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trans-lux corp (TNLX) Key Developments

Trans-Lux Introduces Innovative TL Vision Court Side LED Displays

Trans-Lux Corporation has released a new series of modular Court Side LED Displays under its premier TL Vision brand. The units provide a high-performance LED display in a sturdy steel frame optimized for reduced weight to allow the systems to be easily stored, moved and set up. TL Vision Court Side LED Displays are available in 8- and 10-foot configurations with either 6mm or 10mm pitches with pixel counts ranging from 64x224 pixels to 112x480 pixels depending on their length and pitch selection. To provide customers with even greater flexibility, each modular unit can be custom-ordered as a stand-alone scoreboard, TL Vision scoreboard, TL Vision display, rear-illuminated sign or non-illuminated sign. Multiple units can be connected end-to-end to create LED displays tailored to specific events. Additional features of the new TL Vision Court Side LED Displays include an adjustable display angle of 0, 3 or 6 degrees; six casters for even weight distribution and ease of mobility; and an internal cable tray to hide and protect cables and wires. Rather than requiring equipment to be stacked on the table top or within a separate rack unit, TL Vision Court Side LED Displays incorporate rack-mount space that is hidden from view to reduce clutter and protect equipment. The folding table tops incorporated into the TL Vision Court Side LED Displays are designed to avoid damage during setup and maximize storage space. To provide safety the unit features padded tops and ends, which can be easily removed to access the cable tray or knobs for adjusting both display angle and alignment.

Trans-Lux Names Alex Gomez as Chief Revenue Officer

Trans-Lux Corporation announced the appointment of Alex Gomez as Chief Revenue Officer (CRO). As CRO, Mr. Gomez will be responsible for growing overall company revenues and overseeing all sales and marketing across Trans-Lux's extensive product portfolios. He will also serve as relationship manager for the company's core clients. Prior to joining Trans-Lux, Mr. Gomez co-founded the consulting practice within Van Wagner Sports and Entertainment, servicing brands such as DirecTV, MetLife, Pepsi, NBTY, Ford and others.

Trans-Lux Corporation Names Alberto Shaio as Chief Operating Officer

Trans-Lux Corporation announced the appointment of Alberto Shaio as Chief Operating Officer, a new position within the company. As COO, Mr. Shaio will manage Trans-Lux's operations and organizational development, focusing on performance management to shape the company for continued success and strategic growth. Mr. Shaio currently sits on the company Board of Directors. Prior to joining the company, Mr. Shaio was the President and CEO of Craftsman Industries. He is currently President of the Linda Shaio Foundation, a non-profit organization dedicated to the performing arts and Spanish education.

Trans-Lux Corporation Appoints Yaozhong Shi as a Class B Member of the Board of Directors

Trans-Lux Corporation announced that on June 27, 2014, the Board of Directors appointed Yaozhong Shi as a Class B member of the Board of Directors of the company, thereby filling the vacancy left by the departure of Jean Firstenberg, to serve until the Annual Meeting of Stockholders in 2016, or until his successor is duly elected and qualified. Mr. Shi is the Chairman of Retop Industrial (Hong Kong) Limited.

Trans-Lux Corporation Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Trans-Lux Corporation reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $6.5 million, up from $4.1 million for the three months ended March 31, 2013. Revenues for the first quarter of 2014 included a digital display for the Charlotte Knights new AAA baseball stadium completed as a partnership with Toshiba, as well as a few digital displays for World Cup venues in Brazil. EBITDA from continuing operations for the quarter improved to $697,000 as compared to LBITDA from continuing operations of $375,000 in the same quarter of 2013. Loss from continuing operations for the first quarter of 2014 was reduced to $162,000 or $0.15 per basic & diluted share, compared with a loss from continuing operations of $1.3 million or $1.30 per basic & diluted share in the first quarter of 2013. Higher digital display revenues and lower general and administrative expenses are the primary reasons for the improvements. Total EBITDA was $697,000 compared to $647,000 for the same period a year ago. Total loss per basic and diluted share was $0.15 compared to $0.30 for the same period a year ago.


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