Trading Update

RNS Number : 4404U

Ten Alps PLC

15 October 2010

 



Ten Alps Plc

15 October 2010

Trading update

Multimedia producer Ten Alps Plc ("Ten Alps" or the "Company") has received notification from the Department for Education that the Teachers TV project has been terminated, to take effect on 29 April 2011.  No prior notification had been given. The directors will consider the options available to them in relation to the online TV project.

Separately, following an ongoing review of the Company's business by the Board, Ten Alps has commenced a reorganisation of its business streams in order to reduce overheads and simplify the Company's offering in the marketplace.

The directors will make further announcements as required.

Ten Alps plc
Nitil Patel, CFO	Tel: [phone]
c/o Moira McManus
www.tenalps.com
Grant Thornton Corporate Finance, Nominated Adviser	Tel: [phone]
Fiona Owen / Robert Beenstock
Canaccord Genuity, Broker
Mark Williams	Tel: [phone]
www.canaccordgenuity.com

 

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