Vela Technologies plc
("Vela Technologies"or "the Company")
Board Changes
Vela Technologies has received notification from Adrian Moss of his decision to
step down as a Non-Executive Director of the Company with immediate effect.
The Board wishes to thank Adrian for his contributions to the Company and in
particular the assistance he gave to the smooth transition to new management
after the change in control following the recent refinancing transaction.
--ENDS--
FOR FURTHER INFORMATION, PLEASE CONTACT
Vela Technologies plc
Brent Fitzpatrick Email: brent@lowwave.co.uk
Non-Executive Director
ZAI Corporate Finance Limited
John Depasquale /John Treacy/ Tel: 020 7060 2220
Steven Feng
Peterhouse Corporate Finance
Limited
Eran Zucker Tel: 020 7469 0932
Vela Technologies plc is a UK incorporated investment Company looking to
acquire and consolidate holdings in Small and Medium sized Enterprises (SME's)
which are active in the development of emergent technologies, hi-tech
engineering and scientific advances to expedite company growth and expansion.
As a result of the recent global financial crisis, and the ongoing period of
financial austerity, companies have become increasingly reliant on such
advances to improve profitability or efficiency. These technologies are
applicable across a wide range of sectors including anything from Oil & Gas E&
P, eCommerce to Aviation. Early acquisition of such innovative technologies
should provide the opportunity to optimise returns for Shareholders.