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Strategic Review

18th Mar 2010 07:00

RNS Number : 7629I
Timestrip PLC
18 March 2010
 

Timestrip plc

("Timestrip" or the "Company")

 

Strategic Review

 

Since the interim results announced last Autumn, the Company has continued to make progress with contracts wins but remains constrained by lack of working capital. Certain existing shareholders and new potential investors have been approached to raise additional capital for the Company, but the level of interest has not been sufficient to fund the business with any certainty for the next twelve months. Accordingly, Timestrip has to consider all other strategic options open to it which includes a possible sale of the business.

 

 

 

For more information please contact:

 

Timestrip plc

 

Jonathan Steinberg, Non-Executive Director 01462 440700

Paul Freedman, Joint CEO

 

Geoff Nash / Ed Frisby, FinnCap, NOMAD 020 7600 1658

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