EMRISE Corporation Files 2009 Annual Report
on Form 10-K in Compliance with Rule 12b-25
Extension Deadline
No Change to Previously Announced 2009 Unaudited Revenue, Operating Income/Loss and Pre-Tax
Income/Loss From Continuing Operations, or Balance Sheet Highlights
April 15, 2010 04:13 PM Eastern Daylight Time
EATONTOWN, N.J.--(EON: Enhanced Online News)--EMRISE CORPORATION (NYSE Arca: ERI), a
multi-national manufacturer of defense, aerospace and industrial electronic devices and communications equipment,
today announced that it has filed the Company’s Annual Report on Form 10-K for its year ended December 31,
2009 in compliance with the April 15, 2010 Rule 12b-25 extension deadline.
On March 31, 2010 the Company released partial, unaudited results for 2009, held a conference call to discuss
those results and announced it was filing a Form 12b-25 for an extension of time to file its Annual Report on Form
10-K. The extension was requested to provide EMRISE sufficient time to complete the procedures associated with
finalizing its consolidated financial statements and tax positions in connection with a) the March 22, 2010 sale of
substantially all the assets of its RO Associates subsidiary and b) the work related to the accounting and tax analyses
resulting from the Company’s other divestitures over the past 18 months, discontinued operations and its
international debt structure, which includes term debt and a revolver. EMRISE management also indicated at that
time that it was uncertain as to whether the tax analysis would materially affect prior periods.
EMRISE Chairman and Chief Executive Officer Carmine T. Oliva said upon the completion of the accounting and
tax analysis and the audit for the year ended December 31, 2009, it was determined that there were no material
changes to the previously announced revenue, operating income/loss from continuing operations, pre-tax income/loss
from continuing operations, or balance sheet highlights for 2009.
Oliva also said that the accounting a