IBL Intl.Brand

 

TIDMIBL 
 
RNS Number : 0343F 
International Brand Licensing PLC 
05 January 2010 
 

 
 
 
 
INTERNATIONAL BRAND LICENSING PLC SELLS STAKE IN ADMIRAL ASIA 
("IBL" or "the Company") 
 
 
International Brand Licensing Plc (AIM: IBL) announces that it has sold its 49% 
stake in the joint venture company, Admiral Asia Limited ("AAL"), to its 
existing partner, Rich Crest Group, for a cash consideration of GBP375,000. 
Included in the transaction are the Admiral trademarks for the Russian 
Federation. 
 
 
Julian Baines, IBL's CEO, comments: "We are delighted to have completed this 
disposal following the recent announcement of the Company's new strategy to 
withdraw from the sporting goods industry and move into the in vitro diagnostics 
devices ("IVD") market place." 
 
 
IBL will continue to sell off the remainder of the its worldwide sports IP 
assets, which will generate additional cash to invest in the Company's IVD 
growth. 
 
 
Enquiries: 
 
 
+--------------------------------------+--------------------------------------+ 
| International Brand Licensing plc    | Tel: 020 7823 1733                   | 
| David Evans, Non Executive Chairman  |                                      | 
| Julian Baines CEO                    |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Zeus Capital                         | Tel: 0161 245 1100                   | 
| Ross Andrews                         |                                      | 
| Tom Rowley                           |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
| Hansard Communications               | Tel: 020 7245 1100                   | 
| John Bick                            |                                      | 
| Justine James                        |                                      | 
|                                      |                                      | 
+--------------------------------------+--------------------------------------+ 
 
 
 
 
 
 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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International Brand Licensing (LSE:IBL)
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