Trans-Industries, Inc. Completes Private Sale of Common Stock
January 05 2006 - 4:27PM
PR Newswire (US)
AUBURN HILLS, Mich., Jan. 5 /PRNewswire-FirstCall/ --
Trans-Industries, Inc. (OTC:TRNI), a manufacturer of bus lighting
systems and information display products, announced today that the
Clark-Reliance Corporation completed the transaction to purchase
732,064 shares of common stock at $0.3415 per share on Tuesday,
January 3, 2006. The Clark-Reliance Corporation is a privately held
corporation. Mr. Harry E. Figgie, Jr., a Trans-Industries Board
member, is Chairman of the Board of the Clark-Reliance Corporation.
Certain other directors of Trans-Industries are also on the Board
of Clark- Reliance. Proceeds from this sale will be used for
working capital, financing expenses and the reduction of certain
term debt held by the Company's present lender. 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/ . 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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