RNS Number:7866A
Taurus Storage PLC
03 April 2006
Taurus Storage plc ("Taurus" or the "Company")
Update on trading
The Directors of Taurus note that trading in the Company's shares has been
suspended today.
Taurus has had aborted discussions during the course of the past 12 months.
Apart from one specific transaction that got to a fairly advanced stage, many
other opportunities were considered but in every instance there were eventual
stumbling blocks in the terms and conditions that meant the eventual deal had to
be called off.
Notwithstanding these facts there is still a desire on behalf of the board to
seek out suitable acquisitions as set out in the AIM admission document dated 23
March 2005 for Taurus.
Due to the payment of fees both in terms of the day to day running of the
Company and with regard to the aborted transactions as mentioned above, the
company does not have any funds as at the present date.
The board expects to be in a position to update shareholders regarding a
suitable acquisition within the next 6 months.
This information is provided by RNS
The company news service from the London Stock Exchange
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