Pine Ventures PLC

The Directors intend to seek to acquire another company or business in exchange for the issue of Ordinary Shares in a single transaction. The Directors’ main investment criteria are that a suitable target would: l be trading in the software sector in the UK, Europe or North America; l have a business which requires little or no funding in excess of the cash resources available to the Company; and l have a business whose growth prospects, if achieved, will be earnings enhancing for Shareholders. However, these criteria are not intended to be exhaustive and the Company may make an investment which does not fulfil all of the investment criteria, if the Directors believe it is in the interests of Shareholders as a whole to proceed with such an investment. Any acquisition by the Company will be put to Shareholders for their approval at the appropriate time.

As of 7.00am on 9 June 2008, the company’s shares are suspended from trading on AIM. To read more click here to see full statement >>