Contact: Ewen R. Cameron, President & CEO
ecameron@teltronics.com
941.753.5000
FOR IMMEDIATE RELEASE
TELTRONICS, INC. UPGRADES TO A STATE-OF-THE-ART FACILITY
The Teltronics headquarters has relocated from Sarasota, FL, to a facility in Palmetto, FL
PALMETTO, FL, December 8, 2009 --- Teltronics, Inc. (OTCBB: TELT), a premier provider of communications products and services, today announces the relocation of its headquarters from Sarasota, FL, to a modern facility in Palmetto, FL, which is approximately 20 miles further north.
The new headquarters facility is comprised of 21,520 square-feet office space and 30,000 square-feet manufacturing space. To date, Teltronics operates business from both the new facility and the former 2150 Whitfield Industrial Way address in order to continue manufacturing processes. Manufacturing at the Palmetto facility is scheduled to begin the first quarter of 2010.
Located near the I-75 and I-275 interchange, the new 2511 Corporate Way location will vastly improve company visibility and attract personnel in the Tampa Bay, Sarasota/Bradenton and surrounding areas.
CEO for Teltronics, Ewen Cameron, states, “After 27 years at the Sarasota location, the Company is pleased to find an outstanding, new facility in which we are proud to showcase to worldwide clients, partners, potential business associates and the community. At the same time, we are creating an environment that reflects the future of our business.”
Teltronics joins Sysco Foods and Peek Traffic Corporation among other businesses located in Gulf Coast Corporate Park, a Miller Enterprises Development. The lease at the Palmetto facility will run for 15 years.
About Teltronics:
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, http://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.
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