Item 1.02.    Termination of a Material Definitive Agreement
 
On November 16, 2005, Reliability Incorporated (the "Company") issued a press release announcing it had entered into an agreement to sell its corporate headquarters building. That press release also disclosed that the potential buyer had a 90-day "feasibility period" (as defined in the agreement) during which the buyer could terminate the agreement.

As a result of the purchaser not being able to secure a lease agreement with a potential tenant, the purchaser informed the Company on February 2, 2006 of its intent to terminate the purchase agreement. The Company is still conducting negotiations with the purchaser and has resumed marketing activities for the sale of the property.

 
 
Item 9.01.    Financial Statements and Exhibits
 
Exhibit 99.1 Press Release Announcing Termination of Agreement to Sell Headquarters Building
 

 

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.
 
      
 
RELIABILITY INCORPORATED
 
 
Date: February 07, 2006
     
By:
 
/s/    Carl V. Schmidt
               
Carl V. Schmidt
               
Chief Financial Officer, Secretary and Treasurer
 
 

 

Exhibit Index
 
Exhibit No.
  
Description
EX-99.1
  
Press Release Announcing Termination of Agreement to Sell Headquarters Building