Prime, as you say this will have to put all US cities on notice...

Prime, as you say this will have to put all US cities on notice that the financial condition of companies tendering for these long term 5 year contracts has to be of critical importance when they select a providor.

Failure of Transol will remove from the market one company that has been quoting very cheap prices, even with these low quotes they have only been able to pick up scraps as most cities are aware you get what you pay for.
Nestor has to be the next to come under scrutiny, their many years of increasing losses must surely now be a warning flag to all cities.

With ACS and Redflex really the only finacially solid companies in the market and with the Redflex technical superiority it certainly looks very positive for Redflex.

Never could understand the Australian leasing company going within a mile of dealing with Transol, the worth of the gear they paid top money for was completely conditional on Transol being around to run it for them. The due dilligence by the leasing company must have been very minimal to say the least.