(Updates with recast lead, details)
LONDON (Thomson Financial) - Mobestar Holdings Plc. said it is seeking to
appoint administrators to the company as it has been unable to secure further
funding.
The company's shares were earlier Tuesday temporarily suspended from trading
on AIM, pending clarification of its financial position.
Mobestar said on Sept. 26 that its contract rollout had accelerated
throughout 2008 but revenues associated with these contracts were slower than
expected, causing the company to experience working capital constraints.
TFN.newsdesk@thomson.com
ans/slm
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