Date: Thu, 18 Dec 1997 22:54:32 GMT Server: Apache/1.2b10 Last-Modified: Thu, 13 Nov 1997 21:48:57 GMT ETag: "188d3e-12ee-346b75c9" Content-Length: 4846 Accept-Ranges: bytes Connection: close Content-Type: text/html
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Investor Contact:
Angela D. Toppi
Senior Vice President and Chief Financial Officer
Trans-Lux Corporation, 110 Richards Avenue, Norwalk, CT 06856-5090
(203) 853-4321 Ext. 368
(203) 866-9496 (Fax)
Email: angela.toppi@internetmci.com
Corporate Strategy
Trans-Lux has one of the largest rental bases of installed electronic displays in North America. Aggressive entry into new product lines and markets, acquisitions in the outdoor market and a renewed commitment to entertainment have significantly boosted Trans-Lux's growth over the past five years. To sustain continued growth, Trans-Lux completed a public offering for $31,625,000 of 7-1/2% Convertible Subordinated Notes due 2006 which included the over-allotment option. The proceeds from the offering are being used to finance expansion of our rental equipment base, to expand sales, marketing and product development efforts, to repay certain indebtedness and for general corporate purposes. A portion of the net proceeds may also be used for acquisitions and for the development of additional theatres.
Recent Highlights
- 1996 revenues were the highest in company history, having doubled in the past five years.
- Approximately 49% of total revenues are recurring.
- The 1996 year-end stock price was up 37.5% over the 1995 year-end price.
- EPS has increased 77% over the past five years.
- Revenues are up 20% over last year.
- Trans-Lux is currently selling at approximately 13 times 1996 earnings, 4.8 times 1996 cash flow and two thirds of book value.
- Recent acquisition of Fairtron Corporation's catalog and custom scoreboard business provides Trans-Lux with a dominant position in the outdoor market.
Selected Clients
American Express - AMEX - Auburn University - Bally's - Bermuda Airport - Chase Manhattan Bank - Chicago Mercantile Exchange - Delta - Fidelity Investments - Foxwoods Casino - Hewlett Packard - Hong Kong Jockey Club - Hughes Aircraft - Jack Murphy Stadium - Kaiser Permanente - McDonalds - MGM Grand - Mirage Hotel & Casino - NYMEX - Paine Webber Group - Sony Theatres - Sydney Futures Exchange - T.J. Maxx - The Spectrum - University of Alabama - USA News Network - Via Rail Canada
Phone (USA): 1-203-853-4321 Toll free: 1-800-243-5544 Email: sales@www.trans-lux.com
Copyright 1996 Trans-Lux Corporation. All Rights Reserved.