Newmark Security PLC
08 July 2004
Newmark Security plc
('Newmark Security' or the 'Company')
Completion of Acquisition
Further to the announcement on 30 June 2004, Newmark Security is pleased to
announce the completion of the acquisition of Custom Micro Products Limited
('CMP'). Following completion of equity placings to raise £1.7 million for the
Company, the acquisition of CMP by the Company's subsidiary, Newmark Group
Limited, has now become wholly unconditional.
CMP was established in the early 1980's to exploit the market potential for
microprocessor-based products. CMP's products are divided into the following
core ranges: time and attendance systems, access control products, shop floor
data collection terminals, smart card applications, network connectivity
products and biometric readers. CMP recorded turnover of approx £3.35 million
and pre-tax profits of £500,000 for the year ended 31 January 2004.
Enquiries:
Maurice Dwek/Brian Beecraft, Newmark Security plc Tel: 020 7355 0070
Jeremy Porter, Seymour Pierce Ltd Tel: 020 7107 8000
This information is provided by RNS
The company news service from the London Stock Exchange
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