Campus Investments PLC
Campus Investments PLC:CAMPUS SIGNS MOU TO ACQUIRE MED WATER TRADING COMPANY
Campus Investments PLC / Letter of Intent/Acquisition Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Great Bookham Surrey, Oct. 1st:CAMPUS INVESTMENTS PLC ('Campus') as quoted on the Frankfurt Stock Exchange - Open Market (WKN:A0MP05)announced today that they have entered into a Memorandum of Understanding (MOU) for the acquisition of Med Water Trading Limited (MW), a company registered in and existing under the laws of the Turkish Republic of Northern Cyprus (KKTC). MW is part of the larger Medview Homes Holding Group, owned and managed by Ali Ozmen Safa. Having established a substantial presence through construction of Luxury Villas and Apartments in North Cyprus the Group has diversified into building and owning a chain of 5 star hotels with casinos, a chain of family oriented holiday resorts with facilities, Property Management, holiday rentals and the provision of infrastructure and utilities. The Group has also established a media group including newspapers, TV and Radio interests in Cyprus and Turkey. MW has already established a desalination and water treatment plant currently capable of producing 350 tons of clean water per day. Its facility is located on an 8 donum (11,104 square metres) plot of land right next to the sea and has room to expand production considerably subject to the installation of further plant and equipment. As an island in the eastern Mediterranean water shortages are an increasing problem in Cyprus. South Cyprus has now started to import water by tanker from Greece and Turkey is looking into investing $400m in laying pipes from Turkey to North Cyprus. This is at an early stage. MW is owned and controlled by Ali Ozmen Safa, the former Chairman of a publicly quoted UK company, who has extensive interests in the UK, Turkey and North Cyprus. In addition to producing water from desalination and treatment plants, Mr. Safa is also engaged in projects to import water to Cyprus from mainland Turkey using tankers (as South Cyprus have done) as well as undersea pipelines and is also engaged in relation to the supply of electricity to Cyprus from Turkey and through electricity generation in North Cyprus itself. Mr. Safa is a highly respected business executive with extensive contacts in the business, politicfal and Government arenas in both North Cyprus as well as Turkey. The Board have stated that; 'We are very delighted with this first step forward for CAMPUS and our growth of the Company. This is a great strategic and financial move for the Company and one that should provide our shareholders long term financial yields.' The Company plans to raise additional funds to be able to consider investment opportunities in utilities, water and communications including those introduced by Mr Safa including building a Water Desalinization Plant and Power Plant to service the needs of the growing Northern Cyprus and development opportunities that may arise.Further acquisitions in the electricity sector are anticipated. This release contains certain 'forward-looking' statements, involving risks and uncertainties, which are covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding Sun Organization Inc. Such statements are based on management's current expectations and are subject to certain factors, risks and uncertainties that may cause actual results, events and performance to differ materially from those referred to or implied by such statements. In addition, actual or future results may differ materially from those anticipated depending on a variety of factors, including continued maintenance of favorable license arrangements, success of market research identifying new product opportunities, successful introduction of new products, continued product innovation, sales and earnings growth, ability to attract and retain key personnel, and general economic conditions affecting consumer spending, Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. CAMPUS. do not intend to update any of the forward-looking statements after the date of this release to conform these statements to actual results or to changes in its expectations, except as may be required by law. Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions. The Board of Directors Campus Investments PLC 11 Church Rd. Great Bookham Surrey KT 23 3PB 01.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
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