Top Info Technology Holdings Limited
("Top Tech" or "the company")
(Reg no 98/01957/06)
The directors of TopTech have requested that there be a temporary suspension of
trading in the company's shares. The reasons for this request are as follows:
Hans de Nysschen, the chief executive officer, has resigned with effect from
Monday 19 February 2001;
An audit on the potential overstatement of prior profits is currently being
performed; and
The company is currently experiencing cash flow problems and its bank has
indicated reluctance to increase its facility.
The non-executive directors are currently in negotiations with the company's
funders and are actively considering the options and future course of action
for the company. An announcement will be made in due course.
Pretoria
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