Appointment of Administrator
12 8월 2010 - 11:14PM
UK Regulatory
TIDMCUS
RNS Number : 0070R
CustomVis plc
12 August 2010
12 August 2010
CUSTOMVIS PLC
("CustomVis" or the "Company" or the "Group")
Appointment of Administrator
Further to the announcement made on 1 July 2010, the Company announces that it
has appointed Nigel Hamilton-Smith and Michael William Young, both of FRP
Advisory LLP of 49 London Road, St Albans, Hertfordshire AL1 1LJ as Joint
Administrators to the Company.
The new Board had intended to relaunch the Company's products and re-engage
with its customers. However it has proved difficult for the Company to collect
its debts from customers in various jurisdictions throughout the world with many
customers withholding payment due to the Company. In addition, certain creditors
of the Company have issued proceedings against the Company to recover debts
owing and other creditors are threatening to do so.
Taking all of this into account the Directors therefore considered it was in the
best interests of the Company and its creditors to place the Company in
administration. Dealings in the Company's shares were suspended on 19 April 2010
and will continue to remain suspended. A further announcement will be made in
due course.
-ends-
ENQUIRIES:
+---------------------------------+---------------------------------+
| CustomVis plc | |
| John O'Hara, CEO | +64 9 444 7599 |
+---------------------------------+---------------------------------+
| | |
+---------------------------------+---------------------------------+
| Merchant Securities Limited | |
| David Worlidge | 020 7628 2200 |
+---------------------------------+---------------------------------+
| | |
+---------------------------------+---------------------------------+
| Leander PR | |
| Christian Taylor-Wilkinson | 07795 168 157 |
+---------------------------------+---------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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