Corero Network Regulatory News (CNS)

18 Jan 2007 07:01

Mondas PLC18 January 2007 Mondas plc ("Mondas" or the "Company") Change of Name Mondas has been transformed during the past few years both by organic growth andthe acquisitions of Eclipse Learner Systems Limited and Blue Curve Limited,which have resulted in a number of Board changes and significant restructuringof the trading operations of the Company. The Company's expanded product rangehas enabled Mondas to make significant international sales to growing marketswithin the financial services sector. This growth has seen the Company's turnover increase from £3.97 million for theyear ended 30 April 2004 to approximately £6.3 million (unaudited) for the yearended 31 December 2006. The above developments have altered the business considerably and the Boardbelieves that to recognise these changes and to reposition the Company for thenext phase of its development the name of the Company should be changed.Accordingly, the Board proposes that the name of the Company be changed tocorero plc. In order to action the change of name a special resolution must be passed at ageneral meeting of the Company and accordingly an Extraordinary General Meetingwill be convened to be held in February 2007, details of which will be postedshortly. Jarlath McGee (Chief Executive) commented: "The Company has made great strides over the last couple of years. We haveextended our business both in terms of what we offer our customers and ourwidened geographical reach beyond the UK. We see the name change as a positivestep for the future." 18 January 2007 ENQUIRIES:Mondas plcJarlath McGee/Ian Selby Tel: 020 7392 1300 John East & Partners LimitedSimon Clements Tel: 020 7628 2200 College HillMatthew Smallwood/Jamie Ramsay Tel: 020 7457 2020 This information is provided by RNS The company news service from the London Stock Exchange