$6,000,000 ~ 5% Senior Convertible Notes ~ November 2004

Nestor Traffic Systems is a leading provider of video-based intersection monitoring systems that provide automated red-light enforcement, increase traffic safety and prevent intersection collisions. After growing from an installed base of forty-one intersection approaches to over ninety in one year, Nestor was looking for capital to continue building contracted installations and to seek new business opportunities. Taglich Brothers, a long-time friend of the Company’s new management, participated in this cost efficient private placement, allowing Nestor to meet its near-term capital needs.

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