Acquisition by Excellerate of 50% of an entity which has acquired the business of DLJ Interiors cc carried on under the name "Delawood Designs", and withdrawal of cautionary announcement.
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In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the current reporting period will differ by at least 20% from the previous corresponding period.
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The Board is pleased to report to shareholders much improved results for the six month period from July to December 2007, both in comparison with the previous six months and the comparative period for the prior year
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Acquisition by Excellerate Investment Holdings Limited of a 50% shareholding in Friedshelf 702 Limited (to be renamed Chattels Infrastructure Management Limited)
Shareholders are advised that Excellerate has entered into an agreement with Glendall Trading 1 dated 3 December 2007, to purchase its business as a going concern.
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