Home Newsmakers Companies Teltronics line sold for $1.75 million

Teltronics line sold for $1.75 million

January 24, 2008

Amcom Software Inc. is the buyer Sarasota-based Teltronics Inc. (TELT.OB) ( www.teltronics.com) has sold it's Telident 911 Solutions line of products to Amcom Software Inc. for $1.75 million, according to U.S. Securities and Exchange Commission filing. Under the agreement, $175,000.00 of the purchase price was deposited into an escrow account to provide Amcom with limited rights to obtain payment for claims made under the indemnity provisions of the agreement.

 

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