<SUBMISSION>
<ACCESSION-NUMBER>0001144204-08-058394
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20081020
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20081020
<DATE-OF-FILING-DATE-CHANGE>20081020
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AIRSPAN NETWORKS INC
<CIK>0001105542
<ASSIGNED-SIC>3663
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>WA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-31031
<FILM-NUMBER>081131004
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<BUSINESS-ADDRESS>
<STREET1>777 YAMATO ROAD
<STREET2>SUITE 105
<CITY>BOCA RATON
<STATE>FL
<ZIP>33431
<PHONE>561-893-8670
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>777 YAMATO ROAD
<STREET2>SUITE 105
<CITY>BOCA RATON
<STATE>FL
<ZIP>33431
</MAIL-ADDRESS>
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v129242_8k.htm
<TEXT>
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      Unassociated Document
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">UNITED
      STATES</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Washington,
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      8-K</strong></font></div>
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      of
      Report (Date of earliest event reported): October 20, 2008</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman">AIRSPAN
      NETWORKS INC.</font></div>
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                Employer Identification No.)</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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                Yamato Road, Suite 310, Boca Raton, Florida</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(561)
      893-8670</font></div>
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      the
      appropriate box below if the Form 8-K filing is intended to simultaneously
      satisfy the filing obligation of the registrant under any of the following
      provisions:</font></div>
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                communications pursuant to Rule 425 under the Securities Act (17
                CFR
                230.425)</font></div>
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                material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
                240.14a-12)</font></div>
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                communications pursuant to Rule 14d-2(b) under the Exchange Act (17
                CFR
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                communications pursuant to Rule 13e-4(c) under the Exchange Act (17
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">In
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      announced that it had received notification that NASDAQ has suspended for a
      three month period the enforcement of the rules requiring a minimum $1 closing
      bid price or a minimum market value of publicly held shares. NASDAQ has said
      that it will not take any action to delist any security for these concerns
      during the suspension. NASDAQ has stated that, given the current extraordinary
      market conditions, this suspension will remain in effect through Friday, January
      16, 2009 and will be reinstated on Monday, January 19, 2009. As a result of
      this
      suspension, the Company now has until January 26, 2009 to regain compliance
      with
      the minimum bid rule. The Company previously had until October 22, 2008 to
      regain such compliance.</font></div>
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      10 consecutive business days, NASDAQ will provide written notification that
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      2009, NASDAQ will provide written notification that its securities will be
      delisted. At that time, the Company may appeal NASDAQ&#8217;s determination to delist
      its securities to a Listing Qualifications Panel. The Company may also apply
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      requirements for initial inclusion set forth in Marketplace Rule 4310(c) on
      such
      date. If the Company&#8217;s application is approved, the Company will be afforded the
      remainder of this market&#8217;s second 180 calendar day compliance period in order to
      regain compliance while its common stock remains listed on The NASDAQ Capital
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">A
      copy of
      the press release announcing the receipt of the notification is attached hereto
      as Exhibit 99.1 and is incorporated herein by reference.</font></div>
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      9.01 Financial Statements and Exhibits.</strong></font></div>
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      Exhibits.</strong></font></div>
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          <tr valign="top" style="line-height: 1.25;">
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            <td style="width: 36pt;">
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1
                </font></div>
            </td>
            <td>
              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release dated October 20, 2008</font></div>
            </td>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
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      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.</font></div>
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                David Brant</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
                Brant</font></div>
              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
                Vice President and Chief Financial Officer</font></div>
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      October 20, 2008</font></div>
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      Unassociated Document
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 2.4pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 2.4pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Airspan
      has Received Notification of NASDAQ&#8217;s </strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 2.4pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>Temporary
      Suspension of Bid Price Compliance Rule</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">BOCA
      RATON, Fla. - October 20, 2008 - Airspan Networks Inc. (NASDAQ: AIRN), a leading
      provider of WiMAX based broadband wireless access networks, today announced
      that
      it had received notification that NASDAQ has suspended for a three month period
      the enforcement of the rules requiring a minimum $1 closing bid price or a
      minimum market value of publicly held shares. NASDAQ has said that it will
      not
      take any action to delist any security for these concerns during the suspension.
      NASDAQ has stated that, given the current extraordinary market conditions,
      this
      suspension will remain in effect through Friday, January 16, 2009 and will
      be
      reinstated on Monday, January 19, 2009. As a result of this suspension, the
      Company now has until January 26, 2009 to regain compliance with the minimum
      bid
      rule. Airspan previously had until October 22, 2008 to regain such
      compliance.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
      previously received notification from the NASDAQ Stock Market advising that,
      for
      the previous 30 consecutive business days, the bid price of the Company's common
      stock had closed below the minimum $1.00 per share requirement for continued
      inclusion on The NASDAQ Global Market pursuant to NASDAQ Marketplace Rule
      4450(a)(5) (the "Rule").</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">As
      a
      result of the suspension, if, at any time before January 26, 2009, the bid
      price
      of the Company&#8217;s common stock closes at $1.00 per share or more for a minimum of
      10 consecutive business days, NASDAQ will provide written notification that
      it
      has achieved compliance with the Rule.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">If
      the
      Company does not regain compliance with the Rule by January 26, 2009, NASDAQ
      will provide written notification that its securities will be delisted. At
      that
      time, the Company may appeal to the NASDAQ&#8217;s determination to delist its
      securities to a Listing Qualifications Panel (the &#8220;Panel&#8221;). The Company may also
      apply to transfer its securities to The NASDAQ Capital Market if it satisfies
      the requirements for initial inclusion set forth in Marketplace Rule 4310(c)
      on
      such date. If the Company&#8217;s application is approved, the Company will be
      afforded the remainder of this market&#8217;s second 180 calendar day compliance
      period in order to regain compliance while its common stock remains listed
      on
      the NASDAQ Capital Market.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>About
      Airspan Networks Inc.</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Airspan
      is the industry&#8217;s leading WiMAX pure player, ranked #1 for </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><em>IEEE802.16-2004
      </em></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">WiMAX
      revenue in 2007 and has now been selected for some of the world&#8217;s largest mobile
      WiMAX deployments. With direct sales offices throughout Asia, EMEA and the
      Americas, a worldwide network of resellers and agents, and partnership alliances
      with major OEMs, Airspan boasts over 100 commercial WiMAX deployments worldwide.
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>www.airspan.com</u></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">.
      </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">This
      press release contains forward-looking statements within the meaning of Section
      27A of the Securities Act of 1933 and Section 21E of the Securities Exchange
      Act
      of 1934. All statements, other than statements of historical facts, including
      statements regarding our strategy, future operations, financial position, future
      revenues, projected costs, prospects, plans and objectives of management, may
      be
      deemed to be forward-looking statements. The words "anticipates," "believes,"
      "estimates," "expects," "intends," "may," "plans," "projects," "will," "would"
      and similar expressions or negative variations thereof are intended to identify
      forward-looking statements, although not all forward-looking statements contain
      these identifying words. We may not actually achieve the plans, intentions
      or
      expectations disclosed in our forward-looking statements and you should not
      place undue reliance on our forward-looking statements. There are a number
      of
      important factors that could cause actual results or events to differ materially
      from the plans, intentions and expectations disclosed in the forward-looking
      statements we make. Investors and others are therefore cautioned that a variety
      of factors, including certain risks, may affect our business and cause actual
      results to differ materially from those set forth in the forward-looking
      statements. The Company is subject to the risks and uncertainties described
      in
      its filings with the Securities and Exchange Commission, including its Annual
      Report on Form 10-K for the year ended December 31, 2007 and in the Company's
      2008 Quarterly Reports on Form 10-Q. You should read those factors as being
      applicable to all related forward-looking statements wherever they appear in
      this press release. We do not assume any obligation to update any
      forward-looking statements.</font></div>
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      Investor Relations and Media Inquiries, contact:</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">David
      Brant</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Senior
      Vice President &amp; Chief Financial Officer</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel:
      +1
      561 893-8650</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Fax:
      +1
      561 893-8681</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Email:
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>dbrant@airspan.com</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Charlotte
      Laurent-Ottomane</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Investor
      Relations</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Email:
      </font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><u>clottomane@airspan.com</u></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Tel.
      +561
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