. Oliva held a number of executive positions with ITT Corporation and its subsidiaries over an eleven-year period. Mr. Oliva attained the rank of Captain in the United States Army and is a veteran of the Vietnam War. Mr. Oliva earned a B.A. degree in Social Studies/Business from Seton Hall University in 1964 and an M.B.A. degree in Business from The Ohio State University in 1966.

Other Management Profiles here http://www.emrise.com/about_emrise/about_management/index.htm



EMRI Recent News

EMRISE CORPORATION RECEIVES $900,000 IN ORDERS FOR RADIO FREQUENCY SYSTEMS FOR COMMERCIAL MARINE APPLICATION
Orders Part of Long-Running Program of Supplying Systems for Navigational Aids
DURHAM, NC - December 7, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received additional orders valued at approximately $900,000 (£591,000) from a major international marine services provider for electronic systems for identifying and marking marine (shipping) channels and marine hazards. Deliveries against these new orders are expected to begin in the second quarter of 2012 and be completed by the end of 2012.

EMRISE CORPORATION RECEIVES $630,000 CUSTOM POWER SUPPLY ORDER FOR U.S. MILITARY ARMORED VEHICLES
Follow-on Order Part of Long-Running Strategic Program
DURHAM, NC - November 21, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received a follow-on order valued at approximately $630,000 (£394,000) from a large international customer for custom modular power supplies to be used in a long-running U.S. military armored vehicle program. Delivery of the order is expected to begin in early 2012.

EMRISE ANNOUNCES IMPROVED 2011 THIRD QUARTER,NINE-MONTH FINANCIAL RESULTS
Major Reduction in Loss from Continuing Operations; Year-Over-Year Net Sales Up 16% and 13%, Respectively
DURHAM, NC - November 14, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced financial results for its third quarter and nine months ended September 30, 2011. Revenues for this year's third quarter increased 16 percent from the third quarter of 2010 and 30 percent from the second quarter of 2011. The Company also significantly reduced its loss from continuing operations for the 2011 third quarter, which reflected a $1.3 million, or 96 percent, year-over-year improvement from the sizeable loss reported in the 2010 third quarter.

EMRISE CORPORATION SELECTS RODMAN & RENSHAW LLC
AS FINANCIAL ADVISOR IN THE U.S.
Rodman to Assist with Strategic Business Plans Designed to Grow Company, Enhance Shareholder Value
DURHAM, NC - September 22, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced it has selected Rodman & Renshaw, LLC (Rodman), a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), as its exclusive financial advisor in the United States. Rodman has been engaged to support the Company's growth strategy by assisting EMRISE in identifying and negotiating potential strategic merger, acquisition or alliance targets, by providing general financial advisory and support services as EMRISE executes its ongoing strategic business plans designed to grow the Company and enhance shareholder value.

EMRISE RECEIVES FINAL DOCUMENTATION FOR €1.2 MILLION ($1.7 MILLION) COMMUNICATIONS EQUIPMENT ORDER FOR NETWORK
IN FRENCH-SPEAKING NORTH AFRICA
DURHAM, NC - September 12, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced it has received final documentation for a Communications Equipment order valued at approximately €1.2 million ($1.7 million) for the manufacture and delivery of fiber-optic modems to be used in a communications network in French-speaking North Africa. The order was received by EMRISE's Communications Equipment subsidiary in Europe. With the recent receipt of the final documentation, the order is expected to be shipped to the customer within the next 30 to 45 days.

EMRISE CORPORATION TO PRESENT AT THE RODMAN & RENSHAW
ANNUAL GLOBAL INVESTMENT CONFERENCE
DURHAM, NC - September 7, 2011...EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that management is scheduled to make an investor presentation at the Rodman & Renshaw Annual Global Investment Conference as part of the Growth/Special Situations Track on Tuesday, September 13, at 9:10 am Eastern Time. The conference is being held September 11-13 at The Waldorf-Astoria in New York City.

EMRISE ANNOUNCES SECOND QUARTER AND FIRST HALF 2011 FINANCIAL RESULTS
Year-Over-Year Net Sales Up 7% and 11%, Respectively; Backlog Strong at $31 million
DURHAM, NC - August 15, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced its financial results for its second quarter and six months ended June 30, 2011.

EMRISE RECEIVES ORDERS FOR $2 MILLION OF CUSTOM ELECTRONIC DEVICES FOR INTERNATIONAL AVIATION PROGRAM
Contributes to Growing Backlog of Orders for Delivery in 2012 and Beyond
DURHAM, NC - July 26, 2011 - EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that it has received orders for approximately $2 million to manufacture and deliver custom electronic devices to be used in an international aviation program.

EMRI Contact Info
2530 Meridian Parkway
Durham, NC 27713

Website: http://www.emrise.com
Phone: [phone]
Email: [e-mail]

[hedge_fun]

EMRI CEO ~ "Orders....continuing to grow"

EMRISE Chief Executive Officer Carmine T. Oliva said: "Orders for electronics devices for a variety of commercial land and marine applications are continuing to grow and are important additions to our long-standing business in military and commercial aircraft applications."

http://ih.advfn.com/p.php?pid=nmona&article=50337020&symbol=EMRI

[hedge_fun]

EMRI Receives $900,000 in Orders

EMRISE Corporation Receives $900,000 in Orders for Radio Frequency Systems for Commercial Marine Application

EMRISE Corporation Receives $900,000 in Orders for Radio Frequency Systems for Commercial Marine Application Orders Part of Long-Running Program of Supplying Systems for Navigational Aids
PR Newswire

DURHAM, N.C., Dec. 7, 2011

DURHAM, N.C., Dec. 7, 2011 /PRNewswire/ -- EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received additional orders valued at approximately $900,000 (591,000 pounds Sterling) from a major international marine services provider for electronic systems for identifying and marking marine (shipping) channels and marine hazards. Deliveries against these new orders are expected to begin in the second quarter of 2012 and be completed by the end of 2012.

EMRISE Chief Executive Officer Carmine T. Oliva said: "Orders for electronics devices for a variety of commercial land and marine applications are continuing to grow and are important additions to our long-standing business in military and commercial aircraft applications."

The orders were received by the Company's Pascall Electronics Ltd. subsidiary in England. Pascall provides power systems, radio frequency (RF) devices and integrated systems and subsystems for a broad range of military and commercial aircraft and other land and sea-based programs.

About EMRISE Corporation

EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company's Communications Equipment business segment. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board in-flight entertainment and connectivity systems is a primary growth driver for the Company's Electronic Devices business segment. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. EMRISE is a publicly traded company whose common stock trades on the OTCBB under the symbol EMRI. For more information go to www.emrise.com.

[MasterSalix]

LOL - true - guess I am just lonely - Started this board over 3 years ago and you are (essentially) the first person that has posted - been in this stock for a looooong time (since it was MicroTel) – used to be not bad trading about once every 6 months or so - but since the split the spread has gotten worse and worse and now it is almost untradeable. Glad to see some interest - GL2U.

[hedge_fun]

4 post was/is spreaing the word?........lol

[MasterSalix]

Oh, sorry - you are spreading the good word for free. OK, my mistake.

[hedge_fun]

Paying for promotion?

[MasterSalix]

So EMRISE is paying for promotion now - interesting - money probably better spent to fix the spread - owned the stock since 1999 - you think this will spur it enough for me to hand it off to some other unfortunate soul?

[hedge_fun]

OS as of November 8, 2011 ~ 10,675,337

[hedge_fun]

EMRI Announces Improved 2011 Third Quarter

EMRISE Announces Improved 2011 Third Quarter, Nine-Month Financial Results

http://ih.advfn.com/p.php?pid=nmona&article=49927029

[hedge_fun]

About EMRISE Corporation

EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company's Communications Equipment business segment. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board in-flight entertainment and connectivity systems is a primary growth driver for the Company's Electronic Devices business segment. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. EMRISE is a publicly traded company whose common stock trades on the OTCBB under the symbol EMRI. For more information go to www.emrise.com.

[hedge_fun]

EMRI Receives $630,000 Custom Power Supply Order

EMRISE Corporation Receives $630,000 Custom Power Supply Order for U.S. Military Armored Vehicles

EMRISE CORPORATION (OTCBB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that it has received a follow-on order valued at approximately $630,000 (394,000 pounds Sterling) from a large international customer for custom modular power supplies to be used in a long-running U.S. military armored vehicle program. Delivery of the order is expected to begin in early 2012.

The order was received by the Company's Pascall Electronics Ltd. subsidiary, located in England. Pascall provides power systems, RF devices and integrated subsystems for a broad range of military and commercial aircraft and other land- and sea-based programs.

EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said, "Long term military projects, such as this one, continue to be strategic targets for EMRISE where our custom rugged power supplies have proven their performance and reliability. We have continued to invest in the design and technology of our power supply products, and those investments continue to pay dividends in the form of business for both new and existing military and commercial programs. EMRISE has built a solid reputation for providing a robust line of custom-built and standard power supply products that meet the stringent specifications required for use in rugged military applications."

Oliva noted that over the last several years, EMRISE has built a successful on-going relationship with this international customer, and since its inception, the customer has purchased several million dollars in power supplies from the Company for this armored vehicle program.

About EMRISE Corporation

EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company's Communications Equipment business segment. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board in-flight entertainment and connectivity systems is a primary growth driver for the Company's Electronic Devices business segment. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. EMRISE is a publicly traded company whose common stock trades on the OTCBB under the symbol EMRI. For more information go to www.emrise.com.

http://ih.advfn.com/p.php?pid=nmona&article=50124675

[Penny Roger$]

EMRISE Corporation Announces Date for Release of 2011 Second Quarter and Six ... - MarketWatch (press release)
| 7:49 AM |




EMRISE Corporation Announces Date for Release of 2011 Second Quarter and Six ...
MarketWatch (press release)
EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. EMRISE is a publicly traded company whose common stock trades on the OTCBB under the symbol EMRI. ...
EMRISE Corporation Announces Date for Release of 2011 Second Quarter and Six ...PR Newswire (press release)

all 11 news articles »

Related News: Similar Content http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHRe64L-2rB0RLpATooz4sxlSPPNA&url=http://www.marketwatch.com/story/emrise-corporation-announces-date-for-release-of-2011-second-quarter-and-six-month-results-and-conference-call-2011-08-08?reflink%3DMW_news_stmp#rssowlmlink

[LincolnStocks]

I'm eyeing the same thing....

[DOCTER]

Breakout pattern? Anyone agree or disagree?

[momentum74]

Link.ERI due to receive 20million.More then market cap.
http://finance.yahoo.com/news/EMRISE-Corporation-Enters-bw-3985332558.html?x=0&.v=1

EMRISE Corporation Enters into Binding Agreement to Sell Advanced Control Components to Aeroflex Incorporated for $20 Million
Net Proceeds Will Pay Down Debt, Help Strengthen Balance Sheet and Position Company To Focus on Growing Its Business




Buzz up! 0 Print
Companies:Emrise Corp. Topics:Industrial Goods Related Quotes
Symbol Price Change
ERI 0.57 -0.10


{"s" : "eri","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} Press Release Source: EMRISE Corporation On Tuesday June 8, 2010, 9:30 am EDT
EATONTOWN, N.J.--(BUSINESS WIRE)--EMRISE CORPORATION (NYSE Arca:ERI) (“EMRISE” or the “Company”), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, today announced that is has entered into a binding stock purchase agreement with Plainview, NY-based Aeroflex Incorporated pursuant to which EMRISE will sell all of the issued and outstanding shares of common stock of its Advanced Control Components, Inc. subsidiary (“ACC”) to Aeroflex for $20 million in an all cash transaction, subject to a potential working capital adjustment. The sale of ACC is subject to the approval of EMRISE’s stockholders. The transaction is expected to close in July 2010.

Approximately $14.6 million of proceeds from the transaction will be used to pay down all of the Company’s revolver with its principal lender, a significant portion of its term debt with the same lender and a majority of the Company’s obligations to the previous owners of ACC. The Company will retain approximately $3.9 million in long term debt payable to both its current lender and the previous owners of ACC, all of which has a maturity of at least two years or longer.

Further details of the transaction will be disclosed in a Form 8-K which the Company intends to file with the Securities and Exchange Commission later this week.

EMRISE President and Chief Executive Officer Carmine T. Oliva said that closing the transaction to sell ACC will mark the final step in the implementation of the Company’s previously announced strategy to divest certain assets and businesses to pay its principal lender, strengthen its balance sheet and position the Company to focus on growing its business.

“Our management team and investment bankers have worked diligently over the last 18 months and overcame a number of obstacles in successfully executing our strategy to pay our principal lender, who has agreed to and approved the terms of the transaction to sell ACC,” Oliva said. “As a result of everyone’s hard work and persistence, when the sale of ACC closes, we will have successfully sold three non-core businesses, one non-performing business and ACC, all of which have enabled us to pay nearly all of the debt that was owed to our principal lender, reduce significantly our obligations to the prior owners of ACC, and free up the entire management team to focus on operating our business and building for the future.”

Subsequent to the sale of ACC, EMRISE will primarily pursue two core strategies. The first is to capitalize on the Company’s edge network timing and synchronization technology through both organic and strategic transaction based growth. The second is to refocus the Company’s efforts to drive strong growth and cash flow contribution from its global European based aerospace & defense business units, especially with the anticipation of an improved economy providing expected growth to the European military markets.

“We believe a narrow focus on these two strategies, combined with significantly reduced debt levels will provide us with the best chance of maximizing value for our stockholders,” Oliva said. “With well differentiated and highly validated technology platforms, strong engineering and management teams, and a greatly improved balance sheet due to significantly lower debt levels, I believe we will have the ability to better support our working capital needs, grow the Company, and facilitate strategic merger transactions.”

“With the challenges of the last 18 months behind us, we believe that focusing on our new strategic plans will allow us to rebuild and grow the company, and eventually maximize value for our stockholders following the sale of ACC,” Oliva added. “We are committed to the successful execution of these plans, and look forward to reporting our progress as we move forward.”

The Company expects to put in place a new revolving credit line in Europe with a major international bank and another smaller revolving credit line in the U.S., both of which will be used for working capital purposes. Although no agreement has yet been reached, the Company believes that the new credit lines combined with net cash proceeds expected from the sale of ACC, significantly reduced interest expense and the favorable impact of additional operating cost reductions can provide sufficient working capital to fund its operations for at least the next 12 months, but there can be no assurances to that effect.

Investment Banker and Fairness Opinion

EMRISE was represented in the transaction by the investment banking group of Boenning & Scattergood, who also provided the EMRISE Board of Directors a fairness opinion for the sale of ACC to Aeroflex.

Investor Meetings

EMRISE will be conducting one-on-one and small-group, in-person and conference-call meetings with interested stockholders to discuss the sale of ACC and the Company’s strategy and business plans going forward. To participate in one of these in-person or conference-call meetings, please contact Nathan Abler in Allen & Caron’s California office at 1-800-452-1346 begin_of_the_skype_highlighting 1-800-452-1346 end_of_the_skype_highlighting, extension 202.

About EMRISE Corporation

EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access and timing and synchronization of communications networks. The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England and France. The Company has built a worldwide base of customers throughout the U.S., Europe and Asia. For more information go to http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.emrise.com%2F&esheet=6319300&lan=en_US&anchor=www.emrise.com&index=1&md5=daa5af2748176c0e4e9d83cf5f72f105.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

With the exception of historical information, certain matters discussed in this press release including the timing of the close of this transaction, amount of net cash proceeds resulting from the transaction, the ability to grow the Company’s edge network timing and synchronization technology through both organic and strategic transaction based growth, the ability to drive strong growth and cash flow contribution from its global European based aerospace & defense business units, especially with the anticipation of an improved economy providing expected growth to the European military markets, our ability to maximizing value for our stockholders, ability to greatly improve the balance sheet, ability to better support our working capital needs, grow the Company, and facilitate strategic merger transactions, ability to significantly reduce interest expense, achieve a favorable impact of additional operating cost reductions, ability to provide sufficient working capital to and the ability to fund its operations for at least the next 12 months are all forward looking statements within the meaning of the Private Securities Litigation Reform Act. The actual future results of EMRISE could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to whether the company can obtain stockholder approval for this transaction, after the contemplated post closing adjustments in this transaction result in lower than expected net proceeds, whether the company is able to decrease operating costs to improve our bottom line; our ability to complete additional strategic initiatives, the terms, conditions and timing of such events, whether such events will result in the ability of EMRISE to eliminate its term debt; whether these efforts will result in increasing value for its stockholders and other stakeholders; unforeseen technical issues, unforeseen changes in customer demand, unforeseen delays in receipt of materials from our vendors, inability of our products to meet customer specifications, changes in the economic, industry or political climate that may negatively impact demand for our future products. The Company refers you to those factors contained in the "Risk Factors" Section of EMRISE's Form 10-K for the year ended December 31, 2009, Form 10-Q for the quarterly period ended March 31, 2010, and other EMRISE filings with the Securities and Exchange Commission.





Contact:
EMRISE CorporationJohn Donovan, [phone] begin_of_the_skype_highlighting [phone] end_of_the_skype_highlightingChief Financial [e-mail] & Caron, IncRene Caron (investors)Len Hall (media)[phone] begin_of_the_skype_highlighting [phone] [e-mail]@allencaron.com

[momentum74]

Buying here for a bounce.Looks way oversold imo.

[MasterSalix]

$1.25 nice - and good volume too - lookin' good!

[wesley_]

1.22 well, a nice easter eggs trade :) Colour me impressed

[wesley_]

very nice opening, hits 1.20 already

[wesley_]

there she blows 1.00$+ :)

[MasterSalix]

Nice buying EOD

[wesley_]

same to you buddy!

[MasterSalix]

Earnings not so bad - this one could see significant gains near-term - GL2U.

[wesley_]

+50% since yesterday, nice

[wesley_]

last 2 days nice :)

[MasterSalix]

Big gains over last few sessions since split....