Take Care - RNS - 25/09/20091 Oct 2009 10:24
Marc Maes, Nipson's Chairman commented: "The positive result comes essentially
from the waiver of loans by Creacorp. This result does not reflect the
underlying operational result. The turnaround process shows some positive
elements, but the Group still faces operational losses and severe cash
pressures, which along with the unpredictable sales continue to make its
continuity uncertain. In addition, the Board of Nipson is holding negotiations
with Roseman, Polar and Creacorp in order to come to long term solutions for the
outstanding loans and open issues and to avoid an insolvency situation.