EXHIBIT 99.1
Digital Recorders, Inc. Shareholders Elect New Director
DALLAS--(BUSINESS WIRE)--June 4, 2004--Digital Recorders, Inc.
(DRI) (Nasdaq:TBUS), a market leader in transit, transportation and
law enforcement digital communications and audio enhancement systems,
announced that its shareholders elected Nuria I. Fernandez to a
three-year term on its Board of Directors during the recent Annual
Meeting of Shareholders.
"We are grateful to have Nuria join our team as a director. Given
her transit industry and federal level experience and relationships,
she brings valuable insight and knowledge to the Company. Our
shareholders will be well served, and I am both delighted and honored
to have her clear, objective, and market-focused thinking on our
team," David L. Turney, the Company's Chairman, Chief Executive
Officer, and President, said.
ABOUT NURIA I. FERNANDEZ
Nuria I. Fernandez serves as Senior Vice President of Business
Development at Earth Tech, an engineering consulting firm
headquartered in Long Beach, Calif., and owned by Tyco International
Ltd. (NYSE:TYC). Working from Earth Tech's Alexandria, Va., office
since 2001, Ms. Fernandez is responsible for expanding Earth Tech's
transportation business opportunities in the U.S. and abroad.
From 1997 to 2001, Ms. Fernandez was Deputy Administrator and
Acting Administrator at the Federal Transit Administration, U.S.
Department of Transportation, in Washington, D.C., where she managed
and directed operations for the 500-employee agency responsible for
securing funding for planning, design, construction, and technology
for bus and rail systems in the U.S. and its territories. She also
established policies and developed guidelines on the implementation of
rules and regulations that governed federally funded mass transit
programs.
From 1994 to 1997, she led the design and construction division of
the Washington Metropolitan Area Transit Authority in Washington, D.C.
From 1989 to 1993, she served as Senior Vice President of the
Chicago Transit Authority. From 1982 to 1989, she served as
Coordinating Engineer of the City of Chicago's Department of Public
Works, where she was involved with the $1.2 billion expansion of
O'Hare International Airport.
Ms. Fernandez has received numerous transit industry awards,
including:
-- the Minority Business and Professionals' Outstanding
Leadership Award;
-- the Woman's Transportation Seminar Woman of the Year and
National Member of the Year awards;
-- the Conference of Minority Transportation Officials' Women in
Transportation Award; and
-- the White House Elizabeth Cady Stanton Achievement Award.
Ms. Fernandez received a Bachelor of Science degree in Civil
Engineering from Bradley University and a Master of Science degree in
Business Administration from Roosevelt University.
ABOUT THE COMPANY
Digital Recorders, Inc. is a market leader in transit,
transportation and law enforcement digital communications and audio
enhancement systems using proprietary software applications. Our
products improve the flow and mobility of people through
transportation infrastructure, mitigate security threats, and enhance
law enforcement agencies' surveillance capabilities. Our transit
communications products -TwinVision(R) and Mobitec route destination
signage systems, Talking Bus(R) voice announcement systems, and
Internet-based, automatic vehicle locating and monitoring systems -
enhance public transportation and mitigate security threats worldwide.
Our electronic surveillance tools, including microphone amplifiers and
processors, countermeasures devices, speech activity detectors, and
radio/television noise cancellers, help law-enforcement agencies
around the globe detect, capture, arrest and prosecute criminals. For
more information about DRI and its operations worldwide, go to
www.digrec.com.
FORWARD-LOOKING STATEMENTS
This press release contains "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 is a forward-looking statement. Use of words
such as "expect," "fully expect," "expected," "appears," "believe,"
"plan," "anticipate," "would," "goal," "potential," "potentially,"
"range," "pursuit," "run rate," "stronger," "preliminarily," etc., is
intended to identify forward-looking statements that are subject to
risks and uncertainties, including those described below. 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. It is important to note the
Company's actual results could differ materially from those
contemplated in the Company's forward-looking statements as a result
of various factors. Among other factors, the Company's results will be
affected, perhaps materially, by general economic conditions, the
availability of national government assistance and funding to local
transportation authorities, the adoption and implementation of
regulations concerning public transportation services, product demand
and market acceptance risks, the effect of import, licensing and trade
restrictions, the results of implementing the Company's business plan,
the impact on the Company of its relationship with its lenders, the
plans and prospects of competitors, the impact of competitive products
and pricing, currency fluctuations, infringement by third parties of
the Company's trade secrets and other intellectual property, the
burdens and costs of defending against potential infringement claims
against the Company, and our ability to attract and retain personnel.
Refer to the Company's various Securities and Exchange Commission
filings, such as its Forms 10-Q and 10-K, for further information
about forward-looking statements and risks associated with the
Company's business.
CONTACT: Digital Recorders, Inc., Dallas
Veronica B. Marks, 214-378-4776
Fax: 214-378-8437
veronicam@digrec.com