DHAIS plc
LSE : DHAP

March 30, 2009 06:21 ET

Acquisition - Keep Able Retail

                                             DHAIS Plc
                                                 
                                   Acquisition, Keep Able Retail
                                                 
          Third mobility business acquisition solidifies position in retail health sector


Further to the announcement on 2 March 2009, DHAIS Plc, ("DHAIS") a UK leader in the marketing and
retail of hearing and mobility products, announces the completion of the acquisition of Keep  Able
Retail from Keep Able Limited, a national mobility centre company in administration.

Keep  Able Retail comprised 13 mobility centres across the UK which provided disability  aids  and
mobility  products together with home assessment services. Based in the West Midlands,  Keep  Able
Retail also operated a relatively small online store and mail order business.

The  acquisition consideration was GBP 220,390 payable in cash of which GBP 161,300 was for stock.
Goodwill  of  GBP 19,090 was included in the acquisition price, and GBP 40,000 paid for  fixtures,
fittings,  equipment and customer records. The funding of this acquisition was by way of  existing
cash  reserves and was undertaken via DHAIS's wholly owned subsidiary Hearing Health and  Mobility
Ltd.

Keep  Able  Retail  achieved turnover of GBP 2.8 million in the year  to  30  September  2008  but
suffered a loss of GBP 300k. The Directors believe that following the acquisition, a restructuring
programme under the DHAIS formula will rejuvenate the business and return it to profitability.

Moreover,  DHAIS  is confident that through group integration this acquisition will  prove  to  be
earnings enhancing given the anticipated synergies going forward.

Mark Moss, Chairman, commented:

"While  DHAIS  has historically operated as a freelance marketing company, we are of  the  opinion
that our sales lead generating capabilities are well suited to the mobility and health sectors and
we are actively expanding in these areas.

"Furthermore,  over the past few months we have completed three acquisitions in the retail  health
sector  and  solidified our position firmly with our hearing and mobility centres based throughout
the UK. We are committed to building a diversified business with our focus on shareholder value."

30 March 2009

Enquiries:

DHAIS Plc                                         029 2066 6888
Amin Kiddy, Finance Director
Haggie Financial LLP                              020 7417 8989
Nicholas Nelson/Kathy Boate
PLUS Advisor:                                     020 7251 3762
Alfred Henry Corporate Finance Ltd
Jon Isaacs/Nick Michaels

The Directors accept responsibility for this announcement.


About DHAIS:

Cardiff  based  DHAIS  developed a niche role in the marketing of hearing  aids.  Last  year,  the
company  acquired  two retail businesses and has also diversified its marketing  role  into  other
consumer  health  related  areas  such as mobility products.  DHAIS  will  now  operate,  via  its
subsidiary  Hearing Health and Mobility Ltd, a chain of 28 retail outlets in Hearing and  Mobility
located throughout the UK.

DHAIS is a PLUS Markets quoted company.

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