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Taglich Brothers Initiates Coverage
on DRI Corporation
NEW YORK, April 14, 2008 – Taglich Brothers, Inc.
announces it initiated coverage of DRI Corporation (TBUS.OB).
DRI markets passenger information communication
vehicle location, monitoring and security products to passenger bus and
railway car manufacturers, and transport system operators. Roughly 70%
to 75% of current sales consist of on-board programmable electronic
vehicle information sign systems. The remainder consists of Intelligent
Transportation Systems (ITS), mainly global positioning system
(GPS)-based location, monitoring and video security monitoring systems
that provide central monitoring facilities with real-time information
that assists users and operators of transit bus and rail vehicles in
locating, identifying, tracking, scheduling, and surveiling vehicles.
ITS systems support transit system operators’ efforts to increase
passenger throughput and loads, reduce fuel consumption, and identify
and mitigate security risks on their vehicles. Overseas expansion,
mainly through several 2001 acquisitions, significantly increased the
scale of DRI’s operations, giving the company, through its Mobitec
subsidiaries, a direct presence in the Nordic countries, Germany,
Australia and (South America) Brazil and the Middle East , from which
sales are made to more than 500 overseas markets.
The complete 21-page report is available at
www.taglichbrothers.com.
Taglich Brothers, Inc. is a full-service broker dealer
focused exclusively on microcap companies. The Company defines the
microcap segment of the equity market as companies with less than $250
million in market capitalization. Taglich Brothers currently offers
institutional and retail brokerage services, investment banking and
comprehensive research coverage to the investment community.
*We do not undertake to advise you as
to changes in figures or our views. This is not a solicitation of any
order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its
clearing firm, Pershing, LLC, is not a market maker and does not sell to
or buy from customers on a principal basis. The above statement is the
opinion of Taglich Brothers, Inc. and is not a guarantee that the target
price for the stock will be met or that predicted business results for
the company will occur. There may be instances when fundamental,
technical and quantitative opinions contained in this report are not in
concert. We, our affiliates, any officer, director or stockholder or any
member of their families may from time to time purchase or sell any of
the above-mentioned or related securities. Analysts and members of the
Research Department are prohibited from buying or selling securities
issued by the companies that Taglich Brothers, Inc. has a research
relationship with, except if ownership of such securities was prior to
the start of such relationship, then an Analyst or member of the
Research Department may sell such securities after obtaining expressed
written permission from the Director of Research. As of the date of this
report no Taglich Brothers, Inc. employees had a position in the stock
of the Company mentioned in this report: All research issued by Taglich
Brothers, Inc. is based on public information. In February, 2008, the
company paid a monetary fee of US$3,000, with another US$3,000 payable
in April, 2008, for the creation and dissemination of research reports.
Thereafter, the company will pay a monetary fee of US$1,750 monthly for
the continued creation and dissemination of research reports for a
one-year period commencing with the publication of an initial research
report. For further information and Taglich Brothers, Inc. ownership
data please refer to each individual report. |