Strategic Review
March 18 2010 - 3:00AM
UK Regulatory
TIDMTIME
RNS Number : 7629I
Timestrip PLC
18 March 2010
Timestrip plc
("Timestrip" or the "Company")
Strategic Review
Since the interim results announced last Autumn, the Company has continued to
make progress with contracts wins but remains constrained by lack of working
capital. Certain existing shareholders and new potential investors have been
approached to raise additional capital for the Company, but the level of
interest has not been sufficient to fund the business with any certainty for the
next twelve months. Accordingly, Timestrip has to consider all other strategic
options open to it which includes a possible sale of the business.
For more information please contact:
Timestrip plc
Jonathan Steinberg, Non-Executive Director
01462 440700
Paul Freedman, Joint CEO
Geoff Nash / Ed Frisby, FinnCap, NOMAD
020 7600 1658
This information is provided by RNS
The company news service from the London Stock Exchange
END
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