BRADENTON, Fla., Nov. 2, 2004 (PRIMEZONE) -- Telesis Technology Corporation (Pink Sheets:TLST) is pleased to announce that the company has completed filing Form 10SB Registration Statement with the Securities and Exchange Commission on November 1st, 2004 in order to become a fully reporting issuer under the Securities Exchange Act of 1934, as amended. This public filing will not only provide the investing public with current information with regards to the company's current and future performance, but will also enable it to eventually apply with the NASD for listing on the OTCBB(r).
The Company's management strongly believes that being SEC fully reporting and the eventual listing on the OTCBB(r) while providing liquidity to its current shareholders, will enhance its ability in attracting additional investors and market makers to the Company's stock, which will be more beneficial overall to the Company's valuation and future business prospects.
"The listing of TLST's common stock on the OTCBB(r) will enhance the Company's liquidity and credibility, providing benefits to both Telesis Technology Corporation and its shareholders, stated Chairman, CEO & President Mr. Hasit Vibhakar.
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. The company is focused on providing product, system and service solutions for Commercial and Government customers. Telesis Technology Corporation has five operating divisions with locations in Bradenton-Florida, Palmetto-Florida, Chapel Hill, North Carolina 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 Act 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 U.S. Securities and Exchange Commission.