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CUC Centurion Ele

1.24
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Centurion Ele LSE:CUC London Ordinary Share GB00B15DYP39 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 1.24 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Settlement with Centurion

12/08/2005 8:00am

UK Regulatory


RNS Number:0200Q
Designer Vision Group PLC
12 August 2005


Press Release                                                     12 August 2005


                           Designer Vision Group Plc

                      ("Designer Vision" or the "Company")

            Settlement with Centurion Electronics plc ("Centurion")

Further to the announcement made on 4 March 2005, Designer Vision, the in-car
audio-visual entertainment systems specialist, today announces that the Company
has agreed to a confidential out of court settlement with Centurion regarding
the alleged misuse of confidential information and the alleged infringement of
the Company's UK and European design rights.

Andrew Mintern, Finance Director of Designer Vision, said: "We are extremely
pleased that a settlement has been reached without the need to continue a
lengthy and expensive legal process."

Chris Rhodes, CEO of Centurion, said: "I am very happy with the settlement and
that this dispute was resolved on an amicable and sensible basis."


                                    - Ends -



For further information, please contact:
Designer Vision Group Plc
Andrew Mintern, Finance Director                       Tel: +44 (0) 20 8200 1515
andy@designervision.co.uk                               www.designervision.co.uk

Media enquiries
Abchurch
Henry Harrison-Topham / Chris Lane                     Tel: +44 (0) 20 7398 7700
chris.lane@abchurch-group.com                             www.abchurch-group.com


Notes to Editors:

Designer Vision Group PLC came to the AIM market in August 2003 and has
developed a number of multi-media systems, including rear seat DVD systems, for
the car market.  The Company has secured a number of high-profile OEM contracts
to supply leading motor manufactures within the UK including BMW, Ford, Jaguar,
Nissan and Volvo.  Following the acquisition of Tech Trade Limited in February
2005, Designer Vision has also established a strong presence in the audio-visual
retail market, selling portable DVD's and MP3 players to customers such as Toys
R Us and Virgin Megastores.



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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