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To: Paul Lee who wrote ()3/18/1999 2:17:00 PM
From: Paul Lee  Read Replies (1) of 447
 
Larson-Davis Announces Shareholder Approval of Sale of Acoustics Business

PROVO, Utah, March 18 /PRNewswire/ -- Larson-Davis Incorporated (Nasdaq: LDII) announced today that it has received shareholder approval to proceed with the sale of its acoustics business to PCB Group, Inc. The closing of this transaction is currently scheduled for March 25, 1999. It remains the intention of the Board of Larson-Davis to use part of the proceeds of the transaction to redeem the 1998 Series A Preferred Stock upon receipt thereof.

In addition, the shareholders approved all other matters detailed in the proxy solicitation dated February 16, 1999.
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