EXHIBIT 99.2
TELIDENT SHAREHOLDERS APPROVE VOLUNTARY DISSOLUTION
MINNEAPOLIS, May 17 /PRNewswire/ -- Telident, Inc. (Nasdaq: TLDT)
announced today that its shareholders have approved the voluntary dissolution of
the company. Telident previously announced that it has entered into a definitive
agreement of sale pursuant to which it plans to sell substantially all of its
assets to Teltronics, Inc. (Nasdaq: TELT) in exchange for 662,500 shares of
Teltronics' common stock. The parties plan to close the sale of assets on May
18, 2000.
Teltronics is dedicated to excellence in design, development and
assembly of electronic equipment and software to enhance the performance of
telecommunications networks. Teltronics manufactures telephone switching systems
and software for small-to-large size businesses, government, and 911 public
safety communications centers. Teltronics provides remote maintenance hardware
and software solutions to help large organizations and regional telephone
companies effectively monitor and maintain their telecommunications systems.
Telident designs, manufactures and markets proprietary hardware and
software systems for providing the exact location of a 9-1-1 telephone call
within a private branch exchange (PBX) system to emergency dispatchers, thus
improving response times and enhancing safety.
The parties' plan to close the sale of assets on May 18, 2000, is a
forward-looking statement which is made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Our ability to close
the transaction on this schedule is subject to a number of contingencies,
including customary closing conditions.
SOURCE TELIDENT, INC.
WEB SITE: http://www.telident.com
COMPANY NEWS ON CALL:
http://www.prnewswire.com/comp/846250.html OR FAX, 800-758-5804,
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