Press Speculation

19 Jan 2006 13:40

Future Internet Technologies PLC19 January 2006 19 January 2006 Future Internet Technologies Plc The Board of Future Internet Technologies Plc ("FIT") has noted the pressspeculation concerning a further placing of new shares. The Board can confirmthat it is currently seeking to arrange a significant placing. The Boardexpects the placing to be priced at a narrow discount to the current price. FITis in advanced negotiations to effect an investment or investments to becompleted in conjunction with or shortly after the placing. These are in the 'voice over internet protocol' sector. A further announcement will be made indue course. For further information please contact: Richard Armstrong, Future Internet Technologies Tel: 020 7448 4726 Richard Oldworth, Richard Darby - Buchanan Communications Tel: 020 7466 5100 Stephen Goschalk, Insinger de Beaufort Tel: 020 7190 7000 This information is provided by RNS The company news service from the London Stock Exchange