U.S. SECURITIES AND EXCHANGE COMMISSION
                      WASHINGTON, D.C.   20549

                             FORM 10-QSB

(X) QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE 
    SECURITIES EXCHANGE ACT OF 1934

    For the quarterly period ended:  June 30, 1997               
                                   -----------------------------
                                or

( ) TRANSITION REPORT UNDER SECTION 13 or 15(d) OF THE 
    EXCHANGE ACT

    For the transition period from ____________ to _____________  

Commission file number:     0-17893                              
                       -----------------------------------------

                          TELTRONICS, INC.                       
----------------------------------------------------------------
(Exact name of small business issuer as specified in its charter)

           Delaware                        59-2937938
-------------------------------         ------------------------
(State or other jurisdiction of         (I.R.S. Employer 
incorporation or organization)           Identification No.)           

    2150 Whitfield Industrial Way, Sarasota, FL   34243-4046    
----------------------------------------------------------------
            (Address or principal executive offices)

Issuer's telephone number:     (941) 753-5000                   
                          --------------------------------------

                          Not Applicable                         
----------------------------------------------------------------
     (Former name, former address and former fiscal year, 
                 if changed since last year)

   Check whether the issuer: (1) filed all reports required to
be filed by Section 13 or 15(d) of the Exchange Act during the past 12
months (or for such shorter period that the registrant was required to
file such reports), and (2) has been subject to such filing requirements
for the past 90 days.   

Yes   X      No        
    -----      -----

               APPLICABLE ONLY TO CORPORATE ISSUERS

   State the number of shares outstanding of each of the issuer's 
classes of common equity, as of the latest practicable date:  4,016,013
                                                            -----------

Exhibit index appears on page 12.    Total pages - 13.

<PAGE>     2

PART I - FINANCIAL INFORMATION

                           TELTRONICS, INC.

                      CONSOLIDATED BALANCE SHEET

                                ASSETS
<TABLE>
<CAPTION>
                                         JUNE 30,      DECEMBER 31,
                                           1997            1996
                                      -------------    ------------
                                       (Unaudited)   

<S>                                     <C>            <C>
CURRENT ASSETS:
   Cash                                 $   400,625    $         0
   Receivable from escrow agent           1,250,000              0
   Accounts receivable, net of 
     allowance for doubtful 
     accounts of $151,297 at 
     June 30, 1997 and $125,250
     at December 31, 1996                 5,534,965      5,732,356
   Subscription receivable                        0         24,125
   Inventories                            7,923,293      7,642,205
   Prepaid expenses and 
     other current assets                   735,408        494,051
                                        -----------    -----------
      Total current assets               15,844,291     13,892,737
                                        -----------    -----------
PROPERTY AND EQUIPMENT, NET               3,036,622      2,723,825
                                        -----------    -----------
OTHER ASSETS:
   Prepaid lease guarantee, net             228,690        242,688
   Software development costs, net           83,280         83,280
   Other                                    218,962         70,555
                                        -----------    -----------
      Total other assets                    530,932        396,523
                                        -----------    -----------
TOTAL ASSETS                            $19,411,845    $17,013,085
                                        ===========    ===========
</TABLE>

                             see accompanying notes

<PAGE>     3

                  LIABILITIES AND STOCKHOLDERS' EQUITY
  
<TABLE>
<CAPTION>
                                         JUNE 30,      DECEMBER 31,
                                           1997           1996
                                      =============    ============
                                        (Unaudited)

<S>                                     <C>            <C>
CURRENT LIABILITIES:
   Cash overdraft                       $         0    $    25,180
   Current portion of long-term debt      4,669,359      4,225,407
   Current portion of capital lease 
     obligations                            129,574        129,574
   Accounts payable                       5,552,993      8,321,876
   Accrued expenses                       1,411,347      1,377,700
   Deferred income                          180,219        252,356
   Other current liabilities                149,249         42,218
                                        -----------    -----------
      Total current liabilities          12,092,741     14,374,311
                                        -----------    -----------
LONG-TERM LIABILITIES:
   Long-term debt, less 
     current portion                      4,733,777        799,986
   Capital lease obligations,
     less current portion                    36,031        121,754
                                        -----------    -----------        
       Total long-term liabilities        4,769,808        921,740
                                        -----------    -----------

STOCKHOLDERS' EQUITY:
   Common stock, $.001 par, 
     40,000,000 shares authorized, 
     3,866,013 issued and outstanding         3,867          3,367
   Non-voting common stock, $.001 par, 
     5,000,000 shares authorized, 
     0 issued and outstanding                     0              0
   Preferred stock, $.001 par value, 
     5,000,000 shares authorized, 
     100,000 issued and outstanding             100            100
   Additional paid-in capital            14,434,772     13,185,272
   Accumulated deficit                  (11,889,443)   (11,471,705)
                                        -----------    -----------
      Total stockholders' equity          2,549,296      1,717,034
                                        -----------    -----------
TOTAL LIABILITIES AND 
STOCKHOLDERS' EQUITY                    $19,411,845    $17,013,085
                                        ===========    ===========
</TABLE>
                            see accompanying notes


<PAGE>     4

            CONSOLIDATED STATEMENT OF OPERATIONS (Unaudited)

<TABLE>
<CAPTION>
                             3 MONTHS ENDED           6 MONTHS ENDED 
                                JUNE 30,                  JUNE 30,
                         ======================  ========================
                            1997         1996          1997         1996     
                         ----------   ----------   -----------   -----------
<S>                      <C>          <C>          <C>           <C>
SALES                    $8,488,426   $6,284,190   $16,586,798   $13,309,261
COST OF GOODS SOLD        5,343,319    4,127,083    10,962,078     8,957,747
                         ----------   ----------   -----------   -----------
GROSS PROFIT              3,145,107    2,157,107     5,624,720     4,351,514
                         ----------   ----------   -----------    ----------  
OPERATING EXPENSES
 General and 
  administrative          1,134,727      543,966     1,862,426     1,014,527 
 Research and 
  development               715,762      469,378     1,182,689       669,322
 Selling and marketing 
  expenses                1,170,072    1,256,576     2,297,570     2,563,627
                         ----------   ----------   -----------   -----------
                          3,020,561    2,269,920     5,342,685     4,247,476
                         ----------   ----------   -----------   -----------
OPERATING INCOME (LOSS)     124,546     (112,813)      282,035       104,038
                         ----------   ----------   -----------   -----------

OTHER INCOME (EXPENSES)
 Interest expense          (294,755)    (134,069)     (514,222)     (259,863)
 Finance expense            (29,975)           0       (76,363)            0
 Litigation expense          (3,672)           0       (80,396)            0
 Miscellaneous                8,073       27,103       (28,792)       20,910
                         ----------   ----------   -----------   -----------
                           (320,329)    (106,966)     (699,773)     (238,953) 
                         ----------   ----------   -----------   -----------
INCOME (LOSS) BEFORE 
 INCOME TAXES              (195,783)    (219,779)     (417,738)     (134,915)

PROVISION FOR 
 INCOME TAXES                     0            0             0             0
                         ----------   ----------   -----------   -----------
NET PROFIT (LOSS)        $ (195,783)  $ (219,779)  $  (417,738)  $  (134,915)
                         ==========   ==========   ===========   ===========
NET PROFIT (LOSS) 
 PER SHARE               $    (0.05)  $    (0.08)  $     (0.12)  $     (0.05)
                         ==========   ==========   ===========   ===========
AVERAGE NUMBER OF 
 COMMON SHARES 
  OUTSTANDING             3,618,760    2,610,168     3,493,085     2,610,168
                         ==========   ==========   ===========   ===========
</TABLE>
                              see accompanying notes


<PAGE>     5
                                     
        CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited)

<TABLE>
<CAPTION>
                                                               
                                                                                    RETAINED
                               COMMON STOCK      PREFERRED STOCK    ADDITIONAL      EARNINGS
                               ============      ===============     PAID-IN     (ACCUMULATED
                              ISSUED   AMOUNT     ISSUED  AMOUNT     CAPITAL        DEFICIT)       TOTAL
                              ------   ------     ------  ------    ----------   ------------      -----
<S>                         <C>        <C>       <C>       <C>     <C>           <C>             <C>
Balance at
  December 31, 1996         3,366,013  $3,367    100,000   $100    $13,185,272   $(11,471,705)   $1,717,034

Net loss                            0       0          0      0              0       (221,955)     (221,955)
                            ---------  ------    -------   ----    -----------   ------------    ----------
Balance at
  March 31, 1997            3,366,013  $3,367    100,000   $100    $13,185,272   $(11,693,660)   $1,495,079

Shares issued pursuant 
to the Employee Stock 
Payment Plan at an average 
price of $2.50 Per share      500,000     500          0      0      1,249,500              0     1,250,000

Net loss                            0       0          0      0              0       (195,783)     (195,783)
                            ---------  ------    -------   ----    -----------   ------------    ----------
Balance at
 June 30, 1997              3,866,013  $3,867    100,000   $100    $14,434,772   $(11,889,443)   $2,549,296
                            =========  ======    =======   ====    ===========   ============    ==========
</TABLE>
                                  see accompanying notes


<PAGE>     6

            CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited)

<TABLE>
<CAPTION>
                                               6 MONTHS ENDED
                                         -----------------------------
                                         June 30, 1997   June 30, 1996
                                         =============   =============

<S>                                       <C>            <C>
CASH FLOWS FROM OPERATING ACTIVITIES:
  Net income (loss)                       $  (417,738)   $  (134,915)
  Adjustments to reconcile net 
    income (loss) to net cash:
   Depreciation and amortization              344,242        297,798
   Changes in assets and liabilities:
    Accounts receivable and 
      prepaid expenses                        (43,966)    (1,630,108)
    Inventories                              (281,088)       171,078
    Accounts payable and 
      accrued liabilities                  (2,628,205)       801,699
    Deferred income                           (72,137)        29,868
    Increase in other assets                 (134,409)      (257,069)
                                          -----------    -----------
      Net cash flows from 
        operating activities               (3,233,301)      (721,649)
                                          -----------    -----------
CASH FLOWS FROM INVESTING ACTIVITIES:
  Purchase of property and equipment         (657,039)      (473,969)
  Capitalized software development costs            0       (212,687)
                                          -----------    -----------
     Net cash flows from 
       investing activities                  (657,039)      (686,656)
                                          -----------    -----------

CASH FLOWS FROM FINANCING ACTIVITIES:
  Proceeds from line of credit             12,519,581     10,631,951
  Repayment on line of credit             (12,075,629)    (9,432,176)
  Proceeds from Debenture issuance          4,250,000              0
  Repayment of notes payable and
    other long-term debt                     (401,932)      (254,861)
  Cash received from Preferred 
    Stock issuance                             24,125              0
  Proceeds from notes payable                       0        261,382
                                          -----------    -----------
     Net cash flows from 
       financing activities                 4,316,145      1,206,296
                                          -----------    -----------
Net increase (decrease) in cash               425,805       (202,009)
Cash and cash equivalents, 
  beginning of period                         (25,180)       264,379
                                          -----------    -----------
Cash and cash equivalents, 
  end of period                           $   400,625    $    62,370
                                          ===========    ===========

SUPPLEMENTAL NON-CASH FINANCING AND
INVESTING ACTIVITIES:
  Issuance of shares pursuant to the 
    Employee Stock Payment Plan at an 
    average price of $2.50 per share      $ 1,250,000    $         0 
                                          ===========    ===========
</TABLE>
                        see accompanying notes

<PAGE>     7

                            TELTRONICS, INC.

     NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - GENERAL

The financial statements as of June 30, 1997 and for the six month
period then ended are unaudited and, in the opinion of the Company,
reflect all adjustments necessary for a fair presentation of such
data and have been prepared on a basis consistent with the December
31, 1996 Audited Financial Statements.  All such adjustments were
of a normal recurring nature.  The unaudited results of operations
for the interim periods reported are not necessarily indicative of
expected results for the year.

The year-end condensed balance sheet data included in the condensed
financial statements were  derived from audited financial
statements, but does not include all disclosures required by
generally accepted accounting principles.  The statements should be
read in conjunction with the financial statements and related notes
included in the Company's Form 10-KSB for the year ended December
31, 1996.


NOTE B - COMMON STOCK

During the three (3) month period ended June 30, 1997, the Company
issued 500,000 shares of its Common Stock registered on Form S-8 to
its employees for future services under the Company's Employee
Stock Payment Plan in an aggregate amount of $1,250,000.  The
shares are held under an Escrow Agreement.  As the shares are sold,
proceeds are placed in an escrow account and used to fund the
Company's payroll.  The Company has recorded $1,250,000 as a
receivable from the Escrow Agent as of June 30, 1997.  The shares
were issued at $2.50 per share and no expense was recorded under
this arrangement.


NOTE C - SUBSEQUENT EVENTS

Subsequent to June 30, 1997, the Company issued an additional
150,000 shares of its Common Stock registered on Form S-8 under the
Employee Stock Payment Plan to employees for future services.  The
shares are held under an Escrow Agreement.  As the shares are sold,
the proceeds are placed in an escrow account and used to fund the
Company's payroll.  The shares were issued at $2.50 per share and
no expense was recorded under this arrangement. 

On August 1, 1997, the Company's principal lender, The CIT
Group/Credit Finance ("CIT") entered into a Ninth Amendment to the
Company's Line of Credit Facility and Term Loan.  The Amendment
reduced the interest rate from 2.5% to 2.0% above prime rate,
increased maximum availability from $4,950,000 to $7,000,000,
increased the prepayment penalty for any payment prior to October
28, 1998 from 1% to 1.5%, extended the Initial Term by one year,
and added the Company's subsidiary, Interactive Solutions, Inc., as
a co-borrower on the Line of Credit Facility and Term Loan.

<PAGE>     8

ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL
         CONDITION AND RESULTS OF OPERATIONS


GENERAL OVERVIEW

The first six months of 1997 reflected sales of $16,587,000
compared to $13,309,000 for the first six months of 1996.  This
sales variance was due to increased sales by AT Supply, Inc. ("AT
Supply") and additional sales by Teltronics/SRX, Inc. ("SRX").  The
SRX business was purchased in September, 1996.  Gross profit
increased to $5,625,000 from  $4,352,000 for the first six months
of 1996, primarily as a result of the increased sales and improved
margins.  Total operating expenses increased to $5,343,000 from
$4,247,000 for the first six months of 1996.  The increased
operating expenses related to SRX and research and development and
sales expenses recorded by the Company's subsidiaries, Interactive
Solutions, Inc. ("ISI") and SRX.  The first six months of 1997
reflected a net loss of $(418,000) compared to a net loss of
$(135,000) for the first six months of 1996.  The loss for the
first six months is the direct result of the research and sales
expenses incurred by ISI, litigation expenses at AT Supply and
severance paid due to personnel reductions at the Company.


RESULTS OF OPERATIONS 

THREE MONTHS ENDED JUNE 30, 1997 AND 1996.

Total sales for the three months ended June 30,  1997 increased by
approximately $2,204,000 over the same period of 1996.  This
variance was due to increased sales by AT Supply and additional 
sales by SRX.

Gross profit for the three months ended June 30, 1997 increased to
$3,145,000 from $2,157,000 for the same quarter of 1996.  The
increase in gross profit was the result of  increased sales and
improved margins.  The gross profit percentage of sales increased
to 37.1% from 34.3% for the same quarter of 1996.  The increase was
due to product mix, with increased SRX sales and reduced electronic
contract manufacturing.

Total operating expenses for the three months ended June 30, 1997
were $3,021,000 as compared to $2,270,000 for the same quarter of
1996.  General and administrative expenses were $1,135,000 for the
quarter compared to $544,000 for the same quarter of 1996.  This
increase is due to expenditures related to SRX.

Research and development expenses were $716,000 for the quarter
compared to $469,000 for the same quarter of 1996.  This increase
is the result of the Company's continuing research funding in ISI
and SRX.

Selling and marketing expenses were $1,170,000 for the quarter
compared to $1,257,000 for the same quarter of 1996.  This decrease
relates to personnel reductions.

Operating income was $125,000 for the quarter compared to
$(113,000) for the same quarter of 1996.  This increase relates to
improved sales and margins.

<PAGE>     9

Interest expense for the quarter was $295,000 compared to $134,000
for the same period of 1996.  This increase resulted from increased
borrowings related to AT Supply and borrowings for SRX and ISI.

Net loss was $(196,000) compared to $(220,000) for the same period
of 1996.  The loss was primarily the result of the Company's
decision to pursue opportunities associated with research and
development of ISI.

SIX MONTHS ENDED JUNE 30, 1997 AND 1996.

Total sales for the six months ended June 30, 1997 increased by
approximately $3,278,000 over the same period of 1996.  This
variance was due to increased sales by AT Supply and additional
sales by SRX.

Gross profit for the six months ended June 30, 1997 increased to
$5,625,000 from $4,352,000 for the same quarter of 1996.  The
increase in gross profit was the result of increased sales.  The
gross profit percentage of sales increased to 33.9% from 32.7% for
the same period of 1996.  This increase was due to product mix,
with increased SRX sales and reduced electronic contract
manufacturing.

Total operating expenses for the six months ended June 30, 1997
were $5,343,000 as compared to $4,247,000 for the same period of
1996.  General and administrative expenses were $1,862,000 for the
six months compared to $1,015,000 for the same period of 1996. 
This increase is due to expenditures related to SRX.

Research and development expenses were $1,183,000 for the six
months compared to $669,000 for the same quarter of 1996.  This
increase is the result of the Company's continuing research funding
in ISI and SRX.

Selling and marketing expenses were $2,298,000 for the six months
compared to $2,564,000 for the same period of 1996.  This decrease
relates to personnel reductions.

Operating income was $282,000 for the six months compared to
$104,000 for the same period of 1996.  This increase related to
improved sales and margins.

Interest expense was $514,000 for the six months compared to
$260,000 for the same period of 1996.  This increase resulted from
increased borrowings related to AT Supply and borrowings for SRX
and ISI.

Net loss for the six months was $(418,000) compared to $(135,000)
for the same period of 1996.  The loss was primarily the result of
the Company's decision to pursue opportunities associated with
research and development of ISI, litigation expenses at AT Supply
and severance paid due to personnel reductions at Teltronics.


FINANCIAL CONDITION

Total assets at June 30, 1997 were $19,411,845 compared to
$17,013,085 at December 31, 1996.  The Company's current ratio at
June 30, 1997 was 1.31:1, compared to .966:1 at December 31, 1996.

<PAGE>     10

LIQUIDITY AND CAPITAL RESOURCES

Cash requirements were met with cash provided primarily by
borrowings from CIT and the Debentures discussed below.  The CIT
facility provides for borrowings by the Company, ISI and AT Supply up 
to $7,000,000, which includes $1,500,000 allocated to AT Supply. 
$346,000 of this total was a term loan secured by assets at an interest
rate of 2% above the prime rate to be repaid monthly until fully paid 
on October 28, 2000.  The remaining line facility is a revolving loan
secured by assets at an interest rate of prime plus 2%.

The Company's current ratio at June 30, 1997 was 1.31:1.  Net
working capital was $3,751,550 at June 30, 1997.  Short term
requirements are expected to be met through cash flows from
operations and by the credit line facility.

On February 13, 1997, the Company entered into a Debenture Purchase
Agreement and  sold $4,250,000 aggregate principal amount of its
11% Subordinated Convertible Debentures Due on February 13, 2002 to
Sirrom Capital Corporation.  The Debentures bear interest at the
rate of 11% per annum, payable quarterly commencing May 1, 1997. 
Fees in connection with the Debentures totaled $106,250.

The Debentures are subordinated to certain other indebtedness of
the Company.  Subject to and upon compliance with certain
provisions of the Agreement, the holder of the Debentures has the
right, at its option, at anytime, to convert the principal amount
of the Debenture, or any portion thereof, into shares of the
Company's Voting Common Stock, par value $.001 per share at a
conversion price (subject to adjustment under certain conditions)
of $4.00 per share.

In addition, the Company is exploring the possibility of other
equity or debt financing.  


CURRENT OUTLOOK

The Company has successfully integrated the business of SRX,
transferring the majority of manufacturing from an outside
contractor to the Company's own facility.  Sales of the SRX Vision
PBX continue to increase monthly as the Company re-establishes the
distributor network and adds new customers.  The majority of the
loss during the second quarter is due to the continued funding of
ISI.  The Company is producing the first hundred, pre-production
run of the ISI product, which should be available for sale in the
third quarter.

The Company continues to evaluate its businesses in order to focus
on the higher margin areas.  Generally, the Company should be
better positioned in a number of different markets to improve its
profitability later in the year.  In addition, The Company
implemented a personnel reduction plan in the first six months of
1997 which will reduce annual expenses by approximately $750,000.

<PAGE>     11

PART II - OTHER INFORMATION


ITEM 1. LEGAL PROCEEDINGS

        On or about September 12, 1995, Commstar, Ltd., a Canadian
        corporation, commenced an action in the Circuit Court of
        the Thirteenth Judicial District, Hillsborough County,
        Florida, against the Company, a director of the Company,
        and a former majority owned subsidiary of the Company,
        seeking damages in connection with a sale of shares of the
        former subsidiary in 1993.  The complaint, which seeks
        rescission, damages in excess of $15,000, as well as costs
        and attorneys fees, was dismissed on February 9, 1996
        without prejudice.  The complaint was subsequently refiled
        and discovery in the action has commenced.  Although the
        complaint does not set forth precisely the damages sought
        by Commstar, the complaint alleges that Commstar agreed
        to pay $600,000 for the shares of the former subsidiary
        and that Commstar owed the Company approximately $98,700. 
        The Company believes that it has meritorious defenses to
        the allegations and is vigorously defending the refiled
        complaint.

        In November, 1995, C&L Communications commenced an action
        in the District Court, 37th Judicial District Bexar
        County, Texas against AT Supply,  two AT Supply officers
        and a former employee.  In April, 1997, the Company was
        named as an additional Defendant. The claims against AT
        Supply are for misappropriation/conversion of C&L's trade
        secrets, conspiracy, and acceptance of the benefits of an
        alleged breach of fiduciary duty by the individual
        defendants.  The Complaint seeks damages equal to profits
        allegedly lost as a result of disclosure of the
        confidential information allegedly diverted to the
        Defendants and for exemplary damages.  All Defendants have
        denied liability and are vigorously defending the
        allegations.  Trial is scheduled for January, 1998.

ITEM 2. CHANGES IN SECURITIES - None

ITEM 3. DEFAULTS UPON SENIOR SECURITIES - None

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

        At the annual meeting of shareholders on June 26, 1997,
        the shareholders of the Company:

        (1)    Elected Norman R. Dobiesz, Ewen R. Cameron, Craig
               Macnab and Carl S. Levine directors to serve until
               the next annual meeting of the shareholders (2,406,543
               Common Stock votes and all of the Series A Preferred
               Stock votes in favor, 22,712 votes withheld/abstentions,
               25,897 non-votes):

        (2)    Ratified the appointment of Millward & Co. as the
               Company's independent auditors for the 1997 fiscal
               year (2,416, 429 Common Stock votes and all of the
               Series A Preferred Stock votes in favor, 4,262
               votes opposed, 8,276 abstentions); and

<PAGE>     12

        (3)    Approved an amendment increasing the number of
               shares of Common Stock available for option grants
               under the Company's 1995 Incentive Stock Option
               Plan from 250,000 to 1,250,000 (1,714,807 Common
               Stock votes and all of Series A Preferred Stock
               votes in favor, 29,370 votes opposed and 40,574
               abstentions).

ITEM 5. OTHER INFORMATION - None

ITEM 6A.       EXHIBITS

         10.158 Ninth Amendment to Loan and Security Agree-
                ment and First Note Modification Agreement dated 
                July 23, 1997 between The CIT Group/Credit 
                Finance, Inc. and Teltronics, Inc., AT Supply, 
                Inc. and Interactive Solutions, Inc. . .... . . .  .. . .(a)
         27     Financial Data Schedule (for SEC purposes only) ..... . .(a)


ITEM 6B. REPORTS ON FORM 8-K - None
________________________

(a) Filed as an Exhibit to this Quarterly Report on Form 10-QSB
    for the six month period ended June 30, 1997.

<PAGE>     13

In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.



                               TELTRONICS, INC.

August 11, 1997                Ewen Cameron                      
                               President and Chief Executive Officer