CTP.L Regulatory News (CTP)

2 Mar 2006 07:03

Redstone PLC02 March 2006 2 March 2006 Redstone plc ("Redstone" or the "Company") Preferred Bidder Status Redstone (LSE: RED.L) is pleased to announce that the Catalyst EducationConsortium comprising Redstone, Bovis Lend Lease and Capita has been confirmedas the preferred bidder for Lancashire County Council's Building Schools for theFuture programme ("BSF"). As part of the consortium, Redstone Converged Solutions will provide theintegrated IT, communications and e-learning infrastructure as part of theproject. The £250m Lancashire BSF project will be the largest single investment ever tobe made in Burnley and Pendle's education system. It is proposed that work onthe new facilities will begin in autumn this year with the schools opening theirdoors in September 2008. Building on the next phase of schools is scheduled tostart in 2007 with the implementation of Redstone's IT & Communications solutionexpected to commence in the second half of 2007, with the project expected tolast up to 3 years. Martin Balaam, CEO of Redstone commented, "I am delighted that Redstone isinvolved in this historic project, which demonstrates Redstone's ability todevelop innovative IT & Communications solutions and its ability to securesubstantial long term projects." ENQUIRIES: Redstone plc Tel. +44 (0) 845 200 2200Martin Balaam, Chief ExecutiveTim Perks, Chief Financial Officer ICIS Limited Tel. +44 (0) 20 7651 8688Tom Moriarty or +44 (0) 7769 937626Paul Youens This information is provided by RNS The company news service from the London Stock Exchange