Business
Exceptional non-trading items
Exceptional non-trading items.
About this update from Advanced Medical Solutions Group Plc
[{"type":"text","content":"\n RNS Number : 4657Q Advanced Medical Solutions Grp PLC 09 April 2009 \n \n\n\n\n\nFor Immediate Release\n\n\n9 April 2009\n\n\n\n\n\n\n\nAdvanced Medical Solutions Group PLC \n('AMS' or the 'Company')\n\nExceptional non-trading item\n\nThe Board of AMS has been pursuing a growth strategy which involves both organic opportunities and targeted acquisitions. As announced at the time of the preliminary results in March 2009, the Company's organic growth and balance sheet was strong and the Board continues to pursue a number of exciting growth opportunities in both its Advanced Woundcare and Wound Closure and Sealants businesses.\n\nWith regards to acquisition opportunities, the Board has been pursuing an opportunity that had reached an advanced stage of discussions but which has now terminated. The costs relating to this aborted transaction are expected to be between £700,000 and £800,000, which will be reported as an exceptional cost in the current financial year.\n\n\nFor further information, please contact:\n\n\n\n\n\nAdvanced Medical Solutions Group plc\nDon Evans, Chief Executive Officer\nMary Tavener, Finance Director\nwww.admedsol.com\n\n\n\n\nTel: +44 (0) 16 0654 5508\n\n\n\n\nBuchanan Communications\nMark Court / Stasa Filiplic\n\n\n\nTel: +44 (0) 20 7466 5000\n\n\n\n\nInvestec Bank plc\nRichard Jones\nTim Pratelli\nDaniel Adams\n\n\nTel: +44 (0) 20 7597 5970 \n\n\n\n\n\nNotes to Editors:\n\nAdvanced Medical Solutions is a leading company in the development and manufacture of products for the $15 billion global woundcare market.\n\nFounded in 1991 and quoted on AIM, Advanced Medical Solutions is focused on the design, development and manufacture of innovative products for advanced woundcare and wound closure. \n\nThe advanced woundcare products are based on the moist wound healing principle. AMS uses its inhouse technology to provide a vertically integrated 'one stop shop' for all categories of moist wound healing products. The Company has the capability to move a product from design and development through to production and delivery for distribution and sale into customer markets.\n\nThe acquisition of a 49.4% stake in Corpura BV in May 2008 strengthened AMS's position in hydr...