Anchor Capital Investments Ltd.
Anchor Capital Investments Ltd. (XETRA:ACP) (NSX:ACI) : not to acquire Earth Roam Pvt Ltd. as previously announced on December 16, 2014
DGAP-News: Anchor Capital Investments Ltd. / Key word(s): Letter of Intent/Miscellaneous 2016-04-11 / 13:23 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Anchor Capital Investments Ltd (NSX:ACI) will not pursue the acquisition of Earth Roam Pvt Ltd. as previously announced on December 16, 2014. The decision has been taken due to the slowdown in the telecom arena and the high cost of doing business. The other major factors are intense competition and too many new entrants cutting prices leaving no room for margins. The Board decided, it was in the best interest of Anchor Capital Investment Ltd. and its shareholders to retract and concentrate on other profitable ventures. INVESTOR AND MEDIA RELATIONS ================================= Linda Kirkland pr@anchorcapitalinvestments.com www.anchorcapitalinvestments.com --------------------------------------------------------------------------- 2016-04-11 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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