I can, but you wouldn't want to watch.<g>
(COMTEX) Telesis Technology Corporation Exploring American Stock Exchange Listing
PALMETTO, Fla., Sep 14, 2005 (BUSINESS WIRE) -- Telesis Technology Corporation
(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(R) (AMEX). The prospective partner firm will assist and guide Telesis
in meeting all the necessary listing requirements 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.
Commenting on the anticipated initiative, Mr. Hasit Vibhakar, CEO stated, "The
move to AMEX is part of our long-term financial plan 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, 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 telesistechnology.com
"Safe Harbor Statement" under the Private Securities Litigation Reform Act 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.
SOURCE: Telesis Technology Corporation
CONTACT: Telesis Technology Corporation, Palmetto
Hasit Vibhakar, 941-795-7441 ext: 228
ir@telesistechnology.com
Copyright Business Wire 2005
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KEYWORD: United States
North America
Florida
INDUSTRY KEYWORD: Technology
Government
Defense
Hardware
Networks
Other Technology
Manufacturing
Aerospace
Other Manufacturing
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