As previously communicated, the Group's international business is seasonal
and the majority of its annual revenue is traditionally generated in the
fourth quarter of the financial year. Preliminary information indicates
that, in line with the continuing slowdown in worldwide economic conditions,
the Group's fourth quarter sales were well below expectations. As a result,
the Group will report a loss for the year ended 31 December 2001.
The Group ended the year with adequate cash reserves following strong cash
collections.
IDION will announce its audited financial results for the year ended 31
December 2001 on 26 February 2002.
Johannesburg, 10 January 2002
Sponsor:
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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