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Dauphin Signs Stock-Swap Pact With EDC Hellas

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Dauphin [DNTK] signed a stock-swap agreement with EDC Hellas, a subsidiary of Belgium-based European Datcomm Holding that manufactures telematics and satellite communication products. According to the agreement, Dauphin will acquire a 51-percent interest in EDC in exchange for 7 million preferred shares of Dauphin. The transaction is expected to close within 60 days, pending required legal approvals.

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