Trans Lux Corp – ‘8-K’ for 3/28/03 – EX-99

On:  Tuesday, 4/1/03, at 5:51pm ET   ·   As of:  4/2/03   ·   For:  3/28/03   ·   Accession #:  99106-3-9   ·   File #:  1-02257

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         8K for Sale                                            2±     9K 
 2: EX-10       Sale Agreement                                        23±    80K 
 3: EX-99       Press Release                                          1      7K 

EX-99   —   Press Release

                                                Exhibit 99.1

FOR IMMEDIATE RELEASE                                                           
For Further Information                                                         
Contact: Angela Toppi, Executive Vice President & CFO                           
203/853-4321                                                                    

TRANS-LUX SELLS CUSTOM SPORTS DIVISION TO BARCO                                 

NORWALK, CT, March 31, 2003  Trans-Lux West Corporation, a subsidiary of        
Trans-Lux Corporation (AMEX:  TLX) announced it has sold its custom sports      
division, Trans-Lux Sports, including its facility in Logan, Utah, to Barco,    
Inc.  The announcement was made today by Michael R.  Mulcahy, Trans-Lux         
President and Co-Chief Executive Officer.                                       

Trans-Lux will continue to design, manufacture, sell and rent its catalog and   
custom commercial outdoor LED display systems, as well as provide its full line 
of scoreboards and electronic signage marketed to sports venues such as high    
schools and smaller stadiums, through its manufacturing facilities in Des       
Moines, Iowa.  In addition, the Company will continue to provide quality        
support and maintenance services to custom sports customers throughout the      
United States and Canada.                                                       

Trans-Lux's indoor display business of providing sophisticated display systems  
solutions to its core financial, gaming, corporate, retail and transportation   
markets remains unchanged, and will continue to operate from its Connecticut    
headquarters facility.                                                          

"The agreement with Barco, Inc.  will benefit both companies," said Mr.         
Mulcahy.  "Consolidating three operations in two plants allows Trans-Lux to cut 
costs, reduce debt, operate more efficiently and focus on the expansion of our  
core businesses.  Barco's expertise in high- end, full motion video displays    
and their understanding of the custom sports business prompted them to offer    
significant value to us which should benefit Trans-Lux and our stockholders."   
Trans-Lux / 2                                                                   

Trans-Lux is a worldwide full-service provider of integrated multimedia systems 
for today's communications environments.  The essential elements of these       
systems are real-time, programmable electronic information displays we          
manufacture, distribute and service.  Designed to meet the evolving             
communications needs of both the indoor and outdoor markets, these displays are 
used primarily in applications for the financial, banking, gaming, corporate,   
transportation, entertainment and sports industries.  In addition to its        
display business, the Company owns and operates a chain of motion picture       
theatres in the western Mountain States, as well as a national film booking     
service.                                                                        

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Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing		Date		Other Filings
Filed as of:		4/2/03
Filed on:		4/1/03
		3/31/03		10-Q
For Period End:		3/28/03		10-K,  8-K
				List all Filings