Placing of Shares

18 Dec 2006 16:09

Forbidden Technologies PLC18 December 2006 18 December 2006 Forbidden Technologies plc Placing of shares to independent distributor Forbidden Technologies plc ("Forbidden", AIM: FBT), announces the issue of500,000 new ordinary shares in Forbidden at a placing price of 15p per share toMr. Sherwin Lim. Mr. Lim is a founder of Formidable Technologies Inc. adistributor of Forbidden's products based in Canada. The placing raises £75,000for Forbidden, which will contribute to the expansion of its FORscene platformin broadcast post production and citizen journalism. Application is being madefor these shares to be admitted to trading on AIM and it is expected thatdealings will commence on 22 December 2006. Stephen Streater, Chief Executive of Forbidden Technologies, commented: "Canada's vast geographical scale plays to FORscene's strengths as a web-basedplatform supporting remote video editing and review. We are delighted thatSherwin Lim, a founder of Formidable, has further demonstrated his commitment toFORscene through this investment." Enquiries: Forbidden Technologies plc 020 8879 7245 Stephen Streater, Chief Executive Greg Hirst, Business Development Director College Hill 020 7457 2020 Corinna Dorward/Adrian Duffield This information is provided by RNS The company news service from the London Stock Exchange