For immediate release
27 February 2007
Mondas Plc
("Mondas" or the "Company")
Result of EGM
In announcements on 18 January 2007 and 2 February 2007, the Company informed
shareholders that Mondas has been transformed during the past few years both by
organic growth and the acquisitions of Eclipse Learner Systems Limited and Blue
Curve Limited, resulting in a number of board changes and significant
restructuring of the trading operations of the Company. In addition, the
Company's expanded product range has enabled Mondas to make significant
international sales to growing markets within the financial services sector.
This growth has seen the Company's turnover increase from £3.97 million for the
year ended 30 April 2004 to approximately £6.3 million (unaudited) for the year
ended 31 December 2006. The above developments have altered the business
considerably and the board of directors believed that to recognise these
changes and to reposition the Company for the next phase of its development the
name of the Company should be changed.
Accordingly, the directors are pleased to announce that at the Extraordinary
General Meeting held earlier today, the resolution to approve the change of
name of the Company from Mondas to Corero plc (Ticker: CORO) was duly passed.
ENQUIRIES:
Mondas plc
Jarlath McGee/Ian Selby Tel:0207 392 1300
John East & Partners Limited
Simon Clements Tel: 020 7628 2200
College Hill
Matthew Smallwood/Jamie Ramsay Tel: 020 7457 2020