Company Update

30 Jul 2007 11:25

Tecteon PLC30 July 2007 Tecteon plc ("Tecteon") or ("the Company") Announcement 30 July 2007 The Board of Tecteon announce that negotiations with Qstik and Clement ClarkeInternational referred to in Tecteon's interim results announced on 29 March2007, have been terminated as the Board was not satisfied that relevant duediligence information was being produced to Tecteon on a timely basis. TheCompany is taking steps to recover the money that it believes is due to it fromClement Clarke International. Tecteon has commenced discussions with parties unconnected with Qstik andClement Clark International relating to potential investments by the Company ina number of technology businesses with high quality management teams. Thesenegotiations are progressing satisfactorily but there is no guarantee that anytransactions will be consummated. The Board intends to recruit new managementwhich will utilise Tecteon's existing technology as well as new business in thefuture development of the Company. For further information please contact:Tecteon PLCMasoud Alikhani - Director Tel: 020 7408 1181 Seymour Pierce LimitedJonathan Wright Tel.020 7107 8000 Editors' Note About Tecteon PLC Established in mid 2001, with its head office in London, UK, Tecteon PLCdevelops and markets voice enhancement software technologies and algorithmsrunning on a range of DSP platforms. Tecteon technologies provide voice quality,comfort listening and hearing protection in wired and wireless voicecommunication systems, ranging from peripheral devices to telecom infrastructureequipment, examples include: Headsets (call centre, personal, police, pilots,military, fire-fighters), telephony (business, SMEs, residential), switches(PSTN, soft-switches, gateways), digital mobile radios, mobile phones,hands-free kits and AV conferencing units. This information is provided by RNS The company news service from the London Stock Exchange