-----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, CxJC7+saqo84eXNy4xKbwC+236ZfZkRq0UpY6GP3jhY15XB1bl6oexMVHixNOBgx I18oxS7jQe4qT67Zse1d4w== 0001104659-11-008927.txt : 20110222 0001104659-11-008927.hdr.sgml : 20110221 20110222170020 ACCESSION NUMBER: 0001104659-11-008927 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110222 ITEM INFORMATION: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110222 DATE AS OF CHANGE: 20110222 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: 11629187 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 a11-6300_18k.htm 8-K

 

 

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):  February 22, 2011

 

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.):

 

o            Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 3.01                                             Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

 

As previously disclosed, on February 8, 2011, the Board of Directors of EMRISE Corporation (the “Company”) approved a plan to voluntarily delist the Company’s common stock from the NYSE Arca and to quote its common stock on the OTC Bulletin Board (the “OTCBB”).  On February 22, 2011, the Company filed a Form 25 with the Securities and Exchange Commission to effect the delisting of its common stock from the NYSE Arca.  The delisting will become effective after the close of trading on February 22, 2011 and trading on the OTCBB will begin when the market reopens on February 23, 2011.

 

Item 8.01                                             Other Events.

 

On February 22, 2011, the Company issued a press release to announce that its common stock will begin trading on the OTCBB on February 23, 2011.

 

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 to announce that its common stock will begin trading on the OTCBB on February 23, 2011, dated February 22, 2011.*

 


* Filed herewith.

 

2



 

SIGNATURE

 

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.

 

Date: February 22, 2011

 

EMRISE CORPORATION

 

 

 

 

 

 

 

By:

/s/ Brandi L. Festa

 

 

Brandi L. Festa

 

 

Principal Accounting Officer

 

3



 

EXHIBIT INDEX

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release issued by the Company to announce that its common stock will begin trading on the OTCBB on February 23, 2011, dated February 22, 2011.*

 


* Filed herewith.

 

4


EX-99.1 2 a11-6300_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

EMRISE

NEWS

CORPORATION

 

 

 

2530 Meridian Parkway

 

Durham, NC 27713

 

(408) 200-3040 · (408) 550-8340

 

www.emrise.com

 

 

CONTACT:

Allen & Caron Inc

Brandi Festa

Rene Caron (investors) Len Hall (media)

Director Finance and Administration

(949) 474-4300

(408) 573-2705

rene@allencaron.com

bfesta@emrise.com

len@allencaron.com

 

EMRISE CORPORATION NEW TRADING SYMBOL WILL BE EMRI

 

DURHAM, NC — February 22, 2011 — EMRISE CORPORATION (NYSE Arca: ERI), a multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment, announced that it was notified by FINRA today that the Company’s common stock will begin trading on the OTC Bulletin Board (OTCBB), a nationally recognized electronic trading market, under the trading symbol EMRI at the open of the market on Wednesday, February 23, 2011.

 

EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said trading of the Company’s common stock on the OTCBB follows the Company’s recently announced voluntary delisting from NYSE Arca, which will be effective at the close of the market today, and FINRA’s approval of the Form 211 application filed by a market maker.

 

To provide improved transparency and visibility into the trading activity of EMRISE common stock, the Company directs its stockholders and interested investors to www.otcmarkets.com where they can access real time quotes and market trading activity on EMRISE stock, including real time Level II quotes from various market makers.

 

“The financial and operational strength of the Company has improved dramatically over the last several months, and we see improving prospects for business in 2011, due in part to indications of increasing growth in some of our key markets,” Oliva said.  “Our order rates have recently been better than ever as demonstrated by the nearly $8 million in orders announced in December and January, and we entered 2011 with a record backlog from continuing operations.  Due to the long delivery lead times of many of our custom-built products, we expect our growing backlog will drive meaningful increases in revenue and profitability in the latter half of 2011.”

 

He also noted that the Company believes the successful execution of its plans to grow revenue and profits organically and through strategic mergers and acquisitions will have a positive impact on the trading liquidity of its shares and increase stockholder value.  “Long term, our strategic objectives also call for the future listing of EMRISE common stock on a national exchange,” Oliva added.

 

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 and timing and synchronization of communications networks.  The use of its network products in network timing and synchronization in edge networks is a primary growth driver for the Company’s Communications Equipment business segment.  The use of its power supplies, RF and microwave signal processing devices and subsystems in on-board in-flight entertainment and connectivity (IFE&C) systems is a primary growth driver for the Company’s Electronic Devices business segment. 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, go to www.emrise.com.

 

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

 

With the exception of historical information, certain matters discussed in this press release, including the anticipated improved trading liquidity of the Company’s common stock and increase in stockholder value; the ability to obtain a listing for the Company’s common stock on a national exchange; the ability to successfully execute the Company’s plans to grow organically and through strategic merger and acquisition transactions; the ability to grow the Company and build stockholder value;  the improving prospects for business in 2011; the expectation of increases in growth in some of the Company’s key markets; and the expectation that its growing backlog will drive meaningful increases in revenue and profitability in the latter half of 2011 are forward looking statements within the meaning of the Private Securities Litigation Reform Act.  The actual future results of EMRISE could differ from those statements.  The Company 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, 2009, as amended, Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2010, its Current Reports on Form 8-K filed in recent months, and other EMRISE filings with the SEC.

 

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