Brooks, Houghton Interim Funding
Announces
$5.0 Million Investment in DRI Corporation
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June 30, 2008 - BHC invested $5.0 million in DRI Corporation, Inc. in the form of a senior subordinated note. The BHC proceeds are being used to support planned growth.
Headquartered in Dallas, TX, DRI Corporation (NASD: TBUS) is a digital communications provider serving the global public and private mass transportation and transit security market. These markets primarily include bus systems, rail cars and rental cars. DRI manufactures and sells electronic destination sign systems, voice announcement systems, passenger information systems, automatic vehicle location/monitoring systems, and video-based intelligence systems. DRI sells its products, both directly and through transportation vehicle manufacturers, to end-users such as federal, state and local transportation departments and municipalities. Founded in 1983 in North Carolina, DRI is publicly traded on the NASDAQ under the ticker symbol "TBUS".
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Φ BHC Interim Funding, L.P. – Φ Brooks, Houghton & Company, Inc.
444 Madison Avenue • 25th Floor • New York, NY 10022• Phone: (212) 753-1991 • Fax: (212) 753-7730
263 Tresser Boulevard • Stamford, CT 06901 • Phone: (203)-564-1979 • Fax: (203)-564-1402
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