MTRK Marinetrack

 

TIDMMTRK 
 
RNS Number : 0108M 
Marinetrack Holdings PLC 
21 January 2009 
 

 
 
 
 
 
 
 
 
21 January 2009 
 
 
MarineTrack Holdings Plc ("MarineTrack" or the "Company") 
 
 
Statement regarding suspension 
 
 
On 16 January 2009, MarineTrack announced that its trading environment has 
become even more challenging with sales further impacted by the worldwide 
economic downturn, and it needed to secure additional financing if it was to 
continue trading beyond the end of this month. 
 
 
Since then, the Company has held discussions with its key suppliers and 
financiers with a view to securing the short term position of the Company. While 
there remains interest in supporting the Company, the board of MarineTrack does 
not believe that it will be able to raise the necessary additional finance 
within a short timeframe. 
 
 
Accordingly, given the uncertainty as to its ability to continue trading, the 
Company has requested a suspension of trading in its shares on AIM pending 
clarification of its financial position. 
 
 
Enquiries: 
 
 
Duncan Lipscombe, Director 
MarineTrack Holdings Plc 
Tel: 07775 681648 
www.marinetrackholdingsplc.co.uk 
 
 
Philip Secrett / Colin Aaronson 
Grant Thornton UK LLP (Nominated Adviser) 
Tel: 020 7383 5100 
 
 
About the Company 
 
 
MarineTrack Holdings plc's primary operating business is MarineTrack Ltd. 
 
 
 MarineTrack Ltd is a telematics business supplying tracking, alert, 
alarm, monitoring and messaging solutions mainly to the commercial and 
recreational maritime markets. 
 
 These solutions, which integrate hardware 
and software, utilise global positioning systems ("GPS") to identify the 
location and movements of marine vessels, as well as monitoring their 
operational status against pre-determined parameters. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSILFSLLEILFIA 
 

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