Completion of Placing

The Company announces that it has raised £600,000 from the issue of 120,000,000 new ordinary shares of 0.04p each (“Ordinary Shares”) at a price of 0.5p per share, by way of a placing through WH Ireland Limited (the “Placing”). Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 12 April 2011.

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