Telesis (fka TLST)

[Mr Timmy]

Telesis Technology Corporation Sells Telesis Test Labs Division to Celerity

PALMETTO, Fla., Oct 26, 2005 (BUSINESS WIRE) -- Telesis Technology Corporation (OTC: TLST) today announced that it has sold its Telesis Test Labs Division to privately held Celerity in a cash transaction. The details of the agreement and purchase price were not disclosed. The transaction closed October 21st, 2005 and will positively impact the fourth quarter financials ending December 31, 2005. The sell side of the transaction was represented by The Sinclair Group of Sarasota, Florida.
"Our Test Labs division represents approximately 3 percent of our total annual revenues," said Hasit Vibhakar, President of Telesis. "Selling this division will allow us to focus on our core Aerospace & Defense Divisions. This transaction provides a very positive return on our equity and investment."

Commenting on the acquisition, Ms Cynthia Berube, President of Celerity stated, "Telesis Test Labs is a profitable and growing business division that fits well with our core competencies and market focus. Our programming & engineering services coupled with the capabilities we acquire in this deal will allow us to provide a one stop solution for all our customers."

About Telesis Technology Corporation

Telesis Technology Corporation is a Federal Aerospace and Defense Contractor. Telesis Technology Corporation has several operating divisions with main locations in Nebraska and Florida. Company information can be obtained at http://www.telesistechnology.com

About Celerity Test Labs, Inc

Celerity Test Labs, Inc provides engineering & testing services to suppliers & end users of electronic components. The Company specializes in the pre-production and validation of board level components.

"Safe Harbor Statement" under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking statements that involve risks and uncertainties. Statements in this press release other than statements of historical fact are forward-looking statements that are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results, events and performance could vary materially from those contemplated by these forward-looking statements. These statements involve known and unknown risks and uncertainties that may cause the company's actual results in future periods to differ materially from results expressed or implied by forward-looking statements. You should not place undue reliance on forward-looking statements, because they involve these risks and uncertainties. You should independently investigate and fully understand all risks before making investment decisions.

SOURCE: Telesis Technology Corporation