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To: richardred who wrote (3694)	12/11/2007 1:23:52 PM
From: richardred	Respond to of 7944

Taylor Devices may absorb affiliate Company to cancel shares owned by Tayco Development By David Robinson NEWS BUSINESS REPORTER Updated: 12/08/07 7:25 AM Bill Wippert/Buffalo News Douglas P. Taylor, who serves as chairman and chief executive officer of Taylor Devices, is also chairman of Tayco Development. The two firms also share the same chief financial officer. Taylor Devices is proposing to merge with its closely linked affiliate, Tayco Developments, in a move that would save the North Tonawanda companies about $35,000 a year. The $6 million merger proposal would meld Tayco into Taylor Devices by exchanging each share of Tayco stock for a share in Taylor Devices. The deal values Tayco at a 31 percent premium over Tayco’s share price on Thursday, before the deal was disclosed Friday morning. Tayco is the research affiliate of Taylor Devices. It holds 18 patents Taylor Devices draws upon for its shock absorber and seismic protection products, and the two companies have closely entwined ownership structures. Tayco owns 22 percent of Taylor Devices, while Taylor Devices owns a 23 percent stake in Tayco. Douglas P. Taylor, who is chairman and chief executive officer of Taylor Devices, also is Tayco’s chairman. The two firms also share the same chief financial officer, Mark McDonough. Under the merger proposal, the 697,567 shares of Taylor Devices stock that Tayco now owns would be canceled. Taylor Devices would issue 759,611 additional shares of its stock to cover the conversion of the Tayco shares into Taylor Devices shares. Taylor and Tayco have considered strategic alternatives in the past, including a proposal this summer for Tayco to distribute its Taylor shares to its shareholders through a special dividend. That alternative was rejected because it would have triggered a taxable gain for Tayco and taxable dividend income for its shareholders. In contrast, the proposed merger would be structured as a tax-free reorganization. Tayco has only one full-time employee, an engineer, down from three in 2005. It had $224,000 in revenue during the 12 months that ended in February, according to filing with the Securities and Exchange Commission. Tayco shares rose 50 cents Friday to $5.50. Taylor Devices shares rose 26 cents to $6.80. drobinson@buffnews.com

To: richardred who wrote (3694)	3/30/2008 4:20:36 AM
From: ~digs	Read Replies (3) \| Respond to of 7944

TAYD - has been 'on sale' for two months..

To: richardred who wrote (3694)	3/30/2008 4:22:53 AM
From: ~digs	Respond to of 7944

Wednesday January 9, 10:47 am ET NORTH TONAWANDA, N.Y., Jan. 9 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq: TAYD - News) announced today that it had 2nd quarter sales of $4,276,406, up from last year's 2nd quarter sales of $3,826,975. Sales for the 1st six months were $8,684,591, up from last year's sales of $7,824,477. Net earnings for the 2nd quarter were $113,309, down from last year's 2nd quarter earnings of $138,774. Net earnings for the 1st six months were $461,539, up significantly from last year's earnings of $294,287. "Our sales for the 1st six months were up over $800,000 while our firm order backlog has increased to $13.3 million." stated Douglas P. Taylor, President. He continued, "A mix of building and bridge seismic projects, primarily in Asia, contributed greatly to our firm order backlog growing by over one million dollars in just the last three months." He concluded, "Everything remains on track for 2008 to be another very strong year." Taylor Devices, Inc. is a 53-year-old company engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment & structures. The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations. biz.yahoo.com

To: richardred who wrote (3694)	4/14/2008 4:58:07 PM
From: ~digs	Read Replies (1) \| Respond to of 7944

April 14 /PRNewswire-FirstCall/ -- Taylor Devices, Inc. (Nasdaq: TAYD - News) announced today that it had third quarter net earnings of $365,009, up significantly from last year's third quarter earnings of $238,171. Net Earnings for the first nine months were $826,548, up substantially from last year's first nine months net earnings of $532,458. Sales for the third quarter were $4,926,252, up from last year's third quarter sales of $4,604,636. Sales for the first nine months were $13,610,843, up appreciably from last year's $12,429,113. "At this time last year, I commented that our sales for the first nine months were up over $1.8 million over the comparable 2006 period," stated Douglas P. Taylor, President. He continued, "This year, I'm pleased to report that our first nine month sales are up another approximately $1.2 million from last year's healthy level." He concluded, "We expected another very strong year and we're getting one." Taylor Devices, Inc. is a 53-year-old company engaged in the design, development, manufacture & marketing of shock absorption, rate control and energy storage devices for use in various types of vehicles, machinery, equipment & structures. The company continues to achieve growth in the developing seismic protection field and in the isolation of wind-induced vibrations. biz.yahoo.com