Forbidden Technologies PLC
15 May 2000
FORBIDDEN TECHNOLOGIES PLC
EGM STATEMENT
Forbidden Technologies plc, which develops technology for video
distribution over the internet, announces the result of the
Extraordinary General Meeting.
At the EGM of the Company held today, the resolutions to approve
a 5 for 1 split of the Company's ordinary share capital and for
the Directors to allot up to 5% of the Company's issued share
capital for cash, free of the statutory pre-emption rights were
duly passed. KPMG Audit plc were appointed auditors.
The Chairman, Vic Steel, made the following comments at the EGM:
'I am pleased to confirm that our development programme is on
schedule. The team continues to make daily improvements to the
video compression technology.
'We invited shareholders to participate in our forthcoming
development trials and the response has been excellent. We
intend to test the technology on a variety of computers, in three
stages, commencing in June. Initial participating shareholders
are being selected to give the widest possible variety and these
will be contacted before trials begin. Other volunteers will be
added as the trial is expanded.
'The first stage will be to transmit test data to identify the
range of internet access speeds and computer speeds.
'The second stage will be the transmission of selected video to a
handful of users to test video transmission and playback over the
internet.
'The third stage will be to widen video testing across a broader
base.
'The work on audio compression, although at an earlier stage than
the video, is progressing well and trials will follow a similar
pattern to that of the video.
'Forbidden is still on target for a first trial product by the
end of this year.'
Following the five for one share split, dealings will commence in
the new denomination shares at 8.00am tomorrow 16th May, 2000.
15th May 2000
For further information contact:
College Hill Associates
Michael Padley / Nicholas Nelson 020-7457 2020
Copies of this statement will be available for a period of 14
days from the Company's registered office :2-4 St.George's Road,
Wimbledon, London SW19 4DP
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