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Los Angeles-based Telecredit Inc. announced that it...

Los Angeles-based Telecredit Inc. announced that it has decided to write off substantially all of its approximately $25-million investment in its Light Signatures Inc. subsidiary as part of a restructuring of LSI that will allow the unit to concentrate on the licensing of its patents and technology. The anticipated writeoff will be reflected in results for the fiscal year ended April 30, which are expected to be announced in late June.


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