APS TECHNOLOGIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/024100/06)
("APS" or "the company")
PROFIT WARNING
APS shareholders are advised that APS has incurred significant
losses for the six-month period ended 30 June 2001.
A significant portion of these losses has arisen due to an
exceptional decline in the business activities of the company
during the six-month period ended 30 June 2001, the
uncollectability of various debtors, obsolescence of certain stock
items and certain restructuring costs which, to a large extent,
are directly attributable to the negative publicity received by
the company in the press during the first quarter of 2001 and
remedial action taken by the previous and current board of
directors of the company pursuant thereto.
Details of the exceptional losses referred to above will be
included in the company's interim results which will be published
in the press and posted to APS shareholders by no later than 31
August 2001.
Pretoria
13 August 2001
By order of the board
C J KLEINGELD
Chief Executive Officer
SPONSOR
TRANS@LANTIC SECURITIES (PTY) LTD
Corporate Finance
(Registration number 1999/000210/07)
Registered as a Sponsor with the JSE Securities Exchange South
Africa
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