Tomco Energy Regulatory News (TOM)

13 Mar 2006 15:05

Netcentric Systems PLC13 March 2006 Netcentric Systems plc (the "Company") 13 March 2006 Notifiable Interest Netcentric Systems plc have been informed today that, on Friday 10 March 2006,Howard Crosby purchased 41,780,632 ordinary shares in the Company at a price of£0.00146 per ordinary share, representing 29.899 per cent. of the Company'scurrent issued share capital. Following this purchase, Howard Crosby holds41,780,632 ordinary shares in the Company, representing 29.899 per cent. of theCompany's issued share capital of 139,734,602 ordinary shares of 0.5p each. Mr. Crosby, 53, has over 30 years in the investment banking industry and hasfounded and managed over 15 publicly traded companies. His emphasis is on themining and natural resources sector. Early in his career he was the VicePresident of UNC Nuclear Industries, a division of United Nuclear Corporation,which at the time was extensively involved in uranium exploration and productionin the western United States. Currently he is also the Vice Chairman anddirector of Cadence Resources Corporation having previously been the Presidentof Cadence. Mr. Crosby was one of the original founders of Cadence resourcesand has been instrumental in growing the market capitalization of Cadence fromunder 1 million dollars to over 450 million dollars. Cadence is currentlylisted on the NASDAQ exchange. Mr. Crosby is also a director of White MountainTitanium as well as a director of High Plains Uranium. Both companies arelisted on the public exchanges in North America. Mr. Crosby is also a directorand driving force behind Platinum Diversified Mining Plc. Platinum DiversifiedMining Plc. is a Special Purpose Acquisition Company (SPAC) that was recentlyfunded and floated on the AIM market in London for $75,000,000. Platinum willbe making acquisitions in the mining and natural resources sectors throughoutthe world. For further information please contact: Netcentric G.M. Thompson, Director 07967 110 945 This information is provided by RNS The company news service from the London Stock Exchange