Powerhouse Ener Regulatory News (PHE)

27 Feb 2006 15:34

For Immediate Release 27th February, 2006 BIDTIMES PLC ("Bidtimes" or the "Company") Disposal of Freehold Investment Property The Company announces that on 24th February it completed the sale of one of itssix Freehold Investment Properties known as 93 Burnthill Lane, Rugeley ("TheProperty") at a disposal price of ‚£188,000 paid in cash.The Property was sold at a loss on disposal (before disposal costs) of ‚£4,500to the carrying cost stated in the latest interim results for the six monthsended 31st August 2005 announced on 8th November 2005.The net sales proceeds, after costs, from disposal of The Property have beendeposited in full against the current mortgage used to finance the originalacquisition of the properties.Enquiries: James Brinton 01562 701605 David Worlidge/Simon Clements 020 7628 2200 John East & Partners Limited ENDBIDTIMES PLC