Braveheart Sells Im-Sense Investment For GBP0.3M, Sees More Disposals

LONDON (Dow Jones)--Braveheart Investment Group PLC (BRH.LN), a technology commercialization and investment management company, Friday announces that it has realized its investment in one of its portfolio companies, Im-Sense Ltd, as a result of the acquisition of that company by an undisclosed trade buyer for a cash consideration. MAIN FACTS: -Braveheart acquired its minority shareholding in Im-Sense, an image signal processing technology spin-out from the University of East Anglia, in June 2008 for a cost of GBP150,000 and will receive a cash consideration from the disposal of its investment of GBP342,000. -The sale proceeds will be reinvested in new opportunities or used for working capital purposes. -A number of Braveheart's investment clients also realized their shareholding in Im-Sense on the same terms. -After three years, portfolio is maturing in line with expectations -There are more and better exits to come -Expects that subject to the market being receptive, will be realizing a number of investments over the next two years. -Shares closed Thursday at 22.0 pence. By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires July 16, 2010 02:37 ET (06:37 GMT)