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Microcap & Penny Stocks : Tels Corp. Extremely Undervalued with Strong Fundamentals!

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To: Steven G. Trapp & Company who wrote ()8/26/1998 2:58:00 PM
From: Steven G. Trapp & Company   of 79
 
AMERICAN FORK, Utah, Aug. 26 /PRNewswire/ -- Stephen M. Nelson, President of TELS Corporation (Nasdaq: TELS) announced today the retirement of Willard H. Gardner from the Board of Directors. Mr. Gardner has accepted a calling by the L.D.S. church to serve a full-time mission in New York during the coming years.

Mr. Gardner joined the Board of Directors of TELS Corporation in 1984, and served continuously until July 31, 1998. He also took on the responsibility of Corporate Secretary from January, 1989, through July, 1998. He chaired the Budget Audit Committee and served on the Compensation Committee. Mr. Gardner had an outstanding professional career. From 1963 until 1990, he was employed by Brigham Young University in various capacities, most recently as the Executive Director of Information Systems Services, and he was an Associate Professor of Computer Science from 1980 to 1990. In September of 1990, Mr. Gardner moved into semi-retirement and has since been involved with several voluntary industry initiatives intended to expand high-capacity data telecommunications, both nationally and locally. Mr. Gardner served in the Utah State Legislature from 1973 to 1985. He was a founding Member of the Board of Trustees of the Utah Technology Finance Corporation, served as a member of the Board of State Lands and Forestry, and was a Founding Member of the Board of Trustees of the Utah Information Technology Association. Mr. Gardner received a BS in physics from Utah State University and a MS in mathematics from Brigham Young University. Mr. Gardner's technical accomplishments include development of computer programs for trajectory studies in connection with the ABLE project (first moon shot) in 1958, and of display checkout routines for the APOLLO project in 1962. He also managed the development of payroll and accounting computer programs at BYU during the decade of 1960.

"We understand and support Willard's decision and are appreciative of his 14 years of service," said John L. Gunter, Chairman of the Board and CEO of TELS Corporation. "He has been an integral part of the overall success of TELS. His guidance and counsel have made a significant impact not only on the Company, but also the community and the State of Utah. We wish him well in his future endeavors," continued Mr. Gunter.

TELS Corporation through its subsidiaries, designs, builds, assembles, sells and services call accounting and other telecommunications systems. The Company also assembles electronic systems on a contract basis, as well as designs, sells and services computer software products. For additional information contact TELS Corporation at 705 East Main Street, American Fork, UT 84003, Phone: 801-756-9606, FAX: 801-756-9135.

SOURCE TELS Corporation
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