erg assets selling

Post by ERG Class Action Group, contact [email protected]
A news from USA followed. ERG shareholders will never hear anything from VIX-ERG on their 1/2 benefits.

Cubic purchases ERG assets in U.S
http://www.contactlessnews.com/2009/07/06/cubic-purchases-erg-assets-in-u-s
Monday, July 6, 2009 in News
Cubic Transportation Systems Inc., a subsidiary of San Diego-based Cubic Corp., is buying the Vix ERG’s Concord, Calif. operations center from the U.S. which means the company will assume responsibility for major transit operations currently being run by ERG.
Cubic will use its new assets that include select software licenses to expand services to transit agencies in San Francisco, Seattle, Boston, Ventura and Las Vegas. The deal means about $20 million more in annual revenues.

The agreement initially covers servicing the TransLink contract in the San Francisco Bay Area; and eventually will include the other transit agencies that currently use Vix ERG systems.
The Concord operation is designed to support smart card distribution and call center operations for transit authorities. Approximately 125 ERG employees have joined Cubic from ERG’s U.S. operations and engineering operations in Perth, Australia.
Cubic currently provides fare collection systems and services in London, Germany, Sweden, Italy, Australia, Atlanta, New York-New Jersey, Philadelphia and Los Angeles.