Leadcom Integrated Solutions Ltd
Leadcom Announces Termination of Due Diligence Process by Old Lane
May 29, 2008, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd.
('Leadcom' or 'the Company', AIM: LEAD), a leading international provider of
innovative telecommunication solutions, announces that following the statements
made on March 12, and on April 28, 2008 the Company and Old Lane (UK) LLP ("Old
Lane") have mutually agreed to terminate the process by Old Lane, due to current
market conditions.
Enquiries:
Yael Margoninsky - Leadcom
Tel: +972 9 769 0011
Andrew Godber - Panmure Gordon
Direct: +44 (0) 20 7614 8385
About Leadcom
Leadcom, established in 1982, is an international leader in innovative
telecommunications solutions. Incorporated in Israel, Leadcom was admitted to
London's AIM market in April 2005.
Partnering with global operators and equipment vendors via its activities in
over 50 countries throughout the Americas, Europe, Africa and Asia, Leadcom
delivers services in the supply, implementation and management of
telecommunications network services and solutions.
For further information visit www.leadcom-is.com.
Statements made in this press release that are not historical facts, including
with respect to the Company's expected revenues and back log are forward-looking
statements. These forward-looking statements are not guarantees of future
performance and are subject to risks, uncertainties and assumptions about the
Company and the matters covered in this press release. You should not place
undue reliance on these statements. Actual events or results may differ
materially from the Company's expectations. The forward-looking statements are
made as of this date and the Company does not undertake any obligation to update
any forward-looking statements, whether as a result of new information, future
events or otherwise, except as may otherwise be required by applicable law.
There is no assurance the Company will increase or even maintain its current
level of revenues and profitability.
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