Telesis Technology Corporation Exploring American Stock Exchange Listing.PALMETTO, Fla. -- Telesis Technology Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :TLST) today announced that its Board of Directors has authorized Company Management to explore, evaluate and retain any partner or legal firms to assist the company towards obtaining a possible listing on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. (R) (AMEX AMEX See: American Stock Exchange ). The prospective partner firm will assist and guide Telesis in meeting all the necessary listing requirements Listing requirements Requirements, including minimum shares outstanding, market value, and income, that are laid down by an exchange for any stock to be listed for trading. in order for the company's common stock to begin trading on the AMEX. The preparation for listing including meeting the shareholders' equity and share price requirements, as well as assist with completing the necessary applications. In approving this initiative, the Company stated that it believes its stock is significantly undervalued Undervalued A stock or other security that is trading below its true value. Notes: The difficulty is knowing what the "true" value actually is. Analysts will usually recommend an undervalued stock with a strong buy rating. . Commenting on the anticipated initiative, Mr. Hasit Vibhakar, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated, "The move to AMEX is part of our long-term financial plan Long-term financial plan Financial plan covering two or more years of future operations. to increase liquidity and value for our shareholders and to attract institutional investors. Our decision to adopt this prospective long term program reflects our commitment to enhance shareholder value. TLST is currently significantly undervalued." As a self-regulating organization, the AMEX, http://www.amex.com, maintains extraordinary integrity. By combining a specialist-based auction market with state-of-the-art trading technology - the foundation of a fair, efficient and accountable marketplace - all trades are executed swiftly, with reliability, accuracy and transparency. About Telesis Technology Corporation Telesis Technology Corporation is a Federal Aerospace and Defense Contractor. Telesis Technology Corporation has several operating divisions with main locations in Palmetto, Florida, and Superior, Nebraska. Company information can be obtained at http://www.telesistechnology.com "Safe Harbor Statement" under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. This press release contains forward-looking statements that involve risks and uncertainties. Statements in this press release other than statements of historical fact are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. You should not place undue reliance on forward-looking statements, because they involve these risks and uncertainties. You should independently investigate and fully understand all risks before making investment decisions. |
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