Telos (TLSRP) preferred Message Board

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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 ()	11/25/1998 1:55:00 PM
From: Paul Lee	Read Replies (1) of 190

Anyone with knowledge care to comment? Telos Corporation Repurchases Preferred Stock; 410,000 Shares Repurchased at $4.00 Per Share ASHBURN, Va.--(BUSINESS WIRE)--Nov. 25, 1998--Telos(R) Corporation announced today that it has repurchased approximately 410,000 shares of the Corporation's 12% Cumulative Exchangeable Redeemable Preferred Stock ("Preferred Stock") at a price of $4.00 per share from two groups of shareholders. This represents approximately 11% of the total issued and outstanding shares of the Preferred Stock. The repurchase was financed with subordinated debt obtained from certain holders of the Corporation's common stock. Focused on the fast growing Enterprise Integration marketplace, Telos Corporation (www.telos.com) is known for innovative information technology solutions for government and industry clients worldwide. Telos specializes in high-value technical services and has leveraged its expertise in systems and software into business practices for information protection, data integration, wireless networking, and advanced messaging. Telos is headquartered in Northern Virginia's high technology corridor, and its domestic and international operations employ over 1,200 people. Telos is a registered trademark of Telos Corporation.

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