Trakm8 Holdings PLC
28 November 2006
For immediate release 28 November 2006
TRAKM8 HOLDINGS PLC
("Trakm8" or "the Group")
ACQUISITION OF INTERACTIVE PROJECTS LIMITED
- ADDITIONAL LISTING
Trakm8 Holdings Plc (Trakm8), the AIM listed designer and developer of GPRS
based hardware and software for the vehicle tracking and security market,
announces that, in relation to the acquisition of Interactive Projects Limited
("IPL"), announced on 9 May 2006, application has been made for the admission to
trading on AIM of 446,423 new ordinary shares of 1p each in the Company (the
"Shares"), comprising the equity element of the consideration due to the vendors
of IPL. The consideration for the acquisition of IPL was £100,000 in cash plus
the issue of the Shares.
The acquisition secured protection for the core intellectual property used by
the Group. IPL had developed a range of machine-to-machine applications based on
a hardware platform currently deployed by the Group. These applications offer
current and potential future revenue opportunities for the Group to exploit. IPL
also has a range of Radio Frequency Identification (RFID) products in its
portfolio which the Group is looking to develop and extend.
The Shares rank pari passu with the Company's existing issued ordinary shares
and dealings are expected to commence on 1 December 2006. Following admission of
the Shares, the Company will have 11,472,423 ordinary shares in issue.
- ends -
For further information please contact:
Trakm8 Holdings plc
Cary Knapton, Chief Executive Officer or
Tim Couling, Finance Director
01747 858 444
Tavistock Communications
Simon Hudson
Vicky Watkins
020 7920 3150
About Trakm8
Trakm8, based in Shaftesbury, Dorset is the leading technology provider,
designer and developer of GPRS based hardware and software to the vehicle
tracking and security market. The Company distributes its hardware and software
worldwide through a network of distributors. In addition the Company provides
ASP vehicle monitoring and tracking services direct to the B2B market. Trakm8's
products allow vehicles and drivers to be monitored, allowing organisations to
manage deliveries and services, or track stolen vehicles down to 5 metres.
This information is provided by RNS
The company news service from the London Stock Exchange
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