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  • 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...
  • EMRISE CORPORATION ANNOUNCES ESTIMATED DATE AND AMOUNT OF FOURTH LIQUIDATION DIVIDEND DISTRIBUTION TO STOCKHOLDERS

    WOODBRIDGE, NJ – May 12, 2017 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a fourth liquidation dividend distribution to its stockholders totaling approximately $980,000, or $0.09 per share, during the week of June 5, 2017 (the Distribution). When paid, the Distribution will bring the aggregate total of the four liquidation dividends paid to EMRISE stockholders to date to approximately $14.35 million, or $1.32 per share of common stock.Read more...
  • EMRISE CORPORATION ANNOUNCES 2016 YEAR-END UPDATE

    WOODBRIDGE, NJ – December 15, 2016 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the execution of its previously announced voluntary plan of dissolution, (the “Plan”) is proceeding in accordance with the Company’s expectations, and that pursuant to the Plan it is continuing to fulfill its fiduciary responsibilities and satisfy its financial obligations. The Plan was approved by EMRISE stockholders at a special meeting held on June 25, 2015, and became effective July 1, 2015. 

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  • EMRISE CORPORATION ANNOUNCES DISTRIBUTION TO STOCKHOLDERS OF THIRD LIQUIDATION DIVIDEND

    WOODBRIDGE, NJ – October 24, 2016 – 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 third liquidation dividend of $0.12 per share (the Distribution) to its stockholders of record as of the close of business on July 7, 2015.

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  • EMRISE CORPORATION ANNOUNCES ESTIMATED DATE AND AMOUNT OF THIRD LIQUIDATION DIVIDEND DISTRIBUTION TO STOCKHOLDERS

    WOODBRIDGE, NJ – September 23, 2016 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to its stockholders totaling approximately $1,300,000, or $0.120 per share during the week of October 24, 2016 (the Distribution).  When paid, the Distribution will bring the aggregate total of the three liquidation dividends paid to date to stockholders to $1.23 per share of common stock.

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  • EMRISE CORPORATION REDUCES SIZE OF BOARD OF DIRECTORS; PROVIDES UPDATE ON PLAN OF DISSOLUTION

    WOODBRIDGE, NJ – May 18, 2016 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), announced today that the Company, as planned, has reduced the size of its Board of Directors from three Directors to one with the resignations of Julie A. Abraham and Otis W. Baskin, effective, May 17, 2016.  Frank P. Russomanno will remain on the Board and continue to serve as the Executive Director of the Company.

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  • EMRISE CORPORATION ANNOUNCES SECOND LIQUIDATION DISTRIBUTION TO STOCKHOLDERS

    WOODBRIDGE, NJ – April 19, 2016 – 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 sending the previously announced second liquidation distribution of $0.36 per share (the Distribution) to its stockholders of record as of the close of business on July 7, 2015. 

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  • EMRISE CORPORATION ANNOUNCES DATE AND AMOUNT OF SECOND LIQUIDATION DISTRIBUTION TO STOCKHOLDERS

    WOODBRIDGE, NJ – March 15, 2016 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a second liquidation distribution to its stockholders in the amount of $0.36 per share (approximately $3.9 million in the aggregate) during the week of April 19, 2016 (the Distribution).  Stockholders of record as of the close of business on July 7, 2015 will be entitled to receive the Distribution. 

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  • EMRISE CORPORATION CLOSES SALE OF CXR ANDERSON JACOBSON IN FRANCE

    WOODBRIDGE, NJ – February 18, 2016 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that it has completed the sale (the Transaction) of all of the issued and outstanding stock of CXR Anderson Jacobson S.A.S. based in France (CXR-AJ) to Carmine T. and Georgeann Oliva (the Purchaser), pursuant to the terms of a Stock Purchase Agreement dated February18, 2016 (the Purchase Agreement).  Mr. Oliva is the former chairman and CEO of EMRISE Corporation and he was also the President of CXR-AJ.

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  • EMRISE CORPORATION SIGNS LETTER OF INTENT TO SELL CXR-ANDERSON JACOBSON IN FRANCE

    WOODBRIDGE, NJ – December 28, 2015 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE” or the “Company”), today announced that it has signed a Letter of Intent to sell all of the issued and outstanding stock of CXR Anderson Jacobson S.A.S. based in France (“CXR-AJ”) to Carmine T. and Georgeann Oliva or an entity that would be wholly owned by them (the “Purchaser”). Oliva is the former Chairman and CEO of EMRISE Corporation, and he was also the President of CXR-AJ.

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  • EMRISE REVISES RECORD DATE TO JULY 7, 2015

    WOODBRIDGE,NJ – December 9, 2015 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE” or the “Company”), today announced that it has revised the previously announced record date for its initial liquidating distribution in the amount of $0.75 per share of common stock from July 1, 2015 to July 7, 2015. The effective date for payment of the distribution on December 1, 2015 remains unchanged.

    CONTACT:
    DresnerAllenCaron
    Rene Caron (investors)
    (949) 474-4300
    rcaron@dresnerallencaron.com

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  • EMRISE CORPORATION ANNOUNCES INITIAL DISTRIBUTION OF $0.75 PER SHARE TO ITS STOCKHOLDERS IN CONNECTION WITH ITS VOLUNTARY PLAN OF DISSOLUTION

    WOODBRIDGE, NJ – December 3, 2015 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE” or the “Company”), today announced that the initial distribution of $0.75 per share to its stockholders of record as the close of business on July 1, 2015, was initiated on December 1, 2015, as previously announced on November 16, 2015.  The initial distribution was made in connection with the Company’s previously announced voluntary Plan of Dissolution (the “Plan”) that was approved by its stockholders at a special meeting of stockholders held on June 25, 2015.

     

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  • EMRISE CORPORATION PROVIDES ADDITIONAL UPDATE ON STATUS OF PREVIOUSLY ANNOUNCED PLAN OF DISSOLUTION

    WOODBRIDGE,NJ – November 16, 2015 – EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (“EMRISE” or the “Company”), today provided its stockholders with an additional update on the status of its previously announced voluntary Plan of Dissolution (the “Plan”) that was approved by its stockholders at a special meeting of stockholders held on June 25, 2015.

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  • EMRISE CORPORATION CLOSES TRANSACTION TO SELL ITS ELECTRONIC DEVICES BUSINESS TO DATA DEVICE CORPORATION

    Announces Date of Filing of Certificate of Dissolution

    DURHAM, NC – June 30, 2015 – EMRISE CORPORATION (OTCQB: EMRI) (“EMRISE” or the “Company”), today announced that it has completed the sale of its electronic devices business unit, which constitutes the sale of substantially all of its assets (the “Transaction”), to an affiliate of Data Device Corporation (“DDC”).  The Company entered into a stock purchase agreement dated March 22, 2015 (the “Purchase Agreement”) to sell its electronic devices business unit to DDC, subject to various closing conditions, including stockholder appRead more...

  • EMRISE ANNOUNCES 2015 FIRST QUARTER RESULTS

    DURHAM, NC – May 15, 2015 – EMRISE CORPORATION (OTCQB: EMRI), (“EMRISE” or the “Company”) a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced its financial results for the first quarter ended March 31, 2015.  

     

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  • EMRISE CORPORATION ANNOUNCES SPECIAL MEETING OF STOCKHOLDERS TO APPROVE SALE OF SUBSTANTIALLY ALL OF ITS ASSETS, A PLAN OF LIQUIDATION AND DISSOLUTION AND RELATED MATTERS

    Mails Definitive Proxy Statement and Proxy Card to Stockholders

     Urges Stockholders to Vote their Shares “FOR” All Proposals

     

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  • EMRISE ANNOUNCES 2014 FOURTH QUARTER AND YEAR-END RESULTS

    DURHAM, NC – March 31, 2015 – EMRISE CORPORATION (OTCQB: EMRI), (“EMRISE” or the “Company”) a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, today announced its financial results for the fourth quarter and year ended December 31, 2014.   

     

    Overall net sales in the 2014 fourth quarter were $10.0 million compared with $9.5 million in the 2013 fourth quarter, and for the full year, net sales in 2014 were $35.7 million compared with $31.9 million in 2013. 

     

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  • EMRISE Corporation Announces Agreement to Sell Its Electronic Devices Business Unit to Data Device Corporation

    DURHAM, NC –March 23, 2015 – EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment (“Emrise” or the “Company”), today announced that it has entered into a stock purchase agreement (the “Purchase Agreement”) with an affiliate of Data Device Corporation (“DDC”)  to sell all of the issued and outstanding shares of the common stock of the Company’s wholly owned subsidiary, EMRISE Electronics Ltd.Read more...