CIS TECHNOLOGIES<CIH> TO SELL SHARES TO SWISS CO CIS Technologies Inc said it executed a formal share purchase agreement with Swiss Reinsurance Co of Zurich, Switzerland. Under terms of the agreement, Swiss Re will acquire 5.5 mln newly issued CIS stock at 2.50 dlrs a share, or 13.8 mln dlrs. This purchase represents 30 pct of the outstanding shares. Swiss Re will acuqire 500,000 of the shares immediately and remaining shares will be bought after a due diligence report is completed by auditors. The transaction is expected to be complete by June 11.