HIG Hertford

 

TIDMHIG 
 
RNS Number : 8870I 
Hertford International Group PLC 
19 March 2010 
 

19 March 2010 
                        Hertford International Group PLC 
                          ("Hertford" or "the Company") 
                                    Disposal 
 
Hertford International Group Plc ("Hertford ") wishes to announce that it has 
entered into an agreement to dispose of 55% of its wholly owned subsidiary 
Crewcall Network Limited, which comprises Talk2World, to Crewcall Telecoms 
Limited for a nominal sum. 
 
Talk2World is a low-cost international calling solution which was developed by 
Hertford in Crewcall Network Limited and which was in the process of being 
rolled-out in the last quarter of 2009.  Following the disposal, Crewcall 
Telecoms Limited has agreed to continue to operate the product and look at ways 
in which it can be properly marketed to realise its full potential.  All of the 
operating costs of Talk2World will be borne by Crewcall Telecoms Limited 
pursuant to this agreement.  The Directors believe that this transaction is in 
the best interests of shareholders as it protects Hertofrd's investment in the 
Talk2World product and allows Hertford to continue to derive revenue from a 
product without sharing any of the operational support. 
 
For further information please contact: 
Hertford International Group Plc 
Alex Lubin/Paul Seakens                          Tel: +44 (0) 20 3178 4440 
 
Arbuthnot Securities Ltd 
Nick Tulloch                                               Tel: +44 (0) 207 012 
2000 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 DISMMGMFKLRGGZM 
 

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