Immersion Technologies Intl. Announcements

Change of Adviser

23 October 2008 07:00:12



RNS Number : 4934G Immersion Technologies Intl PLC 23 October 2008  
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23 October  2008

Immersion Technologies International plc
("Immersion" or "Company")

Appointment of Nomad

Immersion is pleased to announce that Beaumont Cornish Limited has been appointed Nomad with immediate effect.

Update on Operations

In line with current market conditions and the fact that the Company is not currently achieving forecasted sales from the Nakamitchi contract, the Company has significantly reduced its cost structure with the closure of the Singapore sales office, China manufacturing facility and streamlined headcount at its Melbourne R&D centre. Immersion will keep a prototype facility in China to service its client's prototype and pre-production samples.

However, the Company continues to advance its sales and marketing strategy by displaying its products at trade shows. Immersion participated at the IFA show in Berlin in September and last week was in Seoul at the Korea Electronics Show where it is displaying its latest electrostatic panels and low frequency conventional-cone technology for use with flat panel TV's.
-Ends-
For further enquiries:
Immersion Technologies International plc
 
David Lenigas/Kiran Morzaria
+44 207 016 5100
 
 
Pelham Public Relations
 
Archie Berens
+44 (0) 20 7743 6679 / +44 (0) 7802 442 486
 
 
St. Helens Capital plc - Nominated Broker    
 
Ruari McGirr
+44 (0) 20 7628 5582
 
 
Beaumont Cornish Limited - Nominated Adviser 
 
Roland Cornish        
+44 (0) 20 7628 3396 

This information is provided by RNSThe company news service from the London Stock Exchange  END  APPUUVNRWSRRUAA

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