Business
Sale of Southern Africa Trademarks
Sale of Southern Africa Trademarks.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n \nEmbargoed Release: 07:00hrs Monday 7 July 2008\n\n International Brand Licensing plc \n\n (\"IBL\" or the \"Company\") \n\n Sale of Admiral Trademarks in Southern Africa \n\nInternational Brand Licensing plc today announces the sale of its Admiral\nsportswear trademarks in southern Africa to Admiral IP Limited (\"AIP\"), a BVI\nregistered investment company, for a cash consideration of £225,000.\n\nTony Hutchinson, IBL Chief Executive, commented:\n\n\"This transaction represents a further strengthening of the Company's balance\nsheet in liquidating largely unproductive assets in return for cash. Whilst we\nwill continue to maximise our licensing revenues from opening and building the\nmore lucrative markets for our brands, we will also seek to exploit further\nopportunities to dispose of territories that are unlikely to enhance\nshareholder value in the future.\"\n\n -Ends- \n\nFor further information please contact:\n\nTony Hutchinson + 0041 794 689450\n\nAdam Reynolds 0207 245 1100\n\n\n \n ","length":1253,"tagName":"div"}]