DawMed Systems PLC
15 December 2006
For Immediate Release 15 December 2006
Dawmed Systems Plc
Dawmed Systems Plc's operating subsidiary company, Dawmed International Limited
('the Company'), has issued legal proceedings against a trade debtor, who
supplies ancillary products direct to a portion of the Company's customer base,
for the recovery of unpaid invoiced commission owed to it totalling some
£146,000 and for specific performance of the debtor's obligation under the
established contract to inform the Company of all subsequent commissions earned
to enable the Company to raise the appropriate further invoices, some of which
are attributable to the year ended 30 September 2006.
The Company has been advised by Counsel that, on the information available at
present, its prospects of success are sufficiently good to warrant an
application for summary judgement. Accordingly, Dawmed Systems Plc will delay
the publication of its audited accounts for the year ended 30 September 2006
until such time as this action has been resolved, or its outcome has become
sufficiently clear.
In other respects the Directors are happy to report that the overall performance
is in line with their expectations as anticipated in the Chairman's Statement in
the 2006 Interim Report and Accounts.
Enquiries: Kevin Gilmore
Chairman
DawMed Systems plc 01789 740010
Roland Cornish
Chairman
Beaumont Cornish Limited 020 7628 3396
This information is provided by RNS
The company news service from the London Stock Exchange
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