CUS Customvis

 

TIDMCUS 
 
RNS Number : 6661O 
CustomVis plc 
01 July 2010 
 

                                                                      1July 2010 
 
                                  CUSTOMVIS PLC 
                  ("CustomVis" or the "Company" or the "Group") 
 
    Acquisition of business and assets of CLVR Pty Limited (in liquidation) 
 
Further to the announcement made on 29 June 2010, the Company announces that it 
has acquired the assets, including certain intellectual property assets, from 
the liquidator of CLVR Pty Limited ("CLVR"), the Company's wholly-owned 
subsidiary, for a cash consideration of AUD$245,850. This acquisition was funded 
by the loan obtained from Hawk Investments Limited on 29 June 2010. 
 
 As a result, the Company now owns substantially all of the assets it owned 
prior to the appointment of  administrators to CLVR on 22 April 2010. 
 
The new Board intends to now relaunch the Company's products and re-engage with 
its customers. Dealings in the Company's shares were suspended on 19 April 2010 
and will continue to remain suspended.  A further announcement will be made in 
due course. 
 
                                     -ends- 
 
ENQUIRIES: 
 
+---------------------------------+---------------------------------+ 
| CustomVis plc                   |                                 | 
| John O'Hara, CEO                |                  +64 9 444 7599 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Merchant John East Securities   |                                 | 
| Limited                         |                   020 7628 2200 | 
| David Worlidge                  |                                 | 
+---------------------------------+---------------------------------+ 
|                                 |                                 | 
+---------------------------------+---------------------------------+ 
| Leander PR                      |                                 | 
| Christian Taylor-Wilkinson      |                   07795 168 157 | 
+---------------------------------+---------------------------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 ACQLLFISDDILIII 
 

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