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what about all those lose ends cash shell with no cash looking for opportunites ???
has kevin Jauncey got another job yet ???

Envesta Telecom PLC
02 May 2006

ENVESTA TELECOM PLC

('the Company')

On 8th November 2005, the Company announced the sale of the business and assets
of the Company's sole operating subsidiary, Seven Telecom Limited ('Seven
Telecom') by its administrator. At the same time, it was announced that,
following completion of the sale by the administrator, the Company had a
continuing debt to its bank of approximately 900,000, with other creditors of
approximately 170,000. The Company was unable to meet these liabilities and
reported that it would require the continued support of its bank and creditors,
and that the directors were reviewing possible alternatives for the Company.

Since that announcement was made the Board has explored in great detail the
possibility of the Company entering into a corporate voluntary arrangement,
which could have given the Company the opportunity of re-structuring and, in its
re-structured form, going forward into alternative business activity, and
thereby given shareholders a prospect of eventually recovering some value from
shareholdings. However, any corporate voluntary arrangement would have required
the support of the Company's principal creditors, and such support has not been
given.

In the circumstances, the Board has concluded that there is no alternative but
for the Company to be wound up. The Company has no funds available to cover the
cost of convening the necessary shareholders' and creditors' meetings to put the
Company into voluntary liquidation, and the Board has sought the financial
support of the Company's dominant creditor to facilitate this process. The
directors do not believe that, after completion of a liquidation there will be
any recovery by the Company's creditors, nor any surplus funds for distribution
to the Company's shareholders.

Given that the Company's ordinary shares have now been suspended from trading
for six months, in accordance with the AIM Rules, the Company's ordinary shares
will be cancelled from trading on AIM on 3 May, and no further announcements
will therefore be released.


This information is provided by RNS
The company news service from the London Stock Exchange ND

I hear one of the ex workers now owns businessservicesuk.com

also formjet

ROBBING OOOOOOOO!!