Teltronics Files Form S-4 to Complete Telident Acquisition.Business Editors SARASOTA, Fla.--(BUSINESS WIRE)--April 7, 2000 Teltronics, Inc. (Nasdaq:TELT) today announced that it has filed a Form S-4 with the Securities & Exchange Commission to register shares that will be used in the completion of the Telident Inc. (Nasdaq:TLDT) asset acquisition. The companies announced on January 7, 2000 the signing of a definitive agreement whereby Teltronics would acquire Telident's assets for 637,500 shares of Teltronics' common stock. Teltronics' shares will be distributed to Telident shareholders in connection with Telident's dissolution following the closing of the transaction, which is anticipated by the end of June. The acquisition is subject to satisfaction of certain conditions including approval by a majority of Telident's voting shareholders. Holders of approximately 58% of the aggregate voting power of Telident's outstanding shares have approved the terms of the agreement, as amended and agreed to vote in favor of the dissolution of Telident. About Telident Inc. Based in Minneapolis, Telident, Inc. (www.telident.com) designs, manufactures and market proprietary hardware and software systems for providing the exact location of a 9-1-1 telephone call within a private branch exchange (PBX (Private Branch eXchange) An inhouse telephone switching system that interconnects telephone extensions to each other as well as to the outside telephone network (PSTN). ) system to emergency dispatchers, thus improving response times and enhancing safety. About Teltronics, Inc. Teltronics, Inc. is dedicated to excellence in the design, development, and assembly of electronics equipment and software to enhance the performance of telecommunications networks A telecommunications network is a of telecommunications links and nodes arranged so that messages may be passed from one part of the network to another over multiple links and through various nodes. . The company manufactures telephone switching Telephone switching Moving one's assets from one mutual fund or variable annuity to another by telephone. telephone switching The movement of an investor's funds from one mutual fund to another mutual fund on the basis of an order given via systems and software for small-to-large size businesses, government and 911 public safety communications centers An agency charged with the responsibility for handling and controlling communications traffic. The center normally includes message center, transmitting, and receiving facilities. Also called COMCEN. See also telecommunications center. . Teltronics provides remote maintenance hardware and software solutions to help large organizations and regional telephone companies effectively monitor and maintain their telecommunications systems. The company also serves as an electronic contract-manufacturing partner to customers in the U.S. Interactive Solutions, Inc., a subsidiary of Teltronics, Inc., designs, manufactures and markets technologically advanced, voice-activated, multimedia computer solutions and LCD display technologies. Teltronics' common stock trades on The Nasdaq SmallCap Market tier of The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "TELT." Further information regarding Teltronics can be found at their web site, www.teltronics.com. The completion of the transaction described here in and any synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between out product lines are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are made pursuant to the Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of 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. These forward-looking statements involve a number of risks and uncertainties, including approval of the dissolution of Telident by Telident shareholders, the satisfaction of customary closing conditions, the market acceptance of the products and technology offered following Teltronics' purchase of Telident's assets and other factors described in both Teltronics' and Telident's filings with the Securities and Exchange Commission. The actual results that the companies achieve may differ materially from any forward-looking statements due to such risks and uncertainties. |
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