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IMEXHS LIMITED — Capital/Financing Update 2009
Jun 18, 2009
65120_rns_2009-06-18_1c8a0253-e26f-4676-a1f3-a90f2ab551f5.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT ASX: SWW
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19 June 2009
SOLVERDI WORLDWIDE LTD (SWW)
Solverdi is pleased to announce sale of assets of Scanline Pty Ltd
Scanline Pty Ltd
Solverdi Worldwide Ltd , has contracted for the sale of the assets of Scanline Pty Ltd.
The asset sale to Australian Eco Oils Pty Limited is under contract and expected to complete by June 24[th,] 2009.
The gross consideration receivable under this transaction is expected to be $2,450,000.00. This includes proceeds from a one year Throughput Agreement that forms part of the sale documentation.
“We are very pleased with the sale to Australian Eco Oils, and wish them the very best in their venture. The sale will allow Solverdi to concentrate on our core business fundamentals,“ stated Dennis Danzik, CEO of Solverdi.
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All Inquires:
Ian Westbrook Manager - Corporate Information Solverdi Worldwide Limited ABN 60 096 687 839
Corporate & Registered Office and Production Facility Solverdi Worldwide Limited 195-199 Potassium Street Narangba QLD 4504 Telephone: +61 04 3058 9556 Fax: +61 02 1231 0131
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.