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7 Aug 2007 12:03
CORSIE GROUP PLC ("Corsie" or the "Company") CORPORATE UPDATE
The Board of Corsie Group plc, the AIM listed specialist in the assembly and sale of products and services to the leisure market, provides shareholders today with a short update pertaining to the Company's website and two historical leases.
In line with AIM Rule 26, the Company announces that it has now launched a fully comprehensive Investor Relations section to its website. Visitors can access the site at www.corsiegroup.com
Furthermore, an agreement has been reached on two historical leasehold premises previously occupied by the Company. A formal deed of surrender has been concluded on each of 15 Melbourne Court, Derby; and 9 Newhailes Industrial Estate, Musselburgh; resulting in a ‚£328,000 (non cash) one off gain, which will improve the balance sheet in this financial year.
The Board continues to work on a number of opportunities to execute its focused distribution strategy and to maximise the capacity of the Company's new facility in Haddington.
Commenting, Richard Corsie, CEO, said: "It is pleasing to enhance the Company's balance sheet on the back of these two leaseholds. Separately, the Company has been highly active since it floated on AIM last year; and current and potential shareholders can continue to follow the progress made via the newly formed IR pages on our site. The Board looks forward to updating all shareholders with further progress in due course, and expects to publish its interim results for the six months to 30 June 2007 on 31 August 2007."
Enquiries:
Corsie Group plc Tel: 01620 828940
Richard Corsie MBE, Chief Executive
www.corsiegroup.com
City Financial Associates Limited Tel: 020 7090 7800
James Caithie
Bishopsgate Communications Ltd Tel: 020 7562 3350
Dominic Barretto
Jenni Herbert
CORSIE GROUP PLC
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