DENSITRON TEC...Best recovery stock out there

It looks a bit of a panic job, how is a sale of assets described as a Contract? which is normally used as a term for a business win?

The CEO cnogratulates himself and then resigns!


Densitron Technologies Re Contract

Densitron Technologies plc

Sale of Densitron Ferrograph Limited

Densitron Technologies plc ("Densitron") is pleased to announce that it has
exchanged contracts for the sale of its public information displays division,
Densitron Ferrograph Limited ("Ferrograph") to Trueform Engineering Limited
("Trueform") effective as at 31st December 2006. Net operating assets are
being purchased on a pound for pound basis, subject to completion accounts,
plus a payment of £459,533 for goodwill. It is expected that total
consideration will be approximately £1,000,000 payable in cash of which £
150,000 will be paid on the first and second anniversary and the balance paid
on completion.

In its last audited accounts for the year ended 31st December 2005 Densitron
Ferrograph Limited reported sales of £2,986,166 and a Loss After Taxation of £
298,206. The Net Liabilities of Ferrograph were £3,887,808.

Proceeds from the sale of Ferrograph will be used to reduce group debt.

Rob Smith, Densitron's CEO, commented, "The sale of Ferrograph to Trueform
allows Densitron to concentrate on our remaining operating businesses and to
reduce our borrowings. We are pleased that we have found a buyer for the
business that is committed to the development of Ferrograph and who will take
on the existing staff and premises."

Change of Directorship

Densitron Technologies plc announces that Rob Smith, Chief Executive Officer,
has resigned from the Company with effect from the 31st December 2006 to follow
other business interests. The Board would like to thank him for all his
contribution and efforts over the years and wishes him well in the future.

Enquiries:

Ralph Baber, Chairman, Densitron Technologies plc 0207 648 4200

John Wakefield, Director, Corporate Synergy Plc 0117 933 0020




END