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Change of Adviser

23rd Oct 2008 07:00

RNS Number : 4934G
Immersion Technologies Intl PLC
23 October 2008
 



23 October  2008

Immersion Technologies International plc

("Immersion" or "Company")

Appointment of Nomad

Immersion is pleased to announce that Beaumont Cornish Limited has been appointed Nomad with immediate effect.

Update on Operations

In line with current market conditions and the fact that the Company is not currently achieving forecasted sales from the Nakamitchi contract, the Company has significantly reduced its cost structure with the closure of the Singapore sales office, China manufacturing facility and streamlined headcount at its Melbourne R&D centre. Immersion will keep a prototype facility in China to service its client's prototype and pre-production samples.

However, the Company continues to advance its sales and marketing strategy by displaying its products at trade shows. Immersion participated at the IFA show in Berlin in September and last week was in Seoul at the Korea Electronics Show where it is displaying its latest electrostatic panels and low frequency conventional-cone technology for use with flat panel TV's.

-Ends-

For further enquiries:

Immersion Technologies International plc

 

David Lenigas/Kiran Morzaria

+44 207 016 5100

 

 

Pelham Public Relations

 

Archie Berens

+44 (0) 20 7743 6679 / +44 (0) 7802 442 486

 

 

St. Helens Capital plc - Nominated Broker

 

Ruari McGirr

+44 (0) 20 7628 5582

 

 

Beaumont Cornish Limited - Nominated Adviser 

 

Roland Cornish

+44 (0) 20 7628 3396 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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