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Digital Recorders, Inc. Management Expects Favorable Federal Budget Action for 2004 Transit Market Funding; CEO Expects a Slight Increase over 2003 Funding.

Publication: Business Wire
Publication Date: 10-SEP-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--Sept. 10, 2003

Digital Recorders, Inc. (DRI) (Nasdaq:TBUS), a market leader in transit, transportation and law enforcement digital-communications and audio-enhancement systems, announced today that recent appropriation actions involving more than $7 billion by both the U.S. Senate and House include increased funding to programs directly related to the Company's served domestic markets.

The Senate Appropriations Committee recently passed fiscal year 2004 appropriations, directing $7.31 billion to transit programs. The House previously acted in a similar fashion, directing $7.23 billion to transit programs. Reconciliation in joint committee work is expected to occur in September, leading to a final resolution potentially greater than last fiscal year's...

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