::: ( (¯`·. Zÿzÿgÿ .·´¯) ) ::: Financiers of Life Science and Nano Technologies

Zyzygy FY pretax more than doubles; to sell 20.1 pct stake in MarineTrack


LONDON (AFX) - Zyzygy PLC said its full-year pretax profit has more than
doubled and that it remains confident of its investment strategy to continue to
deliver growth and success for its shareholders.
The group, which invests in companies in the emergent technologies sector
said its pretax profit rose to 1.06 mln stg for the year ended June 30, 2006
from 421,000 stg in the same period last year.
In a separate release, the company said it has decided to sell about 20.1
pct of its stake in MarineTrack Ltd to Billam AG for 500,000 stg (in a related
party transaction).
Zyzygy is entitled to 90 pct of any net profit made by Billam on the sale of
these shares during the next three years but is not liable for any losses on
disposal, the company said.
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