Technical Communications Corporation Comments On Tabulation of Voting Results of Annual Meeting and Ongoing Litigation With the Phalon/Awan Group.CONCORD, Mass.--(BUSINESS WIRE)--Aug. 27, 1998--Technical Communications Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :TCCO TCCO Time Compensated Crystal Oscillator ) today announced that the reporting of the voting results of its August 14, 1998 Annual Shareholders Meeting has been delayed. The tabulation tab·u·late tr.v. tab·u·lat·ed, tab·u·lat·ing, tab·u·lates 1. To arrange in tabular form; condense and list. 2. To cut or form with a plane surface. adj. Having a plane surface. of results is currently the subject of an action pending in Massachusetts Superior Court. Final results are not expected to be known until certain issues relating to the tabulation of votes under Massachusetts corporate law are resolved by the court. It is expected that these issues could be resolved within ten days at which time the results would be reported. Commenting on the separate ongoing litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with the Phalon/Awan Group pending in Massachusetts Superior Court, TCC TCC The Car Connection (web site) TCC Tidewater Community College TCC Tallahassee Community College TCC Temporary Continuation of Coverage TCC Tucson Convention Center (Tucson, AZ, USA) noted that on August 26, 1998, the court declined to rule on the Phalon/Awan Group's most recent motion to enjoin To direct, require, command, or admonish. Enjoin connotes a degree of urgency, as when a court enjoins one party in a lawsuit by ordering the person to do, or refrain from doing, something to prevent permanent loss to the other party or parties. the implementation of the June 24, 1998 Board vote opting into the provisions of Massachusetts General Laws, Chapter 156B, Section 50A. The court instead decided to order atrial on issues raised by TCC and the Phalon/Awan Group in the current action, which proceeding is expected to begin sometime within the next thirty days. Technical Communications Corporation's products and systems secure mission-critical networks for governments, corporations and financial institutions around the world. With over 35 years of experience, TCC is the trusted supplier for organizations that place a high value on their data and its successful transmission.
CONTACT: Technical Communications Corporation
Janet LeClair, Investor Relations, (978) 287-5100
Web Site: http://www.tccsecure.com
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