AMZ Amz Holdings

    RNS Number : 4579W
  Amazing Holdings plc
  11 June 2008
   

    11 June 2008

    Amazing Holdings plc

    Result of AGM / Strategic Update

    Amazing Holdings plc (the "Company") held its annual general meeting yesterday at 11:00 AM at Devonshire House, 15 St. Georges Street,
Douglas, Isle of Man. At the meeting all resolutions were duly passed. At the meeting the Company took the following notable actions:

    *     The Company has changed the name of the listed holding company from Amazing Holdings plc to AMZ Holdings plc
    *     The Company appointed Tiffany Chang as a non-executive director of the Company, effective immediately
    *     The Company increased its authorised capital to �40 million.

    In addition to the actions taken by the Board, the Company reported the following legislative update:

    *     Immediately following the inauguration of KMT candidate Ma Ying-Jeou as the President of Taiwan on May 20, 2008 an amendment to
the Remote Islands Act that will legalise gaming in Taiwan was introduced in the Legislative Yuan. The first reading was successfully
completed on May 30, 2008 and has been submitted to the Economic Committee for review. The Company is very excited by this development and
regards this as a key indicator of the government's commitment to move quickly to enable gaming on Penghu.

    Following his appointment on 25 April 2008, the Company's Chief Executive Officer Mr. Treanor announced that the Company is pursuing a
three part strategy that includes: 

    *     Refinement of the planning approval process for the Company's land holdings;
    *     Identification of a local partner to bring some Taiwanese sponsorship to the Company; and 
    *     Identification of a world-class gaming company to construct and operate a casino on the site.  

    Mr. Treanor believes that these are the three most important elements in ensuring that the Company is successful in its effort to
securing a gaming licence for its site development in Penghu.  

    The Company has also undertaken to reduce the number of options outstanding, and has cancelled 1.925
    million options to acquire the Company's Ordinary Shares held by certain executives and directors of the
    Company. The Company expects future cancellations as well.  


    Finally, the Company is pleased to announce the appointment today of Tiffany Chang as non-executive
    Director to the Board.  Tiffany is a representative of the Taiwan Opportunities Fund (managed by Martin
    Currie) and is currently a consultant to MC China Limited, part of the Martin Currie group of companies.
    The Martin Currie group manages a number of investment funds that invest in Taiwan and the Greater
    China region, including the Taiwan Opportunities Fund and the Taiwan Catalyst Partnership.

     Tiffany has built a career in asset management, and prior to that as a research analyst in Asia, and is
    a CFA charter holder.

    In relation to the appointment of Tiffany Chang, the following disclosure is being made pursuant to
    paragraph (g) of Schedule Two of the Aim Rules for Companies:

    Chang Ti-Fang (known as Tiffany Chang), aged 42 years

    There is nothing further to disclose in relation to Tiffany Chang's appointment.

    Ends

    For further information contact:

    Jonathon Brill/              Financial PR Tel: +44(0) 207 831 3113
    Caroline Stewart,
    Financial Dynamics

    Matthew Robinson /     Nominated Adviser Tel: +44(0) 20 7600 1658
    Charles Cunningham
    FinnCap

    Website: www.amzholdings.com






This information is provided by RNS
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