TNLX Trans Lux Corporation (PK)

Trans-Lux Corporation (OTCQB:TNLX), a leading supplier of LED technology for high resolution video displays and lighting applications, today reported financial results for the first quarter ended March 31, 2012. Trans-Lux President and Chief Executive Officer, J.M. Allain, made the announcement.

Revenues totaled $5.6 million for the first quarter, compared with $4.9 million during the same period last year. Trans-Lux recorded a loss from continuing operations for the quarter of $1.7 million (loss of $0.35 per share), compared with a loss of $1.7 million (loss of $0.68 per share) in the first quarter of the prior year. The Company has ramped up its marketing efforts and has recorded an increase in marketing expense in the current period, which is reflected in the increase in general and administrative expenses for the first quarter 2012. During the period, the Company had negative cash flow from continuing operations, as defined by EBITDA, of $519,000, compared with negative EBITDA of $155,000 during the same three-month period in 2011. The number of average common shares outstanding in the first quarter of 2012 totaled 4.7 million compared to 2.4 million in the corresponding period in 2011.

"The 14% increase in revenue during this period is a positive indication that Trans-Lux has made significant progress in advancing its new business model that has added depth and strength to our offerings and set us on a path of ensuring strong growth. Going forward, the Company is uniquely positioned to take advantage of opportunities that stem from our core digital display technologies and strong pipeline development," said Mr. Allain. "Additionally, the Company's new line of TL Energy LED lighting that offers a greener, more economical alternative for business and commercial/industrial lighting applications, is gaining traction and will enable Trans-Lux to participate in numerous prospective opportunities."

For more information, email info@trans-lux.com or visit www.trans-lux.com.

About Trans-Lux

Trans-Lux Corporation is a leading designer and manufacturer of digital video display and LED lighting solutions for the financial, sports and entertainment, education, commercial, gaming and leasing markets. With a comprehensive offering of LED Large Screen Systems, LCD Flat Panel Displays, Data Walls and our Fair-Play Scoreboards, Trans-Lux delivers comprehensive digital video solutions for any size venue's indoor and outdoor display needs. TL Energy enables organizations to greatly reduce energy related costs with green lighting solutions. For more information please visit www.Trans-Lux.com. The Trans-Lux Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13242 Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The Company may, from time to time, provide estimates as to future performances. These forward-looking statements will be estimates and may or may not be realized by the Company. The Company undertakes no duty to update such forward-looking statements. Many factors could cause actual results to differ from these forward-looking statements, including loss of market share through competition, introduction of competing products by others, pressure on prices from competition or purchasers of the Company's products, interest rate and foreign exchange fluctuations, terrorist acts and war.

TRANS-LUX CORPORATION
TABLE OF OPERATIONS
(Unaudited)
	THREE MONTHS ENDED
	MARCH 31
(In thousands, except per share data)	2012	2011
Revenues	$ 5,623	$ 4,917
Loss from continuing operations	(1,663)	(1,670)
Loss from discontinued operations	(7)	--
Net loss	$ (1,670)	$ (1,670)
Calculation of EBITDA:
Net loss	$ (1,663)	$ (1,670)
Interest expense, net	113	361
Income tax expense	7	7
Depreciation and amortization	1,031	1,147
Total EBITDA from continuing operations (1)	(512)	(155)
Effect of discontinued operations	(7)	--
	$ (519)	$  (155)
Loss per share - basic and diluted
Continuing operations	$ (0.35)	$ (0.68)
Discontinued operations	--	--
Total loss per share	$ (0.35)	$ (0.68)
Average common shares outstanding - basic and diluted	4,687	2,443
(1) EBITDA is defined as earnings before effect of interest, income taxes, depreciation and amortization. EBITDA is presented here because it is a widely accepted financial indicator of a company's ability to service and/or incur indebtedness. However, EBITDA should not be considered as an alternative to net income or cash flow data prepared in accordance with accounting principles generally accepted in the United States or as a measure of a company's profitability or liquidity. The Company's measure of EBITDA may not be comparable to similarly titled measures reported by other companies.

CONTACT: Angela D. Toppi
         Executive Vice President & CFO
         203.642.5903