Trans-Lux Corp (TNLX)

[Enterprising Investor]

Trans-Lux Corporation Announces Results of its Offer to Purchase Outstanding Notes and Debentures (7/25/16)

New York, NY, July 25, 2016 – Trans-Lux Corporation (OTC: TNLX), a leading supplier of innovative display and energy efficiency solutions, announced today the final results of its offers to purchase all of its outstanding 8¼% Notes and 9½% Debentures due 2012 for cash at a purchase price of $0.20 for each dollar of principal of each Note and Debenture outstanding, without interest. The Company accepted validly tendered Notes and Debentures having an aggregate principal value of $353,000, and forwarded to DTC the corresponding consideration to complete the purchase. The announcement was made by J.M. Allain, President and CEO of Trans-Lux.

“When these Notes and Debentures were near maturity in 2011, we had over $11.1 million outstanding; today, we have only $607,000 remaining outstanding. Moreover, we continue to seek out holders with the goal of settling 100% of our obligations,” said Mr. Allain.

About Trans-Lux

Trans-Lux Corporation is a leading designer and manufacturer of TL Vision digital video displays and TL Energy LED lighting solutions for the financial, sports and entertainment, gaming, education, government, and commercial markets. With a comprehensive offering of LED Large Screen Systems, LCD Flat Panel Displays, Data Walls and scoreboards (marketed under Fair-Play by Trans-Lux), Trans-Lux delivers comprehensive video display solutions for any size venue’s indoor and outdoor display needs. TL Energy enables organizations to greatly reduce energy related costs with green lighting solutions. For more information, please visit www.Trans-Lux.com or email [e-mail].

http://www.prnewswire.com/news-releases/trans-lux-corporation-announces-results-of-its-offer-to-purchase-outstanding-notes-and-debentures-300303616.html