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October 18, 2019

Emrise Corporation

EMRISE CORPORATION having received the final remaining document required to confirm tax clearance has concluded the execution of its stockholder-approved voluntary plan of dissolution (the “Plan”), by initiating the distribution of the fifth and final liquidation dividend to its stockholders and winding down and dissolving the Company (the “Dissolution”). The Plan was approved by its stockholders at a special meeting held on June 25, 2015. 

EMRISE instructed its paying agent, VStock Transfer, LLC, to begin the process of distributing the fifth and final liquidation dividend of $626,032, or $0.0585 (5.85 cents) per share to its stockholders on October 17, 2019 (the “Final Distribution”).  Including the Final Distribution, there have been five liquidation dividends paid to EMRISE stockholders in the aggregate amount of $14,987,517, or $1.3785 per share of common stock.  The total number of shares of EMRISE common stock issued and outstanding and used in the calculation of all five liquidation dividends was 10,872,337. 

The Dissolution means that all the Company’s business operations and activities have ceased, and no further public announcements will be made by EMRISE. 

 

Stockholder Information


 

 

News Releases

Current News: Click on titles below to view the releases
  • EMRISE CORPORATION ANNOUNCES COMPLETION OF VOLUNTARY PLAN OF DISSOLUTION AND THE DISTRIBUTION OF THE FIFTH AND FINAL LIQUIDATION DIVIDEND TO ITS STOCKHOLDERS

    WOODBRIDGE, NJ – OCTOBER 18, 2019 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE or the “Company”), today announced that, having received the final remaining document required to confirm tax clearance, the Company has concluded the execution of its stockholder-approved voluntary plan of dissolution (the “Plan”), by initiating the distribution of the fifth and final liquidation dividend to its stockholders and winding down and dissolving the Company (the “Dissolution”).

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  • EMRISE CORPORATION PROVIDES UPDATE ON STATUS OF PROCESS TO COMPLETE STOCKHOLDER-APPROVED VOLUNTARY PLAN OF DISSOLUTION

    WOODBRIDGE, NJ – April 23, 2019 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE” or the “Company”), today said that, except for receiving an official tax clearance notice from one remaining State (“Notice”), it has completed virtually all steps necessary to conclude the previously announced stockholder-approved voluntary Plan of Dissolution (“Plan”) and wind down the Company’s remaining business and operations. EMRISE believes that it paid all taxes due the remaining State some time ago. The Plan was approved by the Company’s stockholders at a special meeting held on June 25, 2015.  Read more...
  • EMRISE CORPORATION COMMENTS ON STATUS OF PROCESS TO COMPLETE STOCKHOLDER-APPROVED VOLUNTARY PLAN OF DISSOLUTION AND CLOSE THE COMPANY

    WOODBRIDGE, NJ – October 12, 2018 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE” or the “Company”), today said that, except for receiving a small number of official state-tax clearance notices (“Notices”), virtually all the steps necessary to conclude the stockholder-approved voluntary Plan of Dissolution (“Plan”) and wind down the Company’s remaining business and operations have been completed. The Plan was approved by its stockholders at a special meeting held on June 25, 2015.  Read more...
  • EMRISE CORPORATION COMMENTS ON RECENT SEC FILING

    WOODBRIDGE, NJ – January 25, 2018 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today said that in a recent filing by the U.S. Securities and Exchange Commission (the SEC), the SEC reported that it had issued an order revoking registration of EMRISE securities, effective January 19, 2018, pursuant to Section 12 (j) of the Securities Act of 1934 (the Order).  EMRISE common stock was voluntarily delisted by the Company and trading of its common stock ceased on July 1, 2015.  When it made that announcement on June 30, 2015, EMRISE also said it planned to seek relief from certain of its reporting obligations under the Securities Exchange Act of 1934, as amended, to conserve its available resources and assets following its dissolution.Read more...
  • EMRISE CORPORATION ANNOUNCES DISTRIBUTION TO STOCKHOLDERS OF FOURTH LIQUIDATION DIVIDEND

    WOODBRIDGE, NJ – June 5, 2017 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that it has instructed its paying agent, VStock Transfer, LLC (Paying Agent), to begin the process of distributing the previously announced fourth liquidation dividend of $980,000, or $0.09 per share, to its stockholders of record as of the close of business on July 7, 2015 (the Distribution).Read more...