scaff
- 03 May 2007 10:01
dollar improving and some news on american contracts soon hopefully
trigger45
- 10 Jul 2007 08:53
- 2 of 5
Just moving this up to see if anyone has any comments.
Eruma plc
10 July 2007
FOR IMMEDIATE RELEASE 10 July 2007
ERUMA PLC ('Eruma' or 'the Company')
Acquisition of Illuminex Ltd ('Illuminex')
Issue of Equity
The Board of Directors of Eruma are delighted to announce the acquisition of
Illuminex and the associated intellectual property rights in respect of the
emergency and security lighting systems developed by the company.
Illuminex has fully developed products using Light Emitting Diodes (LEDs) to
provide emergency lighting systems for public sector and commercial buildings
which have a much reduced power consumption compared to existing products. The
state-of-the art technology can be managed remotely allowing low-cost
maintenance in such environments and currently, the Directors believe, has no
known competition offering anything like the Illuminex systems. Health and
Safety legislation in the UK dictates that it is a requirement for such premises
to have back-up lighting in the event of a power cut or lighting failure.
Illuminex is a new company into which the business assets and the intellectual
property of the Illuminex business have been transferred prior to the purchase
by Eruma. Accordingly there are no financial figures available. However 180,000
has been invested to bring the fully developed product to market.
Eruma has agreed to issue 5,000,000 shares on completion to acquire 100% of the
share capital of Illuminex from its existing shareholders, valuing the
consideration at 350,000 at the placing price of 7p as described below.
In addition, Eruma has placed 10,800,000 shares at 7p to raise 756,000. This
will be used to build the sales and marketing for Illuminex and to provide
working capital to create volume stocks of the new product.
Application will be made for the new ordinary shares of 1p each, which will
rank, pari passu, with all existing ordinary shares to be admitted to trading on
AIM.
Wayne Money, Chief Executive of Eruma, said; 'this is a perfect addition to our
portfolio selling to the same customers in our existing security market and
Illuminex products will complement Eruma's current offerings. The Directors are
confident that this will enable Eruma to reach profitable status more quickly'.
Contact: Wayne Money, Eruma plc on 020 7566 2610
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396
John Millers, SP Angel on 020 7422 4300
trigger45
- 30 Jul 2007 08:38
- 3 of 5
For Immediate Release 30 July 2007
Eruma Plc
("Eruma" or the "Company")
Issue of Equity / Board Appointments
Further to the announcement on 10 July 2007 Eruma is pleased to announce that it has placed a further 2,207,571 Ordinary Shares of 1p each at 7p per share to raise #154,530. This is to meet excess market demand and supplements the placing arranged in respect of the acquisition of Illuminex Ltd. Application will be made for the 2,207,571 new ordinary shares of 1p each, which will rank, pari passu with all existing ordinary shares, to be admitted to trading on AIM.
The Company is also pleased to announce that following board appointments:
Kevin Coffey has been appointed an Executive Director and David Alexander a non-executive Director to the Board of Eruma plc with immediate effect.
Kevin John Coffey, 52, is currently the General Manager of Illuminex Ltd, the emergency and security lighting business recently acquired by Eruma plc. Kevin brings 30 years experience in research and development and 20 years experience in the manufacture of micro controller techniques, also being a director of Peripheral Support Services Limited. He has previously worked with organisations such as EMI, ADT, Tyco and PSS and brings a wealth of knowledge to the security business of Eruma plc.
David Edward Joseph Alexander, 47, is Managing Director of Solutionsmtd Limited, a strategic advisory business, which focuses on business acceleration through organic development; new market entry mergers and acquisitions. He is also Managing Director of Bright Young Things LLP a niche executive search business focusing on commercial high flyers within strategy consulting, financial services and on-line businesses. He was Group Development Director of Computacenter plc and Director of Strategy and Marketing Northgate Information Solutions plc. He is a published author and lecturer on customer relationship management including developing strategic partnerships.
Wayne Money, Chief Executive, commented: "In line with our stated aim of recruiting high calibre individuals I am delighted to welcome Kevin and David to the Board. Kevin's experience will be invaluable in expanding the group's product offering into the burgeoning LED market and this coupled with his background in developing systems applications will be a sound investment for the future. David's abilities will be especially beneficial in planning and driving growth through his frameworks for a coordinated approach to assessing and prioritising mergers and acquisitions and critically their integration to maximise value from these investments."
Further information provided in respect of the AIM Rules:
Mr David Alexander resigned as non-executive director of Baron Corporation Plc on 13 September 2001 and on 16 October 2001, Baron Corporation Plc was put into creditors voluntary liquidation with an estimated deficiency as regards creditors of #1,045,917.
Kevin Coffey is interested in 2,750,000 ordinary shares in the Company, representing 2.7 per cent. of the Company's presently issued share capital (including the proposed issue as stated above). David Alexander holds no shares in the Company.
Contact: Wayne Money, Eruma plc on 020 7566 2610
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396
John Millers, SP Angel on 020 7422 4300
trigger45
- 04 Sep 2007 07:43
- 4 of 5
Just moving this up again. It's very early days yet but I have taken a very small speculative punt on these.
A snippet from the interims.
Eruma plc
30 August 2007
ERUMA PLC (the 'Company')
CHAIRMANS STATEMENT
Unaudited Interim Accounts for the period ended 30 June 2007
Eruma plc, the parent company of Security Blinds Ltd who specialise in
prevention of burglary and counteracting bomb blast damage from terrorist attack
or industrial explosions, is pleased to announce its interim results for the six
month period to 30th June 2007.
Highlights
* Revenue increased by more than 300% from 121K in the first six months of
2006 to 510K for the equivalent period this year.
* Orders for the period exceeded the total installation revenues for the
whole of 2007.
* Security Blinds Ltd completed a total re-branding exercise resulting in a
greatly enhanced corporate image. The new image is more in keeping with the
target audience of the Company. This manifested itself in a new brochure, an
upgraded website and fresh executions for exhibitions, advertisements and
point of sale material.
* The pipeline for our US partner has significantly increased in the last
six months.
* Administrative expenses were in line with expectations.
Review and Outlook
The company remains in a strong position to capitalise on its investment in
marketing, sales personnel and logistics. Eruma plc plans to continue with its
strategy of upgrading all aspects of its operations with particular emphasis on
high quality lead generation, the future lifeblood of the organisation.
The pipeline (quotations that have been made to prospective purchasers) is 80 %
higher than the same period last year and this should result in continued high
growth levels.
There are no immediate plans to increase headcount, we believe that we have the
right profile to take us through into the 2008 fiscal year. Continuous training,
is however, planned to ensure that we achieve maximum results from our
resources.
There are high levels of interest in our blast resistant products because of the
global threat of terrorism. We intend to test various options of the newly
branded 'Secur' range against much larger TNT equivalent explosive than already
undertaken. It is planned that these tests will take place in the second half of
the year and if successful will open up further opportunities in this specialist
market.
The latter half of the period also saw considerable activity that has
subsequently resulted in the acquisition of a new company, Illuminex Ltd. This
exciting acquisition will enable Eruma to accelerate its revenues selling
state-of-the-art lighting products into similar market areas where Security
Blinds is achieving success.
Illuminex manufactures and sells LED (Light Emitting Diode) based products,
which are extremely energy efficient and hence have a low carbon footprint that
together with sophisticated monitoring capabilities offer unique benefits in the
security lighting marketplace.
Your board is confident that its strategy of organic growth coupled with
strategic acquisition will bring continued rapid revenue increases and guide the
company into profit in a planned and controlled manner.
Philip Barnett
Chairman
BAYLIS
- 12 Oct 2007 12:59
- 5 of 5
just watching for now good luck.