Evening News that the firm had been acquired by the electrical contractors.

"We have not sold it at all and I don't want any of my clients to think that we have,'' he said.

Mr. Black said he believed it was instead the Bermuda Alarm Company which had been sold to Universal Electric Ltd.

"I was very surprised when I heard that my company had been named in this,'' he added.

"I want to reassure both the public and our clients that that was incorrect information.''