Company Update
31 July 2007 - 1:27AM
UK Regulatory
RNS Number:0902B
Tecteon PLC
30 July 2007
Tecteon plc
("Tecteon") or ("the Company")
Announcement
30 July 2007
The Board of Tecteon announce that negotiations with Qstik and Clement Clarke
International referred to in Tecteon's interim results announced on 29 March
2007, have been terminated as the Board was not satisfied that relevant due
diligence information was being produced to Tecteon on a timely basis. The
Company is taking steps to recover the money that it believes is due to it from
Clement Clarke International.
Tecteon has commenced discussions with parties unconnected with Qstik and
Clement Clark International relating to potential investments by the Company in
a number of technology businesses with high quality management teams. These
negotiations are progressing satisfactorily but there is no guarantee that any
transactions will be consummated. The Board intends to recruit new management
which will utilise Tecteon's existing technology as well as new business in the
future development of the Company.
For further information please contact:
Tecteon PLC
Masoud Alikhani - Director Tel: 020 7408 1181
Seymour Pierce Limited
Jonathan Wright Tel.020 7107 8000
Editors' Note
About Tecteon PLC
Established in mid 2001, with its head office in London, UK, Tecteon PLC
develops and markets voice enhancement software technologies and algorithms
running on a range of DSP platforms. Tecteon technologies provide voice quality,
comfort listening and hearing protection in wired and wireless voice
communication systems, ranging from peripheral devices to telecom infrastructure
equipment, examples include: Headsets (call centre, personal, police, pilots,
military, fire-fighters), telephony (business, SMEs, residential), switches
(PSTN, soft-switches, gateways), digital mobile radios, mobile phones,
hands-free kits and AV conferencing units.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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