Law Office of Brodsky & Smith, LLC Announces Investigation of Tii Network Technologies, Inc.

BALA CYNWYD, Pa., May 14, 2012 /PRNewswire/ -- Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Tii Network Technologies, Inc. ("Tii" or the "Company") (Nasdaq- TIII) relating to the proposed acquisition by Kelta, Inc. ("Kelta").

Under the terms of the transaction, Tii shareholders would receive only $2.15 in cash for each share of Tii stock they own. The investigation concerns possible breaches of fiduciary duty and other violations of state law by the Board of Directors of Tii for not acting in the Company's shareholders' best interests in connection with the sale process to Kelta. The transaction, which is below reported book value, may result in long term holders of Tii stock suffering substantial losses. For example, Tii stock traded at $3.93 per share on March 8, 2011 and $2.71 on July 15, 2011.

If you own shares of Tii stock and wish to discuss the legal ramifications of the proposed transaction, or have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions.  You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at [e-mail] visiting http://brodsky-smith.com/426-tiii-tii-network-technologies-inc.html, or by calling toll free 877-LEGAL-90.

SOURCE Brodsky & Smith, LLC

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