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Tidbits for short term traders.
Insider trades shows Taylor(CFO)and Turney(CEO)
each buying about a thousand shares each recently at
market value. Not much but it looks like they are
accumulating and Turney holds 120,000 shares plus already.
Also, did anyone else get a letter to the shareholders
from the CEO Turney? It sounded pretty upbeat. I
wonder if we may not get another contract announcement
Friday August 27, 8:33 am Eastern
Company Press Release
SOURCE: Digital Recorders,
Digital Recorders Announces New Orders
TRIANGLE PARK, N.C., Aug. 27 /PRNewswire/ -- Digital
Recorders, Inc. (Nasdaq: TBUS - news) today announced the
award of new orders totaling $2.6 million for its
TwinVision LeDot� Destination Sign Systems and Talking Bus�
Automatic Voice Annunciation Systems, primarily for year
2000 delivery. Both domestic and international
customers are involved.
The domestic order is for
use on San Francisco Municipal Railway transit bus
vehicles and encompasses the totally automated Global
Positioning Satellite message triggering Talking Bus System
integrated with the new generation TwinVision� Destination
The International order is for
TwinVision systems to be installed on transit bus vehicles
operated by Trans Island Bus in Singapore. This order was
placed through the DRI Transit Media GmbH subsidiary in
``These two orders are significant for several reasons,''
said David L. Turney, Digital Recorders Chairman and
CEO. ``First, they are repeat orders with customers
that know our capabilities to deliver advanced
technology at competitive prices. They are evidence of our
strategic advantage in advancing technology, including the
capability to combine and integrate the exterior and
interior passenger information systems. Also, they are
strategically important multi-million dollar markets for our
products where we continue to gain significant market
penetration,'' Mr. Turney said.
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.
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.
Digital Recorders, Inc.
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