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August 25, 1988

VERMONT RESEARCH FINDS BUYER FOR A SUBSTATIAL PART OF ITS PROPERTY

By CBR Staff Writer

Vermont Research Corp, proceeding with an orderly liquidation in North Springfield, Vermont, has now found a buyer for a substantial part of its property: it has signed an agreement with local firm Dufresne-Henry Inc for sale of its headquarters building for $650,000, with completion by September 20; Vermont is still in talks on sale of its disk drive production facility and technology, and if an agreement is reached, shareholders’ approval is likely to be required.

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