TRNI Trans-Industries (MM)

Trans-Industries, Inc. Reports First-Quarter 2005 Results AUBURN HILLS, Mich., May 13 /PRNewswire-FirstCall/ -- Trans-Industries, Inc. (NASDAQ:TRNI), a leading manufacturer of interior bus lighting products, electronic information systems and software, plus dust extraction systems and related components for the mass transit and highway markets, today announced results for the first quarter ended March 31, 2005. Sales for the quarter totaled $5.3 million compared with $7.5 million for the same period last year. Most of this decline was attributable to decreased sales of the Company's lighting products and its digital display products. On this reduced volume, a net loss of $911,000, or $.29 per share, was incurred compared with a loss of $267,000, or $0.09 per share, for the same quarter last year. The reduction in lighting products revenues was a result of reduced transit bus production, lower demand for the Company's modular parcel racks, and market acceptance of a competitor's product. Reduced sales of digital display products were primarily attributable to reduced sales of overhead highway signs. Sales of dust abatement equipment recorded a moderate increase of $348,000 for the first quarter of 2005 compared with the same quarter of 2004. The Company continues to focus on improving profitability and cash flow by reducing corporate management expenses, matching the workforce size to sales volumes, and reducing fixed costs through manufacturing plant consolidations. The Company's strategic market refocusing has begun to create some new orders and new customers. About the Company The Company is a leading provider of lighting systems and related components to the mass transit market as well as a supplier of information hardware and software solutions on Intelligent Transportation Systems (ITS) and mass transit projects. ITS utilizes integrated networks of electronic sensors, signs and software to monitor road conditions, communicate information to drivers and help transportation authorities better manage traffic flow across their existing infrastructures. Forward-Looking Statements: Except for statements of historical fact, this news release contains certain forward-looking statements about the Company. Such statements are subject to significant risks and uncertainties including changes in economic and market conditions, management of growth, and other risks noted in the Company's SEC filings, which may cause actual results to differ materially. Visit Trans-Industries at http://www.transindustries.com/ Financial Tables Follow ..... Trans-Industries, Inc. Sales and Earnings Report (Unaudited) Quarter Ended March 31, 2005 First Quarter Ending March 31 2005 2004 Sales $5,269,183 $7,534,929 Cost of Sales 4,175,441 5,605,874 Gross Profit 1,093,742 1,929,055 Selling, Gen. & Admin. Exp. 1,869,752 1,965,333 Interest 120,824 162,508 Restructuring Costs 0 75,601 Other (19,990) (6,931) Total Expenses 1,970,586 2,196,511 Earnings/(Loss) Before Income Taxes (876,844) (267,456) Income Taxes/(Benefit) 0 0 Net Income/(Loss) (876,844) (267,456) Preferred Dividend (33,716) 0 Net Earnings/(Loss) Available to Common Shareholders $(910,560) $(267,456) Earnings/(Loss) Per Share $(0.29) $(0.09) Weighted Average Number of Shares Outstanding 3,139,737 3,139,737 ************************************************************************** Consolidated Balance Sheet (Unaudited) First Quarter Ending March 31 Assets: 2005 2004 Total Current Assets $ 10,708,060 $ 15,843,592 Net Fixed Assets 1,885,191 3,553,755 Other Assets 1,561,542 544,013 Total Assets $ 14,154,793 $ 19,941,360 Liabilities and Shareholders' Equity: Total Current Liabilities $ 10,928,323 $ 13,260,300 Long-Term Debt 175,415 294,173 Shareholders' Equity 3,051,055 6,386,887 Total Liabilities and Shareholders' Equity $ 14,154,793 $ 19,941,360 DATASOURCE: Trans-Industries, Inc. CONTACT: Kai Kosanke, Chief Financial Officer of Trans-Industries, +1-248-364-0400 Web site: http://www.transindustries.com/

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