FLS Flightstore

RNS Number:4895E
Flightstore Group PLC
26 September 2007


                                                         26 September 2007




                             Flightstore Group plc


  Acquisition by Flightstore Group plc ( in the course of changing its name to
VPhase plc)("VPhase" or "Company") of Energetix Voltage Control Limited ("EVC")
                        and admission to trading on AIM





VPhase is pleased to announce that it has joined AIM and has acquired the entire
issued share capital of EVC. EVC is engaged in the research and development of a
range of products designed to reduce energy consumption whilst at the same time
seeking to make use of existing proven components. EVC was founded on 29
September 2004 as a subsidiary of Energetix Group plc (LSE: EGX) which was
admitted to AIM on 15th August 2006.



Core Product

EVC's core product is a device that controls the incoming voltage to a property
to a set point. Although electricity is provided by generators and distributors
at a nominal specification, for instance domestic supplies are rated at 230
volts in the UK and 110 volts in North America, the actual voltage levels can
vary significantly. In the UK it is legally permissible for domestic electricity
to be delivered at anywhere between 216V and 253V, with resulting effects on
product performance and reliability.



When fed with a higher voltage many household devices convert the additional
energy into wasted heat and in some cases, such as light bulbs, this excess
voltage can result in a shortened operational life.



The Voltage Control Device is based on an autotransformer and is designed to
typically adjust high voltage down to the set point of the transformer,
currently intended to be 220V. To ensure the Voltage Control Device can be
mounted inside an existing consumer unit, the Voltage Control Device is designed
normally to manage voltage circuits such as lights, television, and washing
machines.



Today's Admission to AIM follows an Extraordinary General Meeting of the
Company's shareholders on Monday 24th September 2007 at which all resolutions
were duly passed. These resolutions included: the proposed acquisition of the
issued share capital of EVC; the appointment of new Directors; and the change of
name of the Company to VPhase plc.



The Company has appointed Zimmerman Adams International Limited as its Nominated
Adviser and BankOra Limited as its Broker.  The issued share capital of the
Company is 624,120,063 ordinary shares of 0.25p.







For further information:


 VPhase plc
Adrian Hutchings, Chairman                             Tel: +44 (0) 151 348 2111
Richard Smith, Chief Financial Officer                 Tel: +44 (0) 151 348 2116
                                                       www.energetixgroup.com


Zimmerman Adams                                        020 7060 1760
Graeme Thom
Charity Walmsley                                       www.zimmint.com


BankOra Limited                                        020 7099 1940
Michael Brennan
Henry Turcan                                           www.bankora.com



Media enquiries:


Abchurch Communications                                020 7398 7700
Justin Heath
Monique Tsang
monique.tsang@abchurch-group.com                       www.abchurch-group.com







                                     -ends-


                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

MSCSEFFAISWSESU

Flightstore (LSE:FLS)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Flightstore (LSE:FLS)
Historical Stock Chart
Von Jun 2023 bis Jun 2024