Disposal of part of trade in

RNS Number : 6585Y

Crimson Tide PLC

08 September 2009

 



Crimson Tide Plc (the 'Company')

(A leading service provider of mobility solutions for business)

Disposal of part of trade in Ireland

8 September 2009

Crimson Tide plc is pleased to announce that it has disposed of its Time & Attendance business in Ireland to Harken Time Solutions Limited, trading as 'Timeworks' for a maximum cash consideration of €105,000, depending on renewals of support contracts over the coming year. The consideration will be used for working capital purposes. 

Barrie Whipp, Chairman of Crimson Tide plc, commented:

'In order to focus on our exciting opportunities in mobile data solutions, we have decided to dispose of our Time & Attendance activities in Ireland. Timeworks has been known to us for many years and the disposal represents an ideal opportunity to ensure a smooth transition for our Time & Attendance customers.'

Enquiries:

Crimson Tide Plc Barrie Whipp, Executive Chairman	01892 542 444
W.H. Ireland Limited Tim Cofman/Katy Birkin	0121 265 6330

 

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