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Teltronics, Inc. (fka TELTQ) RSS Feed

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Teltronics, Inc. Pursues Sale
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8127922 
 
Teltronics (NASDAQ Bulletin Board: TELT.OB) has put itself up for sale as a means to exit Chapter 11 bankruptcy.
 
The 42 year old Palmetto, FL based company manufactures and services electronic hardware and software, primarily in the telecommunications industry. Teltronics offers state-of-the-art electronic design, development and manufacturing ("ISO 9001:2008") as well as installation and contract maintenance services to a world-class roster of customers, including AT&T, Verizon, Sprint, Gazprom, ABB, Federal Bureau of Prisons and the New York Department of Education among others.
 
With a global installed base of products, Teltronics operates three primary business segments via its US and UK companies and sales offices around the world:
 
    Communications       Contract Manufacturing 
   

 
 
Teltronics' installed base of proprietary communication and alarm products has created a contract service and maintenance platform with a multi-year recurring revenue stream associated with the support of long-time customers.
 
The Company was compelled to seek the relief of Chapter 11 as a persistent lack of capital made the company vulnerable to the contraction in business associated with the recent recession. Teltronics filed on June 27, 2011.  Management has used this opportunity to right-size its cost structure and refocus the organization.
 
Teltronics will emerge from bankruptcy with a predictable core business and a stable of new and innovative products that enhance current customer relationships and provide significant opportunities for growth via expanded product offerings, additional channel penetration and enter into new markets.

 
($000's)   2009   2010   2011P  2012P  2013P  2014P  2015P 
Sales      $43.1  $26.2   $21.4    $27.7   $40.5   $48.2    $52.4 
    GP %  41%    35%    41%      41%     39%     38%      38% 
EBITDA  7.2  <1.6>  1.1  3.4  6.5  8.2  8.8 

 
If you wish to obtain any financial data or other information about this opportunity, please contact:


David Asmann
dasmann@tritoncap.com
312-575-0192  Jeff Connell
jconnell@tritoncap.com
312-575-0190 
 
TRITON CAPITAL PARTNERS, LTD
www.tritoncap.com

 



Chapter 11 Bankruptcy filed
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8012193

Teltronics, Inc., together with its subsidiaries, engages in design, installation, development, manufacture, and marketing of electronic hardware and application software products primarily in the telecommunication industry. It develops Intelligent Systems Management product line to maintain alarm monitoring for voice networks consist of remote agents and a management information system (MIS). The company's remote agent, a microcomputer device, is designed to operate in unattended environment, detect events in various customer equipment, and report selected events to MIS via local area network, wide area net work, the Internet, or the public telephone network. The MIS offers IRISnGEN software that provides tools required to manage remote agents and access network elements for routine maintenance. This software is used to collect data stored in remote agents and direct the data to the proper software application for processing. The company's products also include digital switching systems, voice over Internet Protocol, customer contact management systems, and emergency response systems. Teltronics provides electronic manufacturing services, including design and test ability reviews, turnkey material procurement and management, automated through-hole or surface mount circuit board assembly, in-circuit and functional test, and final mechanical integration for companies in the telecommunications, industrial control, test and measurement, and other computer-related industries. It also offers remote maintenance hardware and software solutions to organizations and regional telephone companies that monitor and maintain their voice and data networks. Teltronics was founded in 1988 and is headquartered in Sarasota, Florida.

August 14, 2006

A/S   40,000,000
O/S- 8,730,539 (Sept, 2010)

Teltronics Inc.
2511 Corporation Parkway
Palmetto, FL 34221
Phone: 941-753-5000
Fax: 941-758-8469
Web Site: http://www.teltronics.com

70211-24

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