Information  X 
Enter a valid email address

Kuju PLC (KUJ)


Monday 02 February, 2004

Kuju PLC

Contract Update

Kuju PLC
02 February 2004

Kuju plc ("Kuju" or "the Company")

Contract update

The Company previously announced, in the interim results on 24 December 2003,
that they were in discussions with a publisher regarding early termination of
one of their contracts.

Kuju now announces that, on 29 January 2004, they received written confirmation
that THQ Inc. (NASDAQ: THQI) were, with immediate effect, terminating their
agreement with Kuju for the development project announced in November 2003.
Pursuant to the agreement, Kuju will receive a significant termination payment.

The Company continues to move towards a strategy of operating an outsourcing
model that enables as much work as possible to be fulfilled by contract staff on
short notice. As a result of the termination payment and the successful move
towards the outsourcing model, the impact on trading for the current financial
year is limited.


Jonathan Newth, Managing Director
Ian Baverstock, Business Development Director                  01483 414 344
Kuju plc

Joe Philipsz                                                   0131 225 9677
Noble & Company Limited


                      This information is provided by RNS
            The company news service from the London Stock Exchange

a d v e r t i s e m e n t