Rebootizer Group PLC
Rebootizer Group PLC: Funding update
Rebootizer Group PLC / Key word(s): Miscellaneous 16.09.2011 / 16:28 --------------------------------------------------------------------- Further to the company's announcement of 16th August 2011 the company is providing an update on the funding negotiations. The negotiations have not been completed although discussions are ongoing. Due to the failure of the negotiations to come to a successful conclusion the company was put in a perilous financial position and in order not to be wound up the company needed to obtain finance. The investors with whom the company has been negotiating, have advanced to the company the aggregate sum of Euro 250,000. These facilities are fully secured against all of the assets of the company. In the event that the proposed transaction does not complete the company would not be in a position to repay the loans advanced to the company unless the company raised additional funding. There is no guarantee that the proposed investors will enter into a transaction or in the event that they do not that the company would be able to obtain additional funding to repay the loans advanced. Due to this considerable uncertainty, the company has decided to seek a suspension of the company's shares. The company will make a further announcement in due course. About Rebootizer Group plc Rebootizer Group is an independent, exchange listed company (ticker: R3T), in the international functional food market. The Group has distributor agreements for its detox shaker, rebootizer(R), in Europe, South America and the US.The ingredients of rebootizer(R) are known for both their antioxidant properties and digestive functions (anti-spasmodic, anti-inflammatory, liver-protective) granting a better digestion for food and drink consumption. ** END OF NEWS RELEASE ** This news release may contain certain forward-looking statements, expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the management of Rebootizer Group plc as of the date hereof, and actual results may vary based upon future events, both within and without the control of the management, including risks and uncertainties that could cause actual results to differ materially. Management does not take any responsibility to update the contents of this News Release in case new aspects arise or new conditions change the facts available. Rebootizer Group plc, 2nd floor, 14 Hays Mews, London, UK www.rebootizergroup.com ISIN: GB00B6194J40; German Code: R3T; WKN: A1CU1Q Stock Exchanges: Frankfurt, Vienna, Xetra End of Corporate News --------------------------------------------------------------------- 16.09.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 139598 16.09.2011
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