Digital Recorders, Inc. Obtains $10 Million Credit Line and Completes $3.29 Million Equity Financings.

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Digital Recorders, Inc. Obtains $10 Million Credit Line and Completes $3.29 Million Equity Financings.

Business Editors/High-Tech Writers

DALLAS--(BUSINESS WIRE)--Nov. 11, 2003

Digital Recorders, Inc. (Nasdaq:TBUS):

-- New $10 Million Domestic Senior Lending Agreement

-- $1.79 Million in Series E Convertible Preferred Equity

-- $1.50 Million in Series F Convertible Preferred Equity

Digital Recorders, Inc. (DRI) (Nasdaq:TBUS), a market leader in transit, transportation and law enforcement digital communications and audio enhanceme...

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