Teltronics, Inc. Press Releases
All Teltronics, Inc. product, partnership and financial press releases are posted here.

• Teltronics, Inc. Secures a $12 Million Facility with Wells Fargo Foothill
  

  FOR IMMEDIATE RELEASE
    
  Contact: Ewen R. Cameron, President & CEO   
  ecameron@teltronics.com
  941.753.5000

  SARASOTA, FL, June 4, 2007 ---Teltronics, Inc. (OTCBB: TELT), a leading provider of communications solutions, announced the receipt of a $12 million facility from Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC). Teltronics plans to use the funding for working capital and to support growth strategies by backing new opportunities.

  As we continue to expand our product services and offerings, it is important to establish a banking relationship with a strategic partner more attune to our business needs, stated Ewen Cameron, President and CEO for Teltronics. We are excited about Wells Fargo Foothills knowledge in the technology industry because it provides Teltronics with a unique funding opportunity that allows for more creative investing and growth.

  We are pleased to have been able to provide this facility for Teltronics, said Jerry L. Jansen, senior vice president with Wells Fargo Foothill. We look forward to working with the company in support of its plans for future growth.

  About Wells Fargo Foothill:
  Wells Fargo Foothill is a leading provider of senior secured financing to middle-market companies across the United States and Canada, offering flexible, innovative credit facilities from $10 million to $1 billion and more. It is part of Wells Fargo & Company, a diversified financial services company with $486 billion in assets, providing banking, insurance, investments, mortgage and consumer finance to more than 23 million customers from more than 6,000 stores and the Internet (wellsfargo.com) across North America and elsewhere internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moodys Investors Service, Aaa, and Standard & Poors Ratings Services, AAA. For more information, visit Wells Fargo Foothill on the Internet at www.wffoothill.com.

  About Teltronics:
  Teltronics, Inc. is a leading global provider of communications solutions and services that help businesses excel. The Company manufactures telephone switching systems and software for small-to-large size businesses, government, and 911 public safety communications centers. Teltronics offers a full suite of Contact Center solutions - software, services and support to help their clients satisfy customer interactions. Teltronics also provides remote maintenance hardware and software solutions to help large organizations and regional telephone companies effectively monitor and maintain their voice and data networks. The Company serves as an electronic contract-manufacturing partner to customers in the U.S. and overseas. Further information regarding Teltronics can be found at their web site, 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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• Teltronics, Inc. Announces First Quarter Results
  

  FOR IMMEDIATE RELEASE    
    
  Contacts: 
  Ewen Cameron, President & CEO ecameron@teltronics.com
  941.753.5000

  
  Teltronics Announces First Quarter Results

  SARASOTA, Florida, May 14, 2007 Teltronics, Inc.(OTCBB: TELT) today announced its financial results for the three months ended March 31, 2007. 

  Sales for the three months ended March 31, 2007 were $9.6 million as compared to $10.3 million reported for the same period in 2006.  Gross profit margin for the three months ended March 31, 2007 decreased to 36.6% from 38.0% reported for the same period in 2006.  Operating expenses for the three months ended March 31, 2007 were $4.1 million as compared to $4.2 million reported for the same period in 2006.  The net loss for the three months ended March 31, 2007 was $1.0 million as compared to a net loss of $560,000 reported for the same period in 2006.  The net loss available to common shareholders for the three months ended March 31, 2007 was $1.2 million as compared to $723,000 reported for the same period in 2006.  Our diluted net loss per share for the three months ended March 31, 2007 was $0.14 as compared to a diluted net loss per share of $0.08 reported for the same period in 2006.

  We are disappointed in the first quarter loss, said Ewen Cameron, Teltronics President and CEO.  We had a short fall of sales in March due to timing issues with some expected orders.  We should see an increase in profit due to in-house orders received in the second quarter, and anticipated orders for the remainder of the year.

  
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  About Teltronics:
  Teltronics, Inc. is a leading global provider of communications solutions and services that help businesses excel. The Company manufactures telephone switching systems and software for small-to-large size businesses and government facilities. Teltronics Enhanced 911 solutions provide lifesaving information to public safety communications centers. Teltronics offers a full suite of Contact Center solutions - software, services and support to help their clients satisfy customer interactions.  Teltronics also provides remote maintenance hardware and software solutions to help large organizations and regional telephone companies effectively monitor and maintain their voice and data networks. The Company serves as an electronic contract-manufacturing partner to customers in the U.S. and overseas. Further information regarding Teltronics can be found on their web site, 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 w