Interactive Publishing Plc
LSE : INTP

May 17, 2010 05:18 ET

Statement re suspension

17 May 2010



                                    INTERACTIVE PUBLISHING PLC
                                       Suspension of trading

The Board of Interactive Publishing Plc ("Interactive" or the "Company") have requested that
trading in the Company's shares be suspended temporarily.

On Friday, 14 May 2010, the Company became aware that its products were not being delivered into
the supply chain, due to financial issues affecting the Company's distributor. The distributor is
a key part of the supply chain in getting the Company's products through to wholesale and then out
to the retail outlets. Today, the Company has verbally agreed alternative arrangements to ensure
the ongoing supply of its products through to retail. The Directors are in the process of
reviewing the formal contract with a view to finalising as soon a possible.


In the event that the Company's distributor should fail financially, the losses and lack of cash
flow to the Company and its wholly owned subsidiaries will be of significant proportions. The cash
flow receipts that would fail to materialise over the next 6 to 8 weeks would amount to more than
£700,000. The Company's wholly owned subsidiaries have financial commitments to settle in respect
of the printing, paper, salaries and overheads, which it may not have the funds to be able to
settle as they fall due.

Due to the significance of the financial uncertainties and the losses that will materialise in the
event that the distributor fails, the Directors consider it prudent that trading in the Company's
shares be suspended until the Directors are able to provide more clarity on the financial position
of the Company.



THE DIRECTORS OF THE ISSUER ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT

                                            ---ENDS---

CONTACT DETAILS:

Interactive Publishing plc
Justin Sanders, CEO                                Tel: 0207 608 6300

Fisher Corporate Plc
Gary Miller                                        Tel: 0207 388 7000

Contact Information

  • Interactive Publishing Plc