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Microcap & Penny Stocks : Telos (TLSRP) preferred

TLSRP 41.10

+0.2%

Nov 23 4:00 PM EST

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To: Paul Lee who wrote ()	2/26/1998 8:47:00 AM
From: Paul Lee	Read Replies (1) of 190

Telos Corp. Announces Sale of Information Systems Business ASHBURN, Va.--(BUSINESS WIRE)--Feb. 25, 1998--Telos Corp. announced the sale of its Telos Information Systems (TIS) division to Federal Data Corp. of Bethesda, Md. The sale of TIS is expected to close by mid-March. TIS' business consists of software engineering services primarily for the Jet Propulsion Laboratory. The TIS sale is the latest move in Telos strategy to focus company resources and capital on rapidly emerging opportunities in network infrastructures, enterprise integration and information security. These initiatives complement Telos' core business of software development and systems support. According to John Wood, president and CEO of Telos: "Over the past few years, we have realigned our business to meet the needs of customers. Today, our business focuses on helping our customers simplify their complex computing environments and processes by offering solutions that enhance access and distribution of information. "For example, our products and services have streamlined the U.S. Army's logistics-management processes, resulting in improved visibility, more efficient asset management and an outstanding return on investment for our customer," Wood said.

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