- Madison L. Cox Jr. Has More Than 30 Years’ Experience in the U.S.
Transit Industry
- Joins the TwinVision na, Inc. Subsidiary Sales and Marketing Team
DRI
Corporation (NASDAQ: TBUS), a digital communications technology
leader in the global surface transportation and transit security
markets, announced today that Madison L. (Buddy) Cox Jr., has joined the
sales and marketing team of the Company's TwinVision na, Inc.
subsidiary, based in Durham, N.C.
David L. Turney, the Company's Chairman of the Board and Chief Executive
Officer, said: "Buddy is an exceptional sales professional with a proven
track record in the U.S. transit market. We are delighted to have him
join the sales and marketing team of our TwinVision na, Inc. subsidiary.
With Buddy's help, we hope to boost the growth of our U.S. electronic
destination sign systems business, as well as expand the prominence of
the TwinVision® brand."
Oliver Wels, the Company's President and Chief Operating Officer, Global
Operations, said: "Buddy's position should add considerable strength to
our global sales team. His position also should help us accelerate our
global market integration, as well as expand the synergies of our
TwinVision na, Inc. subsidiary and our Mobitec subsidiaries abroad. With
Buddy's help, we should be in a better position to take further
advantage of the strengths of all of our sales teams."
ABOUT BUDDY COX
Mr. Cox has more than 30 years' experience in the U.S. transit industry.
From January 2007 to May 2009, he served as Director of Private Sector
Sales at North American Bus Industries in Anniston, Ala. From July 1973
to January 2006, he held several leadership positions at Blue Bird
Corporation in Ft. Valley, Ga., including Director of Sales and
Marketing of Coachworks Bus and Coach; Regional Sales Manager, Southeast
Commercial Bus Sales; Sales Manager, Aftermarket Service Parts; Order
Analyst Supervisor, Aftermarket Service Parts; and Order Analyst,
Aftermarket Service Parts. Mr. Cox and his wife, Susan, have been
married for 34 years. They have two children and three grandchildren.
ABOUT THE TWINVISION NA, INC. SUBSIDIARY
Established in 1996, TwinVision na, Inc. designs, manufactures, sells,
and services TwinVision® electronic destination sign systems used on
public transit vehicles. With leading edge technology, the subsidiary
was the first established U.S. supplier to bring amber- and
multi-colored, solid-state displays to the U.S. market, innovatively
replacing the decades' old flip-dot, bulb, and ballast technology. For
more information, visit www.twinvisionsigns.com.
ABOUT THE COMPANY
DRI Corporation is a digital communications technology leader in the
global surface transportation and transit security markets. Our products
include: TwinVision® and Mobitec® electronic destination sign systems,
Talking Bus® voice announcement systems, Digital Recorders®
Internet-based passenger information and automatic vehicle
location/monitoring systems, and VacTell® video actionable intelligence
systems. Our products help increase the mobility, flow, safety, and
security of people who rely upon transportation infrastructure around
the globe. Using proprietary hardware and software applications, our
products provide easy-to-understand, real-time information that assists
users and operators of transit bus and rail vehicles in locating,
identifying, boarding, tracking, scheduling, and managing those
vehicles. Our products also aid transit vehicle operators in their quest
to increase ridership and reduce fuel consumption, as well as to
identify and mitigate security risks on transit vehicles. Positioned not
only to serve and address mobility, energy conservation, and
environmental concerns, our products also serve the growing U.S.
Homeland Security market. For more information about the Company and its
operations worldwide, go to www.digrec.com.
FORWARD-LOOKING STATEMENTS
This press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. In
particular, any statement, express or implied, concerning future events
or expectations, such as statements regarding the expected benefits of
Mr. Cox's employment with the Company, and which use words such as
"suggest," "expect," "fully expect," "expected," "appears," "believe,"
"plan," "anticipate," "would," "should," "goal," "potential,"
"potentially," "range," "pursuit," "run rate," "stronger,"
"preliminarily," "guidance," "may," etc., is a forward-looking
statement. These forward-looking statements are subject to risks and
uncertainties, including risks and uncertainties that the Company does
not realize the expected benefits of Mr. Cox's employment with the
Company over time, as well as the other risks and uncertainties set
forth in our Annual Report on Form 10-K filed April 15, 2010,
particularly those identified in Risk Factors Affecting Our Business.
There can be no assurance that any expectation, express or implied, in a
forward-looking statement will prove correct or that the contemplated
event or result will occur as anticipated.
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DRI Corporation Contact: Veronica B. Marks Vice
President, Corporate Communications and Administration Phone: (214)
378-4776 Fax: (214) 378-8437 E-Mail: ir@digrec.com |