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Technology Stocks : TLST - Telesis Technology

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To: caly who wrote (16)	1/25/2006 4:11:01 PM
From: Chris Forte	Read Replies (1) of 59

8-K out for Telesis describing the sale of the two units. Here's a bit of it... On January 13, 2006 ("Closing"), Telesis Technology Corporation (the "Company," "us," "we") completed the sale of its Telesis Commercial Products Division ("CPD" or "Commercial Products Division," explained below) to Global Technology Components, LLC, a Florida limited liability company ("Global"). The purchase was made pursuant to a Standard Asset Purchase Contract and the price paid by Global was $330,000, which amount was paid in the form of a promissory note in the amount of $165,000 (the "Note"), with the remaining amount of the purchase price paid in cash at the Closing.

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