27th Jul 2007 07:01
SerVision plc27 July 2007 SerVision Plc Issue of Equity SerVision Plc, the AIM listed leading developer and manufacturer of digitalsecurity systems, is pleased to announce that it has completed a Placing of 1,716,667 New Ordinary Shares at 30p per share, raising £515,000 gross. In addition an overseas private investor has subscribed for 166,666 New Ordinary Shares at 30p per share raising approx. 100,000$US. The total proceeds will be used for general working capital purposes. Application has been made for a total of 1.883,333 New Ordinary Shares,whichwill rank pari passu with all existing Ordinary Shares, to be admitted totrading on AIM and it is expected that such admission will be effective as of 8a.m. on Thursday 2 August 2007. Further enquiries: SerVision plc +972 2535 0015Eitan Yanuv, Finance Director HB Corporate 020 7510 8598Jim McGeever Threadneedle Communications 020 7936 9605Graham Herring/Josh Royston About SerVision SerVision Ltd. is a leading producer of remote video surveillance products usingdependable, digital wireless video technologies. Its world class R&D team, withtheir combined experience of over 50 years in the video compression and wirelesscommunications industry, has developed the world's first completely integratedwireless video monitoring platforms. SerVision's products are advanced and fullyintegrated video monitoring systems that use highly sophisticated videoprocessing and encryption with state-of-the-art cellular/wireless communication.SerVision's products are compact DVR / video gateways that combine securityfunctionality with the highest level of video streaming performance in a compactstand-alone unit. They bring to the market a ready and easy-to-use remote videomonitoring platform. With a worldwide business development team, SerVision istargeting the SOHO, medium and large sized enterprises, remote site andinstitutional monitoring markets. Established in 2000, SerVision has R&Dfacilities in Israel, and offices in USA, Europe as well as in Mexico. Itpartners with distributors and integrators around the world. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Servision PLC