Teltronics, Inc. (fka TELTQ)

[monda2frida]

TELTQ Teltronics, Inc. Common Stock 2/22/2012 Plan of Bankruptcy Effective. All shares have been cancelled.

http://www.otcbb.com/asp/dailylist_detail.asp?d=02/21/2012&mkt_ctg=ALL

[ErnieBilco]

Got my TELTQ death notice in the mail today....if their plan is approved - toasted commons.

[ErnieBilco]

Sept 29th local article.

http://www.heraldtribune.com/article/20110929/ARTICLE/110929495?p=1&tc=pg

[exlud]

Took a small gamble on this today, managing to account for all of the volume. You just have to wonder what was up with 250,000 shares traded yesterday.

[ErnieBilco]

Looks like they have a buyer IMO.

http://www.otcmarkets.com/stock/TELTQ/news

[ErnieBilco]

Teltronics has been put up for sale.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8127922

[ErnieBilco]

Any movement at this point is good IMO. Green is always the preferred direction.

[PennyFans]

Thanks for your reply so quickly. The question I most wanted to know is when they filled BK which have been answered by you.

I am doing OK with my trade and made some money for live. How about you.

PennyFans

[ErnieBilco]

It is way too early to know if shares will remain. The company has had problems for years. BK filed Jun 27th 2011.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8012193

Hows the trading going? Making money?

[PennyFans]

Hi ErnieBilco! Very nice to see you here. The chart looks good. I have some question about TELTQ. Do you know when it went to bankrupcy? Will it emerge from BK? Will common shares be cancelled or remaind integrate?

Thanks for advantage?

PennyFans

[ErnieBilco]

Ohhhhhhhhhhhh so lonely...............Ohhhhhhhhhhhhhh so quiet..............Ohhhhhhhhhhhhhhhhhhh I guess Q is for quiet.

[ErnieBilco]

Here is where I want to pick up shares. .005 is a great place to start buying.

[ErnieBilco]

Hard to predict until it gets further into the BK process and we find out what their plan is gonna look like.

It could move higher or it can drop like a rock. I think .05-.07 is possible short term on the high side, and .005 to .015 on the low end.

It is based soley on a hunch and nothing else. Everyone needs to make their own decision based on the available info....they have been struggling for years and I'm not sure commons will survive the BK process.

[venomking]

Hi do you think this will bounce higher in the near further?

[ErnieBilco]

Its gonna have ups and downs as the BK process moves along rather slowly.

[ErnieBilco]

Just have to hope they don't trash equity, gotta start watching this one closely.

[ErnieBilco]

Hopefully they can realign their debt and come out ready to go.

[ErnieBilco]

This BK has been years in the making.

[Calculated18]

Looks like this won't trade at all now?!

[Calculated18]

Yea I checked out one of the boards here re the Qs Some good stuff. Looking for a nice pop tomorrow.

[retireat40]

Not always...look at some of the tremendous runs that have taken place in the "Q" sector.

[Calculated18]

Wouldn't the Q be a negative factor pushing the price down as opposed to the bounce??

[retireat40]

I'd be happy with .06 for a double...who knows. "Q" should be added tomorrow.

[Calculated18]

Where do you expect it to bounce to? Back to .08?

[retireat40]

Company filed bankruptcy...may bounce from here. Currently .03.

[ATV]

Anyone following this company? Earnings should be out any day now.

[sludgehound]

King Tech was 1 of 3 distributors

Posted on Thu, Dec. 16, 2010
TELTRONICS LOOKS TO BETTER SALES IN 2011
Palmetto company hires distributors in new business model
By GRACE GAGLIANO
[e-mail]
PALMETTO -- Teltronics has some big name clients in its portfolio.

Contra Costa (Calif.) County, the New York Department of Federal Corrections, and the New York Board of Education are clients that use the Palmetto manufacturer’s business class telephone systems.

Chris Doyle, vice president of marketing at Teltronics, says clients like these that have helped the company in the past turn collective quarterly revenue averages of $10 million to $12 million.

But in these economic times Teltronics has seen its clients scale back and quarterly revenue has dropped to about $6 million to $7 million.

“We have had a very rough year this year,” Doyle said. “That’s exactly why we’ve gone to this new business model.”

For the first time in the company’s 40-year history, Teltronics is employing distributors to help drum up new business and sales for its telephone systems that are equipped with Web-based cameras, intercoms and paging speakers.

The manufacturer on Wednesday announced the first of three distribution partners it will contract with in 2011. King Technologies, Inc. will help distribute Teltronics’ products to its family of dealers, which will also work as a sales force for the manufacturer.

“Partnering with a prestigious distributor such as King Technologies to build a strong distribution channel is the ideal way for Teltronics to expand our business operations while providing the end user customers the best customer service and support,” said Ewen Cameron, chief executive officer for Teltronics.

Teltronics would not disclose the details of two other distributors it has in the works but Doyle said its distribution partnerships are expected to give Teltronics at least 100 dealers for its product in 2011.

“This will allow us to push our product out a lot wider,” Doyle said. “We anticipate the distribution opportunity will increase revenues.”

Sales for the third quarter ending Sept. 30 were $4.5 million, down from $11.5 million over the same period in 2009. Year-to-date through Sept. 30, Teltronics’ sales are $12 million down from $27.6 million over the first nine months of 2009.

The sales declines were largely due to a reduction in orders from one of Teltronics’ largest customers.

Mark King, chief operating officer for King Technologies, says the distribution strategy will be to not limit sales to what has been Teltronics primary focus -- municipalities and schools. Instead, King said the distribution will focus on developing relationships in new markets.

“We look forward to working with Teltronics to establish a robust distribution channel for their products,” King said.

© 2010 Bradenton.com and wire service sources. All Rights Reserved. http://www.bradenton.com


Read more: http://www.bradenton.com/2010/12/16/v-print/2817355/teltronics-looks-to-better-sales.html#ixzz18HiTBduR

[sludgehound]

King Tech selects Cerato VCSe 100 for US sale.

4:16 pm ET
King Technologies Inc. Selects Teltronics' Cerato VCSe 100 SIP-Based Communication Solution The VCSe 100 product family helps to enhance King Technologies' current IP product offering for small- to medium-size businesses.
PALMETTO, Fla., Dec. 13, 2010 /PRNewswire/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a technology manufacturer specializing in communications, alarms management and contract manufacturing, today announces an Authorized Distribution Partnership agreement with King Technologies, Inc., one of the United States' fastest growing distributors of new and refurbished telecommunications systems. King Technologies will facilitate the sale of the Cerato VCSe 100 product family to their dealers throughout the Unites States.
The VCSe 100 communication server is available in analog, digital and pure SIP options ranging from 1 to 128 extension capacity as a single unit solution. The VCSe 100 can be networked and/or upgraded through the Teltronics VCSe product family all the way to a 9000 port SIP-based communication system without the fear of redundancy or obsolescence.
Integration with the Teltronics Arcata™ SIP endpoint series offers customers several phone and soft phone options including a color, touch-screen SIP video phone, supplying a "face" to remote workers and conference call environments, and support for SIP DECT cordless endpoints for increased mobility.
Since the VCSe 100 communication solution was first introduced in September 2010, Teltronics has strived to develop calculated partnerships with dealers and distributors such as King Technologies in the United States, Canada, Mexico and Europe to best support our end-user clients.
"Teltronics was selected as a strategic partner due to their national and international reputation for superior quality and innovative design. We feel that our new business relationship will greatly enhance our IP offerings which will better assist our customers servicing the SMB market. We look forward to working with Teltronics to establish a robust distribution channel for their products," declares Mark King, Chief Operating Officer, King Technologies.
CEO for Teltronics, Ewen Cameron states, "Partnering with a prestigious distributor such as King Technologies to build a strong distribution channel is the ideal way for Teltronics to expand our business operations for the VCSe 100 product family, while providing the end-user customers the best customer service and support."
About Teltronics:
Teltronics is a technology manufacturer specializing in communications, alarms management and contract manufacturing (ISO 9001:2008). Within each business area we actively engage our customers and partners to deliver the highest levels of reliability, customer service and value in support of their unique business needs. We empower our employees to do all that is required to maintain 100% customer satisfaction, encouraging ongoing contributions and continued personal development. In Teltronics 40 year history, we have consistently built strong products and solutions for the markets we serve, established deep roots in the community and support environmentally safe practices with ideas that communicate. Further information regarding Teltronics is available at the website, www.vcse100.com.
About King Technologies:
Established in 1988, King Technologies has assisted many thousands of customers by troubleshooting and repairing electronics of all kinds. Based on that early success, King became one of Inc Magazines top 500 fastest growing companies by offering the ability to provide their customers end-of-life product management and technical support. By consistently providing the highest level of quality in repair, remanufacturing and support operations, many of those same companies now rely on King Technologies to provide sales and technical support of their new systems to a growing base of customers. Further information regarding King Technologies is available at the website, http://www.kingtechnologies.com

[sludgehound]

now Cerato VCSe 100 Communication Platform

http://www.prnewswire.com/news-releases/teltronics-announces-the-availability-of-the-cerato-vcse-100-communication-platform-103274419.html

Teltronics Announces the Availability of the Cerato VCSe 100 Communication Platform The sophisticated VCSe 100 meets the needs of stand-alone small- to medium-sized businesses and networked remote officesPALMETTO, Fla., Sept. 20 /PRNewswire/ -- Teltronics, Inc. (OTC Bulletin Board: TELT), a leading technology manufacturer specializing in communications, alarms management and contract manufacturing, today announces the availability of the Cerato™ VCSe 100, a reliable, easy-to-use and competitively priced communication platform for small- to medium-size businesses wanting to capitalize on the cost benefits of a SIP-based communications platform.
The VCSe 100 communication server is available in analog, digital and pure SIP options ranging from 1 to 128 extension capacity as a single unit solution. The VCSe 100 can be networked and/or upgraded through the Teltronics VCSe product family all the way to a 9000 port SIP-based communication system without the fear of redundancy or obsolescence.
Integration with the Teltronics Arcata™ SIP endpoint series offers customers several phone and soft phone options including a color, touch-screen SIP video phone, supplying a "face" to remote workers and conference call environments, and support for SIP DECT cordless endpoints for increased mobility.
The VCSe 100 will be sold primarily through strategic partners to maximize end-user reach and revenue. The Company is currently engaging distributors and dealers across the U.S., with the goal of building solid, lasting relationships to best serve the end-user customer. Additional communication solutions will be introduced to Teltronics Strategic Partners to propagate future revenue streams.
"The VCSe 100 will be a significant revenue source, as the Company will utilize a nation-wide channel partner program to better reach the growing SMB market and increase sales." states Ewen Cameron, Chief Executive Officer, for Teltronics. "Built on reliability and value, the VCSe 100 offers existing and prospective SMB customers a sophisticated solution to match user requirements."
Details, specifications and partner registration can be found at www.vcse100.com.
About Teltronics:
Teltronics is a technology manufacturer specializing in communications, alarms management and contract manufacturing (ISO 9001:2008). Within each business area we actively engage our customers and partners to deliver the highest levels of reliability, customer service and value in support of their unique business needs. We empower our employees to do all that is required to maintain 100% customer satisfaction, encouraging ongoing contributions and continued personal development. In Teltronics 40 year history, we have consistently built strong products and solutions for the markets we serve, established deep roots in the community and support environmentally safe practices with ideas that communicate. Further information regarding Teltronics is available at the website, www.teltronics.com.

[mkinhaw]

Almost there
MK

[mkinhaw]

Eventually
MK

[bullshark2009]

Still think we bounce to .20?

[momentum74]

3 bidders 11/ .1389 is up .

[sherwood37]

cant you all see there wanting this to run it will be back at 0.20 with very few buys killer deal.

[10 bagger]

TELT.. $0.11

Got caught with some open orders this AM and have ave the position to $0.1513 on 84,255 shares.. Will hold into next earnings period.. Actually sold stock yesterday @$0.3888..hank

[momentum74]

Back in for a bounce -71% .11

[momentum74]

Looks like some bidders are stacking up.39 is up lets go

[momentum74]

Its starting to bounce.

[momentum74]

In for a bounce.

[nole92]

10-Q is out (-$0.07eps)
http://www.sec.gov/Archives/edgar/data/97052/000009705210000007/form10q2010mar.htm

[Rawnoc]

Holding.

[tburr]

Thanks! Looks like a solid bottom forming, are you holding/buying here?

[Rawnoc]

Seasonality. Technically had a small net income, but it all went and then some to the preferred shareholders.

[tburr]

Did they give any explanation in the 10k of the 4Q loss?

[sfitz]

I guess no one liked the loss in the 4th quarter?

[hogfan2]

TELT...bid 1.00...hog

[B7$4]

Teltronics Announces $5.4 Million Net Income for 2009

http://www.prnewswire.com/news-releases/teltronics-announces-54-million-net-income-for-2009-88997467.html

Net Income Available to Common Shareholders Increases 200%

PALMETTO, Fla., March 24 /PRNewswire-FirstCall/ -- Teltronics, Inc. (OTC Bulletin Board: TELT) today announces its financial results for the year ended December 31, 2009. Revenues for 2009 were $43.1 million as compared to $34.6 million reported in 2008. The Company reported net income of $5.4 million in 2009 compared to a net loss of $3.3 million in 2008.

As a result of the net gains in 2009, the net income available to common shareholders for 2009 increased by 200% to $4.4 million from a $4.4 loss in 2008 and the Company's diluted net income per share for 2009 was $0.48 as compared to a diluted net loss per share of $0.51 for 2008.

Gross profit margin increased from 33% for 2008 to 41% for 2009. The Company's operating expenses for 2009 decreased $3.8 million from 2008.

"The Company is pleased with our year end results," announces Ewen Cameron, Teltronics' President and Chief Executive Officer. "In 2009, we increased our operating profit by 109% to $6.9 million from a loss of $3.3 million in 2008. We attribute our 2009 accomplishments to our strong relationships with our current customers, combined with the budget cut initiative we implemented in 2008 and our strong team of employees."

Cameron states, "In 2009, we developed new relationships with approximately 50 U.S. strategic partners who have knowledge in the education market. In 2010, we anticipate these partners will promote our bundled communication solution, 'Cerato for Schools'. With the stimulus & E-rate funding now available for technology in the education sector, we believe that we should see some success with this application through these partners."

"Cameron continues, "We should continue to see sales from our current U.S. customers and our international installed base. Our goals for 2010 include building upon our current international distribution channel, expanding our U.S. strategic partner relationships, and growing our current product offerings to reach new vertical industries."

"Also in 2009, we moved into a more cost effective state-of-the-art facility. The new building allows us to showcase our business to worldwide clients, partners and potential business associates thus providing us an additional tool to further increase sales & revenue," Cameron states.

Cameron concludes, "Due to the buying trends of our customers, we do experience some seasonality in our business with the fourth and first quarters being our weakest. We are working to expand our customer base to reduce this affect."

[dffhogs]

S-8 filed today....

http://www.sec.gov/Archives/edgar/data/97052/000009705210000003/forms8isop2005.htm

[jasonak]

TELT $1.53

I think the earnings pattern with TELT is established. There is nothing to suggest that they will regress back to underperformance of the years before 2009. The expense cuts are still in place.
They have reported 3 astounding consecutive quarters and it is my opinion that another one will be reported by 14APR.

TELT should conservatively report 47 million in sales with earnings of about $5.6 million for the year. The stock is currently fetching a 5.5 P/E with a market cap of 13.2 million ($1.53/share). After the 10K the same P/E gives us a share price of $3.56.

4 astounding quarters reported, and the P/E will expand a bit, etc.

Seems like a great opportunity to me. I have been buying lately.

JMHO

[MikeDDKing]

Teltronics Amends Bylaws to Ease Stock Transfers
Effective March 10, 2010, Teltronics Will Issue Uncertificated Shares of Its Common Stock
On Thursday March 11, 2010, 3:30 pm

PALMETTO, Fla., March 11 /PRNewswire-FirstCall/ -- Following action by the Company's Board of Directors, Teltronics, Inc. (OTC Bulletin Board:TELT.ob - News), a premier provider of communications products and services, announces the change in Company bylaws regarding the issue of uncertificated shares of its common stock. This change makes trades easier & more convenient for stockholders by offering the choice to participate in the Direct Registration Systems (DRS) administered by The Depository Trust Company.

The DRS allows stockholders to have registered shares of Teltronics stock without physical certificates. Shareholders can now quickly & easily transfer shares electronically to brokers without the movement of stock certificates. Using the DRS, eliminates the risk of loss, theft, destruction of certificates and the time and expense to replace a lost certificate.

"Our decision to offer uncertificated shares of stock gives more options to our shareholders and allows them to better control their personal investments," states Ewen Cameron, President and CEO for Teltronics.

Shareholders can still request, in writing, a physical certificate if preferred.

About Teltronics, Inc.

Teltronics, Inc. is a leading, global provider of innovative communications solutions that enable our customers to increase revenues, decrease costs and improve productivity. The Company designs, develops and manufactures electronic equipment and applications software systems that enhance the performance of communications networks. Teltronics develops VoIP and digital voice communications platforms and software and contact center solutions for small-to-large size businesses and government facilities. Teltronics is also recognized as a leading provider of network management solutions enabling enterprises and service providers to effectively monitor and maintain voice and data networks. All products are manufactured in an ISO 9001:2008 certified factory and the Company serves as a contract manufacturing partner to customers nationwide. Further information regarding Teltronics is available at the web site, www.teltronics.com.

A number of statements contained in this press release are forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as we "believe," "anticipate," "expect," or words of similar import. Similarly, statements that describe our future plans, objectives, strategies or goals are also forward-looking statements. These forward-looking statements involve a number of risks and uncertainties that may materially adversely affect the anticipated results. Such risks and uncertainties include, but are not limited to, the timely development and market acceptance of products and technologies, competitive market conditions, payment of the consideration under our acquisition agreements, successful integration of acquisitions and the failure to realize the expected benefits of such acquisitions, the ability to secure additional sources of financing, the ability to reduce operating expenses ,the ability to make payments under our outstanding indebtedness, the ability to pay dividends on our preferred stock, risks relating to foreign currency translations, and other factors described in the Company's filings with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements made herein and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and we disclaim any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.