CUS Customvis

 

TIDMCUS 
 
RNS Number : 3908K 
CustomVis plc 
19 April 2010 
 

                                                                   19 April 2010 
 
                                  CustomVis plc 
                         ("CustomVis" or "the Company") 
 
            Suspension of trading and appointment of administrators 
 
As stated in the interim results for the six month period ended 31 December 
2009, announced on 30 March 2010, low sales performance in the third quarter of 
the last financial year placed considerable pressure on the cashflow of the 
Company. It was also stated that the Directors were pursuing various options 
including the option of raising additional capital. 
 
The options the Directors were pursuing have not progressed sufficiently and the 
Company has been unable to raise additional funding for working capital 
purposes. Therefore, the Directors had no option but to place the Company's 
principal trading subsidiary, CLVR Pty Limited, into administration and to 
request that trading in the Company's shares on AIM be suspended with immediate 
effect. 
 
Further announcements will be made in due course. 
 
                                     -ends- 
 
For further information, please contact: 
 
+---------------------------------+---------------------------------+ 
| CustomVis plc                   |                                 | 
+---------------------------------+---------------------------------+ 
| Simon Carroll, Chairman         |                 +61 419 304 906 | 
| Paul van Saarloos, CEO          |                 +61 410 497 456 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Merchant John East Securities Limited                             | 
+-------------------------------------------------------------------+ 
| David Worlidge / Simon Clements |                   020 7628 2200 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Leander PR                      |                                 | 
+---------------------------------+---------------------------------+ 
| Christian Taylor-Wilkinson      |                   07795 168 157 | 
+---------------------------------+---------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 SRSZMGMDGLMGGZM 
 

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