Captive Audience Display Solutions Announces Partnership for Oil Exploration
10 7월 2008 - 3:00PM
UK Regulatory
Captive Audience Display Solutions Announces Partnership for Oil Exploration
Dublin 2008 Captive Audience Display Solutions plc successfully listed on the Plus Market in London on 4th July. The
stated strategy is to rapidly expand the core business overseas into the Middle East and the United States which is
progressing satisfactorily.
However, Executive Chairman, Mr. Liam McGrattan at the recent AGM said "moving forward, it is the intention of the board
of Directors of Captive Audience Display Solutions to develop its business activities into a significant
media/petroleum/technology conglomerate through organic growth and acquisition".
Today, arising from an opportunity that presented itself, the company announces that it has signed a non-binding Heads
of Agreement with a strategic partner for a petroleum exploration project in the U.S. The Heads of Agreement does not
impose substantial financial commitments on the company at this time. Furthermore, the extent of any future commitments
will depend on successful acquisition of the licenses and the results of any subsequent sampling and exploration
programme. 'This is a very exciting opportunity and has the potential to add significantly to shareholder value" said
Mr. McGrattan.
The company is now commencing on detailed due diligence and legal review of the opportunity and will provide an update
of progress in due course.
The directors of the issuer accept responsibility for this announcement.
For further information on Captive Audience Display Solutions please contact,
Liam McGrattan / Brian McDonnell, Captive Audience Display Solutions plc,
T: 01-8230510 M: 087 2745427 / 087 238 3419
Captive Audience Display Solutions plc
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