-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, J7Ja8N7G19gQ2I7Oyi+ztlE4f34ujP8Sm5+ftAhMRP8OzzIxPYBtM/Eg01+XXZna 58zgHfEV30M0gllpX8+1gg== 0000912057-01-521166.txt : 20010627 0000912057-01-521166.hdr.sgml : 20010627 ACCESSION NUMBER: 0000912057-01-521166 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010626 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010626 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DIGITAL RECORDERS INC CENTRAL INDEX KEY: 0000853695 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 561362926 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13408 FILM NUMBER: 1667249 BUSINESS ADDRESS: STREET 1: 4018 PATRIOT DRIVE STREET 2: SUITE 100 CITY: DURHAM STATE: NC ZIP: 27703 BUSINESS PHONE: 9193612155 MAIL ADDRESS: STREET 1: 4018 PATRIOT DRIVE STREET 2: SUITE 100 CITY: DURHAM STATE: NC ZIP: 27703 8-K 1 a2052735z8-k.txt 8K SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K ------------------- CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): Commission File Number: JUNE 26, 2001 01-13408 ------------------- DIGITAL RECORDERS, INC. (Exact name of Registrant as specified in its charter) NORTH CAROLINA 56-1362926 (State of incorporation) (I.R.S. Employer Identification Number) 4018 PATRIOT DRIVE, SUITE 100 DURHAM, NORTH CAROLINA 27703 919\361-2155 (Address of principal executive offices and telephone number) ------------------- ITEM 5. On June 26, 2001, Digital Recorders, Inc. (the "Company") issued a press release announcing that it will not further extend its Redeemable Warrants to Purchase Common Stock (the Warrants) sold in the Company's public offering in November 1994. The Warrants may be exercised at any time prior to 5:00 P.M. Eastern Time on June 29, 2001, but not after that time. A copy of the press release is attached to this Form 8-K as Exhibit 99.1. ITEM 7. EXHIBITS
Exhibit No. Description ----------- ----------- 99.1 Press Release dated June 26, 2001
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DIGITAL RECORDERS, INC. Date: June 26, 2001 By: /s/ David L. Turney ------------------------------------ David L. Turney Chairman of the Board, President and Chief Executive Officer 2 EX-99.1 2 a2052735zex-99_1.txt EXHIBIT 99.1 Contact: David L. Turney, Chairman, CEO Digital Recorders, Inc. (919) 313-3003 davet@digrec.com In Chicago: Brien Gately (847) 296-4200 FOR IMMEDIATE RELEASE - --------------------- June 26, 2001 DIGITAL RECORDERS WARRANTS TO EXPIRE RESEARCH TRIANGLE PARK, N.C. - (June 26, 2001) Digital Recorders, Inc. (DRI) (NASDAQ-Small Cap: TBUS), a high-technology microelectronics company and developer of digital communications systems, today announced it will not further extend the 1,265,000 Redeemable Warrants to Purchase Common Stock (the Warrants). The Warrants may be exercised at any time prior to 5:00 P.M. Eastern Time on June 29, 2000 but not after that time. DRI develops technologically advanced digital communications systems for transit and transportation applications as well as digital signal processing equipment for law enforcement applications. Law enforcement market products include MCAP-Registered Trademark- and PCAP-Registered Trademark-. The company's transit and transportation systems include TALKING BUS-Registered Trademark-, an on-vehicle internal voice messaging and passenger information system, and the TwinVision LeDot-Registered Trademark- Destination Sign System - - a proprietary, electronic external destination sign. FOR MORE INFORMATION ABOUT DRI VISIT WEBSITE: HTTP://WWW.TIRC.COM/INVEST/DIGITAL/DR-PROFILE.HTM OR WWW.DIGREC.COM STATEMENTS WHICH ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS ABOUT THE COMPANIES CONFIDENCE AND STRATEGIES AND ITS EXPECTATIONS ABOUT NEW AND EXISTING PRODUCTS, TECHNOLOGIES AND OPPORTUNITIES, MARKET AND INDUSTRY SEGMENT GROWTH, DEMAND AND ACCEPTANCE OF NEW AND EXISTING PRODUCTS ARE FORWARD LOOKING STATEMENTS THAT INVOLVE RISKS AND UNCERTAINTIES. THE RISKS INCLUDE, BUT ARE NOT LIMITED TO, PRODUCT DEMAND AND MARKET ACCEPTANCE RISKS; THE IMPACT OF COMPETITIVE PRODUCTS AND PRICING; THE EFFECTS OF ECONOMIC CONDITIONS AND TRADE, LEGAL, SOCIAL AND ECONOMIC RISKS, SUCH AS IMPORT, LICENSING AND TRADE RESTRICTIONS; THE RESULT OF THE COMPANY'S BUSINESS PLAN AND THE IMPACT ON THE COMPANY OF ITS RELATIONSHIP WITH ITS LENDER. # # # # -----END PRIVACY-ENHANCED MESSAGE-----