Business
Update on funding
Update on funding.
About this update from Uk Oil & Gas Plc
[{"type":"text","content":"\n Sarantel Group PLC\n18 May 2007\n\n\n\n18 May 2007\n\nSarantel Group PLC\n('Sarantel' or the 'Company')\n\n\nUpdate on funding\n\nThe Board of Sarantel is pleased to announce that further to its announcement of\n3 May that it is seeking further funds, its principal shareholders, Foresight\nVenture Partners and MTI Partners, have confirmed their support. Discussions are\nprogressing on an equity fundraising to meet ongoing working capital needs.\n\nA further announcement will be made in due course.\n\n\nFor further information please contact:\n\nSarantel Group PLC\nGeoff Shingles, Chairman Tel: 01933 670 560\nDavid Wither, Chief Executive\n\nCollege Hill\nCarl Franklin / Ben Way Tel: 020 7457 2020\n\nAmbrian Partners\nTim Goodman Tel: 020 7776 6421\n\n\n\nAbout Sarantel\n\nSarantel is a leader in the design of high-performance miniature antennas for\nportable wireless applications including hand-held navigation, satellite radio\nand laptop computers.\n\nSarantel's revolutionary ceramic filtering antennas offer dramatically improved\nperformance over existing antenna designs, resulting in a clearer signal, better\nrange and a 90 per cent reduction in the amount of signal radiation absorbed by\nthe body.\n\nBecause of their smaller size and higher capabilities, Sarantel's antennas\nenable manufacturers to create innovative high-volume consumer products\nincorporating technologies such as GPS, Wi-Fi, WiMax, 3G, GPRS, Satellite Radio\nand Bluetooth.\n\nMore information about the company is available at www.sarantel.com\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":1803,"tagName":"div"}]