Statement re London Gazette A

RNS Number : 2508U

Brainspark PLC

12 October 2010

 



12 October 2010

Brainspark plc

("Brainspark or the "Company")

Statement Regarding London Gazette Advertisement

The Directors of Brainspark have noted the advertisement in the London Gazette on 8 October 2010 in relation to the hearing of a petition to wind up Brainspark on 20 October.

The Directors of Brainspark are in discussions with the creditor concerned, a former business partner of Brainspark's Chief Executive Officer for almost 20 years and are confident of reaching an agreement satisfactory to all parties before the hearing date. The Company currently has assets which exceed by over 20 times the amount of the claim.

A further announcement will be made in due course.

-ends-

For further information please contact:

Brainspark plc	[phone]
Francesco Gardin, Chairman
Arbuthnot Securities	[phone]
Antonio Bossi
Leander PR	[phone]
Christian Taylor-Wilkinson

 

END

 

 

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