Legal Proceedings
21 Abril 2010 - 10:16AM
UK Regulatory
TIDMJHL
RNS Number : 5757K
Jetion Solar Holdings Limited
21 April 2010
+
For Immediate Release
21 April 2010
Jetion Solar Holdings Limited
("Jetion Solar" or the "Company")
Legal Proceedings
The Board of Jetion Solar (AIM:JHL), the manufacturer of high quality solar
cells and modules, announces that it has recently been served a writ claiming
non-payment of US$2.7m relating to an alleged contract to purchase ERP software
in early 2007.
The Board believes the claim to be completely unfounded and legal counsel
indicates that the Company has a strong case and is confident of success.
In the trading update issued on 5 January 2010 the Company announced that net
profit for the year ended 31 December 2009 would be significantly ahead of
market forecasts prevailing at that time. The Board remains confident that this
statement will be upheld.
+-------------------------------+-------------------------------+
| Jetion Solar Holdings Limited | |
+-------------------------------+-------------------------------+
| Gabriel Kow | +44 (0) 78 1056 8788 or |
+-------------------------------+-------------------------------+
| | +86 (0) 136 0616 1871 |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Evolution Securities Limited | +44 (0) 20 7071 4300 |
+-------------------------------+-------------------------------+
| (Nominated adviser) | |
+-------------------------------+-------------------------------+
| Tim Redfern | |
+-------------------------------+-------------------------------+
| Barry Saint | |
| Adam James | |
| Esther Lee | |
+-------------------------------+-------------------------------+
| | |
+-------------------------------+-------------------------------+
| Buchanan Communications | +44 (0) 20 7466 5000 |
+-------------------------------+-------------------------------+
| Mark Edwards | |
+-------------------------------+-------------------------------+
| Christian Goodbody | |
+-------------------------------+-------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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