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11 Aug 2008 07:00
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Press ReleaseΒ |
11Β August 2008 |
Interactive Prospect Targeting Holdings Plc
("IPT"Β or "the Company")
Trading Update
Interactive Prospect Targeting Holdings PlcΒ (AIM:IPH)Β today announces a trading update.Β Β As a result of the Company's ongoing strategic review,Β overseen by the newly appointed Executive Chairman Nicholas Ward, the Board believes that theΒ UKΒ operationsΒ are performingΒ significantlyΒ belowΒ management'sΒ budgets. IPT'sΒ FrenchΒ operationsΒ are performingΒ in line with management's budgets.
As part of this reviewΒ the BoardΒ is exploring all options forΒ itsΒ UKΒ business, which include the possible sale of some ofΒ itsΒ divisions. The CompanyΒ isΒ alsoΒ currently in discussionsΒ with its bankΒ regarding itsΒ funding requirements.Β Β IPTΒ will give a full update inΒ the Interim ResultsΒ statementΒ dueΒ in SeptemberΒ 2008.
-Ends-
For further information:
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IPTΒ Holdings plc |
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Nicholas Ward, Executive Chairman |
Tel: +44 (0) 20 7932 4912 |
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Canaccord Adams |
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Eli Colby, Corporate Finance |
Tel: +44 (0) 20 7050 6770Β |
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eli.colby@canaccordadams.com |
www.canaccordadams.comΒ |
Media enquiries:
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Abchurch |
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Charlie Jack/Jack BallantyneΒ |
Tel: +44 (0) 20 7398 7700 |
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jack.ballantyne@abchurch-group.com |
www.abchurch-group.com |
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