EMRISE CORPORATION (NYSE Arca:ERI), a designer, manufacturer and marketer of proprietary electronic devices and communications equipment for aerospace, defense, industrial, and communications applications, announced today that it will release its financial results for the third quarter and nine months ended September 30, 2008, before the market opens on Thursday, November 6, 2008, and will host a conference call at 1:30 p.m. Eastern Time that same day.
During the conference call management will discuss the Company’s financial results for the third quarter and first nine months of this year, as well as announce the results of the vote of its Special Stockholders Meeting, which will be held just prior to the conference call. In addition, management plans to review its financial outlook for the 2008 fourth quarter, including the expected positive contribution of its new acquisition Advanced Control Components, Inc. (“ACC”). Management’s discussion will also focus on improving trends in gross margin and backlog as well as the Company’s liquidity and working capital. Management will also discuss its market strengths in relation to the growing global recession and its financial strength in the face of ongoing turmoil in the capital markets.
To join the call, dial toll-free (877) 407-8031 five minutes prior to the scheduled start time. For callers outside the United States, dial (201) 689-8031. A live webcast of the call may also be accessed at http://www.investorcalendar.com/IC/CEPage.asp?ID=136804. An archived replay of the webcast will be available shortly after the call for 90 days through the same web link listed above or via telephone toll free at (877) 660-6853 and for callers outside the U.S. (201) 612-7415, conference ID # 301865 and account number 286. The telephone and webcast replay will be available for 90 days.
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; digital and rotary switching; RF and microwave transmission; and network access, including timing and synchronization of communications networks. Primary growth driver applications for EMRISE products include commercial avionic “In-Flight Entertainment and Communications” products and communications “Network Timing and Synchronization” equipment. EMRISE serves customers in North America, Europe and Asia through operations in the United States, England, France and Japan. The Company has built a worldwide base of customers including all of the Fortune 100 in the U.S. that do business in markets served by EMRISE and many similar-size companies in Europe and Asia. For more information, go to www.emrise.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, the matters discussed in this press release, including without limitation the ability for ACC to positively impact EMRISE’s fourth quarter results, the ability to report improving trends in net sales, gross margin, profitability, and backlog as well as the Company’s liquidity and working capital in the third or fourth quarter of 2008 or any other future periods, market strengths in relation to the growing global recession and its financial strength in the face of ongoing turmoil in the capital markets, are all forward-looking statements that involve a number of risks and uncertainties. The actual future results of EMRISE CORPORATION could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to an inability to ship or deliver products on scheduled delivery dates due to technical issues, quality issues, raw material shortages, manufacturing difficulties, or due to changes in customer requirements. In addition, recent and/or future changes in the overall economic, political and business climates may prevent EMRISE from successfully achieving its expected results. Finally, readers should consider those factors contained in the “Risk Factors” Section of the Company’s Form 10-K for the year ended December 31, 2007, and other Company filings.
Contacts:
John Donovan
Vice President Finance and
Administration
909-987-9220 ext. 3201
jdonovan@emrise.com
or
Allen
& Caron Inc
Dan Matsui (investors), Len Hall (media)
949-474-4300
d.matsui@allencaron.com
len@allencaron.com
