Wednesday, May 2, 2007

Digital Records Divests Subsidiary

Dallas, Texas-based Digital Recorders said earlier this week that it has divested its subsidiary, Digital Audio Corporation, in a deal worth approximately $1.39M. Digital Records said that it is selling its subsidiary to Dolphin Direct Equity Partners, a private investment firm which is an affiliate of Dolphin Offshore Partners, L.P. DAC manufacturers audio products for law enforcement, intelligence, military, and security applications.