DURHAM, N.C., March 7, 2013 (GLOBE NEWSWIRE) -- EMRISE CORPORATION (OTCQB:EMRI), a multi-national manufacturer of defense and aerospace electronic devices and communications equipment, announced today that on March 4, 2013, it completed the purchase of the building and land that houses the Company's Pascall Electronics, Ltd. subsidiary located in Ryde, on the Isle of Wight in England. The purchase price for the 35,000 square foot building was £1.8 million (approximately US$2.7 million). Pascall Electronics had previously leased the building and land for approximately 15 years.
EMRISE Corporation UK Subsidiary Purchases Previously Leased Building In England
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