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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Hertford | LSE:HIG | London | Ordinary Share | GB00B29KF658 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1.50 | 0.00 | 00:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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TIDMHIG
RNS Number : 8870I
Hertford International Group PLC
19 March 2010
19 March 2010
Hertford International Group PLC
("Hertford" or "the Company")
Disposal
Hertford International Group Plc ("Hertford ") wishes to announce that it has
entered into an agreement to dispose of 55% of its wholly owned subsidiary
Crewcall Network Limited, which comprises Talk2World, to Crewcall Telecoms
Limited for a nominal sum.
Talk2World is a low-cost international calling solution which was developed by
Hertford in Crewcall Network Limited and which was in the process of being
rolled-out in the last quarter of 2009. Following the disposal, Crewcall
Telecoms Limited has agreed to continue to operate the product and look at ways
in which it can be properly marketed to realise its full potential. All of the
operating costs of Talk2World will be borne by Crewcall Telecoms Limited
pursuant to this agreement. The Directors believe that this transaction is in
the best interests of shareholders as it protects Hertofrd's investment in the
Talk2World product and allows Hertford to continue to derive revenue from a
product without sharing any of the operational support.
For further information please contact:
Hertford International Group Plc
Alex Lubin/Paul Seakens Tel: +44 (0) 20 3178 4440
Arbuthnot Securities Ltd
Nick Tulloch Tel: +44 (0) 207 012
2000
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISMMGMFKLRGGZM
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