Acquisition
31 Março 2005 - 1:47PM
UK Regulatory
RNS Number:4367K
Bright Futures Group PLC
31 March 2005
Bright Futures Group PLC
("Bright Futures" or the "Company")
Acquisition
Bright Futures, the AIM listed UK mobility retailer, is pleased to announce that
it has agreed to acquire the business and assets of the Shiloh Mobility Limited
("Shiloh") retail business, for a total cash consideration of #210,000. The
agreement is subject only to the successful assignment of the leases, or
granting of sub leases in the 5 retail stores, on similar terms to those
currently enjoyed by Shiloh.
Commenting on the acquisition, Stephen Harpin, Chief Executive, said:
"In addition to our new store openings, planned in 2005, this acquisition will
help accelerate the rate of growth in our core retail business, where the board
believe that we are well positioned to achieve our vision of becoming the UK's
largest Mobility retailer."
Further Information:
Stephen Harpin 01902 866166
Bright Futures Group
Justin Lewis 020 7626 2244
Corporate Synergy
Adrian Reed 0161 831 9133
Altium Capital
This information is provided by RNS
The company news service from the London Stock Exchange
END
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