Announcement
Alacrity Financial Services Limited
(Registration Number: 1994/000078/06)
CODE: ALY ISIN CODE: ZAE 000023966
("the Company")
PROFIT WARNING AND CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the results for the year ending 31 December
2001 are expected to be materially affected mainly as a result of the write
off of prepaid technology expenses incurred in developing the software and
additional costs incurred in securing a reduction in future monthly
processing costs.
Shareholders are advised that the extent of the write off is currently being
determined and shareholders accordingly should exercise caution when dealing
in the company's securities until the agreements necessary to implement the
above have been finalised and the results for the year ended 31 December
2001 are published.
Johannesburg
23 January 2002
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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