Strategic Review

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

 

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