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Monday, 03/28/2005 10:36:47 AM

Monday, March 28, 2005 10:36:47 AM

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Telesis Technology Corporation Reports Year End Results For 2004

Monday , March 28, 2005 08:39 ET

PALMETTO, Fla., Mar 28, 2005 (BUSINESS WIRE) --Telesis Technology Corporation (OTC:TLST) today announced results for the year end and twelve month results ended December 31, 2004.

Sales revenue for the year end and twelve months ended on December 31, 2004 was $ 1,545,180.00 compared with $ 721,419.00 for the same period ended a year earlier in 2003. This was an increase of 114% in Revenues. Gross Profit for the year end and twelve months ended on December 31, 2004 was $ 511,950.00 compared with $ 202,831.00 for the same period in 2003. This was an increase of 152%. Telesis Technology Corporation reported a positive net income after tax for the year end and twelve months ended December 31, 2004 of $ 89,159.00 or $ 0.01 basic earnings per share (EPS). This is a 49% increase from 2003 net income earnings.

Total Assets for the twelve months ended on December 31, 2004 were reported at $ 1,391,573.00 compared to $ 502,301 for the same period in 2003. This was an increase of 177%. Total Liabilities for the twelve months ended December 31, 2004 were $ 471,690 compared to $ 158,971 which is an increase of 196%.

"Telesis reported an outstanding year end and twelve month operating result," said Mr. Hasit Vibhakar, Chairman, CEO & President of Telesis Technology Corporation. "We generated positive cash flow while growing our core assets by 177% all by organic growth. Shareholder's equity has increased to $ 919,883. We maintained very strong gross profit margins at 33.1% on strong demand and acceptance of our products and services."

About Telesis Technology Corporation

Telesis Technology Corporation designs, develops, tests, manufactures and markets a diverse range of Aerospace & Defense products. Our products are in worldwide use, supporting communication systems, networks, test systems and applications for the Aerospace & Defense sectors. Telesis Technology Corporation has several operating divisions with locations in Palmetto, Florida; Superior, Nebraska and Singapore. Company information can be obtained at http://www.telesistechnology.com

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation & Reform Act of 1995. In this press release, the words "estimate," "project," "believe," "anticipate," "intend," "expect," and similar expressions are intended to identify forward-looking statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, the Company's ability to obtain additional financing to implement its business strategy, the delay or failure to properly manage growth and successfully integrate acquired companies and operations, lack of geographic diversification, imposition of new regulatory requirements affecting its business, a downturn in the general economic conditions, and other risks detailed from time to time in the Company's periodic reports filed with the SEC.

SOURCE: Telesis Technology Corporation

Telesis Technology Corporation, Palmetto
Investor Relations:
Hasit Vibhakar, 941-795-7441 ext: 228
ir@telesistechnology.com

Copyright Business Wire 2005


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