NOTE 12 – SUBSEQUENT EVENTS

On July 27, 2011, the Company acquired Patapsco Designs Limited of the UK for its Transition Networks business unit.  The purchase price totals £2.8 million (approximately $4.6 million based on the exchange rate at such date), which is made up of £2.0 million in initial cash consideration, £300,000 to be paid out no later than eighteen months from the acquisition date, and £500,000 related to the future achievement of performance targets to paid out no later than two years from the acquisition date.