0000854852-12-000032.txt : 20120926 0000854852-12-000032.hdr.sgml : 20120926 20120926105040 ACCESSION NUMBER: 0000854852-12-000032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120926 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120926 DATE AS OF CHANGE: 20120926 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Emrise CORP CENTRAL INDEX KEY: 0000854852 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRONIC COMPONENTS, NEC [3679] IRS NUMBER: 770226211 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10346 FILM NUMBER: 121110395 BUSINESS ADDRESS: STREET 1: 2530 MERIDIAN PARKWAY CITY: DURHAM STATE: NC ZIP: 27713 BUSINESS PHONE: 408-200-3040 MAIL ADDRESS: STREET 1: 2530 MERIDIAN PARKWAY CITY: DURHAM STATE: NC ZIP: 27713 FORMER COMPANY: FORMER CONFORMED NAME: MICROTEL INTERNATIONAL INC DATE OF NAME CHANGE: 19951117 FORMER COMPANY: FORMER CONFORMED NAME: CXR CORP DATE OF NAME CHANGE: 19920703 8-K 1 emriseform8-k9_26x12pressr.htm 8-K EmriseForm8-K9_26_12PressReleaseDMEAST_157207781


UNITED STATES
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): September 26, 2012
EMRISE CORPORATION
(Exact name of registrant as specified in its charter)

Delaware
001-10346
77-0226211
(State or other jurisdiction of incorporation)

(Commission File Number)
(IRS Employer Identification No.)
2530 Meridian Parkway, Durham, NC
27713
(Address of principal executive offices)
(Zip Code)

(408) 200-3040
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report.)


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))






Item 8.01    Other Events.

On September 26, 2012, EMRISE Corporation (the “Company”) issued a press release providing an operational update.

A copy of the Company’s press release is attached to this Current Report on Form 8-K as Exhibit 99.1 and incorporated herein by reference.

Item 9.01    Financial Statements and Exhibits.
(d)    Exhibits.

Exhibit No.    Description
99.1
Press release issued by the Company, dated September 26, 2012.*

* Filed herewith.





SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: September 26, 2012
 
EMRISE CORPORATION


 
 
 
By:
/s/ Carmine T. Oliva
 
 
Carmine T. Oliva
 
 
Chief Executive Officer







EXHIBIT INDEX

Exhibit No.    Description

99.1
Press release issued by the Company, dated September 26, 2012.*

* Filed herewith.





#PageNum#
EX-99.1 2 q3operationalupdate-finalx.htm EXHIBIT 99.1 Q3OperationalUpdate-FINAL-9-25-12


NEWS                    
EMRISE
CORPORATION
2530 Meridian Parkway
Durham, NC 27713
(408) 200-3040 • (408) 550-8340
www.emrise.com
                        


CONTACT:     
Allen & Caron Inc
Rene Caron (investors)
Len Hall (media)
(949) 474-4300
rene@allencaron.com
len@allencaron.com    


EMRISE CORPORATION PROVIDES OPERATIONAL UPDATE

Consolidated Results Negatively Impacted by Continued Weakness in U.S. Communications Business, Exchange Rate Fluctuations; Business Units in England and France Remain on Plan

DURHAM, NC – September 26, 2012…EMRISE CORPORATION (OTCQB: EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that due to continued weakness in the performance of its U.S. Communications Equipment business unit, and the significant projected impact of currency exchange rate fluctuations on consolidated revenues, the Company expects 2012 revenues will be similar to 2011 revenues and will not increase by the 11 percent to 14 percent as previously forecasted. However, its three principal business units in England and France continue to grow and perform as expected in the Company’s 2012 operating plan as denominated in their local currencies.

EMRISE also reconfirmed that it believes the Company will achieve operating profitability in the third and fourth quarters of 2012. However, due to the ongoing weakness of the Company’s U.S. Communications Equipment business unit and uncertainties caused by fluctuations in the exchange rate of the U.S. Dollar to the British Pound Sterling and Euro, the Company cannot reconfirm at this time that it will achieve net profits for the 2012 third and fourth quarters or profitability for the full year.

Chairman and Chief Executive Officer Carmine T. Oliva said, “We remain optimistic about our future and are firmly committed to completing the execution of our turnaround strategy. We have made significant progress in improving the Company’s performance since the beginning of 2011, and we remain encouraged by the size of our backlog and the continued strong performance of our business units in England and France, particularly with our English subsidiary’s order bookings of in-flight entertainment





and connectivity products, and our French subsidiary’s success with early acceptance of our new products in a broad range of markets.”

EMRISE will comment on its outlook for profitability in the 2012 fourth quarter and for the year when the Company announces its financial results for the third quarter ended September 30, 2012, in November of this year.

About EMRISE Corporation
EMRISE designs, manufactures and markets electronic devices, sub-systems and equipment for aerospace, defense, industrial and communications markets. EMRISE products perform key functions such as power supply and power conversion; radio frequency (RF) and microwave signal processing; and network access to public and private communications networks. The use of its network products in public and private, legacy and latest Ethernet and Internet Protocol (IP) networks is a primary growth driver for the Company's Communications Equipment business units. The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board In-Flight Entertainment and Connectivity systems is a primary growth driver for the Company's Electronic Devices business units. EMRISE serves the worldwide base of customers it has built in North America, Europe and Asia through operations in the United States, England and France. For more information on EMRISE, go to www.emrise.com.

EMRISE common stock trades under the symbol EMRI on OTCQB, the venture marketplace for companies that are current in their reporting with a U.S. regulator. Investors can find Real-Time quotes and market information for EMRISE at www.otcmarkets.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
The matters discussed in this press release, including without limitation EMRISE’s expectations regarding 2012 revenues and its ability to achieve operating profitability in the third and fourth quarters of 2012, as well as the statements regarding net profits for the 2012 third and fourth quarters or profitability for the full year are forward-looking statements that involve a number of risks and uncertainties. The actual future results of EMRISE Corporation could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, unforeseen technical issues, unexpected vendor or customer delays, and unexpected changes in the economic, political or overall business climate. The Company also refers you to those factors contained in the "Risk Factors" Section of EMRISE's Annual Report on Form 10-K for the year ended December 31, 2011, its Quarterly Reports on Form 10-Q, its Current Reports on Form 8-K filed in recent months, and other EMRISE filings with the SEC.
# # # #