Item 2.01. Completion of Acquisition or Disposition of Assets
HOUSTON, TEXAS, July 6, 2006 - Reliability Incorporated (the "Company", OTC Pink Sheets: REAL.PK), today announced that it had completed the sale of its Houston headquarters building. Net proceeds to the Company were approximately $3.9 million. As a result of the sale The Company repaid all its debt and cash increased by approximately $1.4 million.
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
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RELIABILITY INCORPORATED
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Date: July 06, 2006
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By:
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/s/ James Harwell
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James Harwell
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Executive Vice President
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