14 Oct 2009 07:00
14 October 2009
Earthport plc
("Earthport") or ("the Company")
Strategic Review
On 30 June 2009, Earthport announced that it had moved into a period of advanced execution following successful developments in several areas, and that Zeus Capital had been appointed to assist the Company in reviewing and evaluating a number of strategic options available to them with the objective of optimising shareholder value.
Since that time the Board has held discussions with a number of prominent organisations and global corporate entities. Some of these discussions have resulted in new business developments whilst others have advanced existing business relationships and enabled the organisations concerned to receive a better insight into the long term strategy and potential of Earthport. As well as raising Earthport's profile with third parties, ongoing discussions range from franchising opportunities to new strategic channels to market.
None of the ongoing discussions relate to an offer being made for the Company and, accordingly, the Company is no longer in an offer period as defined by the City Code on Takeovers and Mergers.
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For further details, please contact:
| Earthport plc | |
| James Bergman, CEO | 020 7220 9700 |
| Financial Dynamics | |
| Jonathan Brill / Alex Beagley | 020 7831 3113 |
| Panmure Gordon | |
| Dominic Morley | 020 7614 8388 |
| Zeus Capital | |
| Alex Clarkson | 0161 831 1512 |
About Earthport
Earthport (www.earthport.com) specialises in the international transactional marketplace by providing a highly secure, high volume global collection and payment capability. It has been making national and international payments and collections since 1998.
Earthport owns, provides and hosts an international money movement platform called the Universal Payments Network. Using this platform, Earthport makes secure, low cost international bank payments and collections worldwide.