Three-Five Systems Completes Brillian Spinoff

TEMPE, Ariz., Sept. 16 -- Three-Five Systems Inc. (TFS) announced it has completed the spinoff of its subsidiary, Brillian Corp., by means of a special dividend distributed to stockholders yesterday. The Brillian common stock was expected to begin trading on Nasdaq as "BRLC" today.

TFS and Brillian will each continue to maintain corporate headquarters in the Tempe, Ariz., facility owned by TFS that also houses Brillian's high-volume microdisplay manufacturing operations. Brillian also maintains its Personal Display Systems Group in Boulder, Colo. Neither company is expected to relocate facilities or personnel or to reduce staff as a result of the spinoff.

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