“Redflex Traffic Systems admitted Thursday to Australian Securities Exchange investors that the firm’s profit in North America has slipped 10.1 percent in the past twelve months. ‘Redflex continues to face challenges raised through local voter initiatives and referendums,’ the company’s preliminary 2012 report to investors explained. ‘In FY12, citizen initiatives caused the termination of several Redflex contracts, including the Albuquerque contract.’ The unpopularity of speed cameras over the past twelve months is undeniable. In November, voters in seven cities went to the ballot box and said ‘no’ to photo ticketing.”
http://www.thenewspaper.com/news/38/3881.asp
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