A fool and his money is easily parted.


For immediate release: 11 October 2005





Envesta Telecom plc ('Envesta' or the 'Company')



Trading update



Further to the announcement made by the Company on 20 September 2005, the
process for evaluating the level of third party interest in the Company's sole
trading subsidiary, Seven Telecom ('Seven') is now complete. Several indications
of interest for Seven have been received and there is a real prospect that the
funds received from the disposal of Seven will not be sufficient to remove the
guarantee from Envesta on the secured bank borrowings of Seven currently capped
at 1.1 million, and in this event, the Company will need the continued support
of its bank. Envesta has historical capital losses of 10.7 million.



The Directors' immediate priority is to secure the sale of Seven Telecom. An
announcement updating the market on future plans for the Company will be made
when current discussions have been concluded.

You have to just love some of the previous ramping comments by individuals. I feel sorry for anyone taken in .

Welcome to the new thread.

peteark - 24 May 2005 13:16 - 3 of 1562
Under the guidance of Severn Telecoms Managing Director Steven Evans CCR is now ready to take the UK's telecom world by storm, early signs already show the product is performing exceptionally, it will truly turn out to be Envesta's 'cash cow'.


paulmasterson1 - 30 Sep 2005 12:04 - 1482 of 1562
Capetown Hi,

I think the chances stand at 99% for a profit, 1% for a loss, that is good enough odds for me to keep my 575,000 shares, sit back and wait for the news to flow, and the price to rise :)

paulmasterson1 - 11 Oct 2005 08:45 - 1526 of 1562

Well there's and RNS, total pants, I reckon I am gonna have to keep these for a year now anyway .... I ain't selling them at a loss anyway :)

Cheers,
PM

Cheers,
PM

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