rns4 Jan 2011 07:19
GoIndustry DoveBid PLC - GoIndustry-DoveBid PLC - Re-organisation of US group structure
RNS Number : 8216Y
GoIndustry-DoveBid PLC
04 January 2011
GoIndustry-DoveBid plc / Index: AIM / Epic: GOI / Sector: Support Services
GoIndustry-DoveBid plc (the "Group")
Re-organisation of US group structure
GoIndustry-DoveBid plc, the global provider of asset advisory, disposition and valuation services, announces that on 31 December it implemented a re-organisation of the group structure of its US operations in order, primarily, to enable all activities to be undertaken under the GoIndustry DoveBid brand and to facilitate various administrative processes.
Following the re-organisation, which involved a series of company mergers and transfers, all of the Group's US activities will be conducted by either GoIndustry USA, Inc. (which is being re-named GoIndustry DoveBid Inc.) or DoveBid Valuation Consultants, Inc. (which is being re-named GoIndustry DoveBid Valuations Inc.). GoIndustry Operations, Inc. and DoveBid, Inc., two US subsidiary companies, have ceased, or will in due course cease, to exist.
The re-organisation has no impact on the scope or scale of the Group's activities.
**ENDS**
Jack Reinelt GoIndustry-DoveBid plc Tel: 020 7098 3700
Leslie-Ann Reed GoIndustry-DoveBid plc Tel: 020 7098 3700
Chris Fielding WH Ireland Ltd
(Nominated Adviser) Tel: 020 7220 0470
Felicity Edwards St Brides Media & Finance Ltd Tel: 020 7236 1177
Notes to editors:
GoIndustry-DoveBid plc, which is quoted on the London Stock Exchange's AIM market (Epic: GOI), is a global market leader in the provision of asset management, auction and valuation services. The Company delivers innovative solutions that help to value assets accurately, optimise asset utilisation and reduce costs. The Company combines its asset, industry and market expertise with eCommerce technology to service the needs of multi-national manufacturing corporations, financial institutions, insolvency practitioners, used equipment dealers and asset based lenders around the world.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCDXLFBFFFEBBK
Alerts - from Hemscott, leading international provider of high quality business & financial data and investor relations services.
Hemscott Group Limited
Castle House,
37 - 45 Paul Street,
London, EC2A 4LS,
United Kingdom