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TENNEY ENGINEERING CONCLUDES SALE OF PRECISION CIRCUITS

 TENNEY ENGINEERING CONCLUDES SALE OF PRECISION CIRCUITS
 UNION, N.J., Nov. 2 /PRNewswire/ -- Robert S. Schiffman, president


and CEO of Tenney Engineering, Inc. (AMEX: TNY), today announced the conclusion of the sale of Precision Circuits, Inc., a subsidiary of the company, which has been reflected as a discontinued operation since 1988.
 The subsidiary was sold for book value, which was net of a previously established reserve. The purchase price included the assumption by the purchaser of the company's 9 percent notes of $608,000 due in 1993, and the balance in cash.
 The related sales expenses will be reflected in the third quarter financial statements and are expected to be approximately $25,000.
 Tenney Engineering, Inc. engineers, manufactures, and markets high technology environmental test equipment, vacuum systems, and insulated enclosures.
 Tenney Engineering, Inc. is listed on the American Stock Exchange under the symbol TNY.
 -0- 11/2/92
 /CONTACT: Frank E. Colgan, VP-finance of Tenney Engineering, 908-686-7870/
 (TNY) CO: Tenney Engineering, Inc.; Precision Circuits, Inc. ST: New Jersey IN: SU: TNM


PS-CK -- NY053 -- 1602 11/02/92 12:14 EST
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Publication:PR Newswire
Date:Nov 2, 1992
Words:180
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