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VALLEY BUSINESS | BUSINESS ROUNDUP

ORA Electronics Sells Majority Stake to SATX

May 30, 2000

ORA Electronics Inc. of Chatsworth has sold a majority interest to SATX Inc. Under a stock-purchase agreement, majority shareholder Ruth Cooper sold SATX about 4 million shares of ORA stock. Cooper received cash, 400,000 shares of SATX stock and other considerations.

ORA Electronics develops interface solutions and peripheral accessories for wireless communication devices.

SATX Inc. is a telecommunications technology company based in Tampa, Fla.

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