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IMEXHS LIMITED — Capital/Financing Update 2009
Jul 5, 2009
65120_rns_2009-07-05_325344c9-fc39-4315-bfd9-60c829d931ab.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT ASX: SWW
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6 July 2009
SOLVERDI WORLDWIDE LTD (SWW)
Solverdi is pleased to announce the Asset Sale of Scanline Pty Ltd
Scanline Pty Ltd.
Solverdi Worldwide Ltd is pleased to announce that the sale of the assets of Scanline Pty Ltd to Australian Eco Oils Pty Limited is now completed. The terms of the sale were announced previously on June 19, 2009.
“Thi s ransac t ti on an d rea ll oca ti on o f cap it a , pu l t s o ver S l di W or ld w id e we ll on th e roa d from being a legacy biodiesel producer to a supplier of renewable energy created through the proprietary process in which Solverdi maintains exclusive rights”, stated Chris Larson , the company's newly appointed CFO.
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All Inquires:
Ian Westbrook
Manager - Corporate Information Solverdi Worldwide Limited ABN 60 096 687 839
Registered Office Suite 1005, Level 10 4 Bridge Street Sydney NSW 2000
Telephone: +612 9252 6072 Fax: +612 9475 0191
The Information herein contains forward-looking statements that involve risks, uncertainties, assumptions and other factors, which, if they do not materialize or prove correct, could cause ABG results to differ materially from historical results, or those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words "planned," "expects," "believes," "strategy," "opportunity," "anticipates," and similar words. These statements may include, among others, plans, strategies and objectives of management for future operations; any statements regarding proposed new products, services or developments; any statements regarding future economic conditions or performance; statements of belief; and any statements of assumptions underlying any of the foregoing. The potential risks and uncertainties may include, but are not limited to, competition in our target markets; potential capital needs; management of future growth and expansion; risk of third-party claims of infringement; protection of proprietary information, customer acceptance of the company's products and fee structures; the success of ABG brand development efforts; risks associated with strategic alliances; reliance on distribution channels; product concentration; need to develop new and enhanced products; potential product defects; our ability to hire and retain qualified employees and key management personnel; and risks associated with changes in domestic and international market conditions and the entry into and development of international markets for the company's products. ABG assumes no obligation to update any forward-looking statement to reflect events or circumstances arising after the date on which it was made.