Last checked at 12 Oct 2009 13:55
| 12 October 2009 | (AIM: AVI) |
Avisen plc
("Avisen" or the "Company")
Further re: intention to appoint administrator to subsidiary
Further to the announcement on 25 September 2009, the Company announces that N A Bennett and M C Healy of Leonard Curtis of One Great Cumberland Place, Marble Arch London W1H 7LW were appointed as administrators to Inca Technology International Limited ("Inca Technology") on 8 October 2009 under the Insolvency Act 1986.
The administrators are currently negotiating the sale of certain assets of Inca Technology and a further announcement will be made in due course. This process does not affect any other company within the Avisen group.
Louis Peacock, a director of Avisen, is also a director of Inca Technology.
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For further information, contact:
| Avisen plc | |
| Marcus Hanke (CEO) | Tel: +44 (0)870 880 2978 |
| Louis Peacock (Executive Director and Acting CFO) | Tel: +44 (0)7899 667533 |
| NOMAD and Broker: | |
| John East & Partners Limited, a subsidiary of Merchant Securities PLC | Tel: +44 (0)20 7628 2200 |
| Bidhi Bhoma | |
Notes to Editors:
Avisen
Avisen is a business and technology consultancy specialising in performance management with a focus on strategy creation, development and implementation. It provides advisory services and software distribution of solutions in the corporate performance management market. Avisen aims to provide specialist advice to enable organisations to build more effective capabilities to manage the performance of their businesses and allow them to achieve their desired targets.