23rd Apr 2008 07:01
Regenersis PLC23 April 2008 23 April 2008 Regenersis plc ("Regenersis" or the "Company") Regenersis Formally Opens New Romanian Facility with Visit from UK Trade Minister, Lord Digby Jones On a trade mission to Romania, the Minister for Trade and Investment at theForeign and Commonwealth Office and at the Department for Business, Enterprise &Regulatory Reform, Lord Digby Jones has formally opened the new Regenersisfacility in Bucharest, Romania. Regenersis has recently won significant business from TomTom, the world'slargest navigation solutions provider; and Sony Ericsson, the global provider ofmobile multimedia devices. The facility currently provides end-of-life mobilephone reuse and recycling solutions to Vodafone Romania. It is anticipated that by December 2008, the new Regenersis facility will employover 200 members of staff providing repair and refurbishment capabilities. Thefacility will have the capacity to handle over 30,000 products a month. Lord Digby Jones said, "This facility is an excellent example of a technologycompany utilising the strong skill base and low cost operational facilities inRomania to deliver improved value to a pan-European customer base." Gary Stokes, CEO of Regenersis commented, "We are delighted that Lord Jonescould open our facility and see first-hand how we manage the complete lifecycleof fast moving, technology rich, consumer products in partnership with theworld's leading brands." For further information please contact: Regenersis plc 07789 435 100 Sarah Bond KBC Peel Hunt Ltd (Nominated Advisor and Broker) 020 7418 8900 Jonathan Marren / Oliver Stratton Financial Dynamics 020 7831 3113 Matt Dixon About Regenersis Regenersis is a leading provider of managed services to many of the world'spremier brands. The company supports the entire product lifecycle, from originaldesign input, pre-sales testing, local customization and configuration throughto field support activities that include technical assistance as well as productrepair, replacement and refurbishment programmes. At the end of the product's life the Company will take it back and, whereappropriate, match it to a need in a secondary market, thereby extending thelife of the product while creating value for our clients. If it is beyond use,Regenersis ensures it is safely recycled. In six months ending 31 December 2007, Group revenue increased by 42% to £55.0mand headline profit increased to £2.8m. About Digby, Lord Jones of Birmingham Digby, Lord Jones of Birmingham was appointed Minister for Trade and Investmentat the Foreign and Commonwealth Office and at the Department for Business,Enterprise & Regulatory Reform on 29 June 2007. Digby served as Director-General of the Confederation of British Industry (CBI),the UK's 'Voice of Business', from 2000 to 2006, where he regularly visitedbusinesses in the UK and worldwide - taking their views back to those who makethe rules. During his appointment he took the British business message to 70different countries. He met on a regular basis political, business and mediafigures in the United Kingdom and around the world. From 2006-2007 he advised Deloitte, Jaguar, JCB, Barclays Capital and CSC. Inaddition he was a private adviser to HRH The Duke of York and was the UKGovernment's Skills Envoy. In 1998 Digby joined KPMG as vice chairman of Corporate Finance, acting as closeadviser to many public companies across the United Kingdom and in KPMG's globalmarkets. A law graduate from University College, London, after some time in the RoyalNavy he joined Birmingham law firm Edge and Ellison in 1978, making partner in1984, Deputy senior partner in 1990 and Senior Partner in 1995. He was involvedin most of the MBO and M&A activity in the West Midlands in the late 1980s andearly 1990s. Digby is a Fellow of University College London (2004); an Honorary Fellow ofCardiff University (2004); and an Honorary Doctor of the University of CentralEngland (2002), the University of Birmingham (2002), the University ofManchester, Institute of Science and Technology (2003), the University ofHertfordshire (2004), Middlesex University (2005), Sheffield Hallam University. -Ends- This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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