Appointment of Administrators (Debt Advisor)

Date : 06/29/2007 @ 9:30AM
Source : UK Regulatory (RNS and others)
Stock : Debt Advisor Group (TDAG)
Quote : 7.35  0.0 (0.00%) @ 1:00AM
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Appointment of Administrators (Debt Advisor)

RNS Number:3412Z
Debt Advisor Group (The) PLC
29 June 2007



                           THE DEBT ADVISOR GROUP PLC

                                ('the Company')



                         APPOINTMENT OF ADMINISTRATORS





The Company announces that Russell Cash and Michael Horrocks of Pricewaterhouse
Coopers LLP have today been appointed joint administrators of The Debt Advisor
Group plc.



On 7 June 2007, the Company announced it had engaged the services of an
insolvency practitioner to advise the Company and the Company's ordinary shares
of 0.5p each were suspended from trading on AIM.



Different options have been explored including a thorough attempt to sell the
Company as a going concern.  This has been unsuccessful.  It is therefore with
much regret that the directors are taking this course of action.





For Further information:



The Debt Advisor Group plc
Mike Sutcliffe                 0870 950 0000



WH Ireland Ltd
David Youngman                 0161 832 2174






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

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