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PCTEL, Inc.
PCTI, a leader in simplifying wireless and site
solutions for private and public networks, announced today that its Board of
Directors has accepted a settlement offer from Tim Scronce. The settlement
relates to matters surrounding PCTEL's recent acquisition of certain TelWorx
Entities assets. The details of the settlement are disclosed in PCTEL's 8-K
filing made earlier today.
PCTEL continues to seek restitution from Scronce's advisors. The company will
continue to cooperate with the SEC's investigation of this matter.
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