On January 1, 2013, XDRIC, Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy. XDRIC, Inc., together with its subsidiaries, engages in the design, manufacture, sale, and servicing of information technology products in the United States, Canada, Europe, the Far East, the Middle East, South America, Australia, and the Asia-Pacific. The company produces a line of passenger information communication products under the Talking Bus, TwinVision, VacTelltm, and Mobitec brand names. Its products include DR600, a vehicle logic unit for buses that provides automatic vehicle monitoring, location, and schedule adherence communication systems and programs; global positioni...
13760 Noel Road
Dallas, TX 75240
Founded in 1983
SEC Revokes Registration Of Registered Securities Of DRI Corporation
Jul 14 14
An Administrative Law Judge has issued an Initial Decision of Default as to DRI Corporation The Initial Decision found that the company was issuer of securities registered pursuant to Section 12(g) of the Securities Exchange Act of 1934 (Exchange Act), and the company failed to comply with Section 13(a) of the Exchange Act and Exchange Act Rules 13a-1 and/or 13a-13 by not filing required periodic reports with the Securities and Exchange Commission (SEC). The Initial Decision finds these allegations to be true and revokes the registration of each class of the company’s registered securities, pursuant to Section 12(j) of the Securities Exchange Act of 1934.
SEC Orders Hearings On Registration Suspension Or Revocation Against DRI Corporation For Failure To Make Required Periodic Filings
Jun 2 14
Securities and Exchange Commission (SEC or the commission) instituted public administrative proceeding to determine whether to revoke or suspend for a period not exceeding twelve months the registration of each class of the securities of DRI Corporation for failure to make required periodic filings with the Commission. In this Order, the Division of Enforcement (Division) alleges that the company was delinquent in its required periodic filings with the Commission. In this proceeding, instituted pursuant to Exchange Act Section 12(j), a hearing will be scheduled before an Administrative Law Judge. At the hearing, the judge will hear evidence from the Division and the company to determine whether the allegations of the Division contained in the Order, which the Division alleges constitute failures to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 there under, are true. The judge in the proceeding will then determine whether the registrations pursuant to Exchange Act Section 12 of each class of the securities of the company should be revoked or suspended for a period not exceeding twelve months. The Commission ordered that the Administrative Law Judge in this proceeding issue an initial decision not later than 120 days from the date of service of the order instituting proceeding.