Metrofile Holdings Limited - Metrofile Holdings Changes Jse Sector Listing To
Reflect Core Business Activities
Metrofile Holdings Limited(Formerly MGX Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1983/012697/06)
Share code: MFL ISIN: ZAE000061727(`Metrofile Holdings` or `the company`)
METROFILE HOLDINGS CHANGES JSE SECTOR LISTING TO REFLECT CORE BUSINESS
ACTIVITIES
Metrofile Holdings has transferred its listing to the `Support Services -Business Support Services` sector of the JSE Securities Exchange South Africa
list. The company was previously listed in the `Information Technology -
Software and Computer Services - Software` sector.
The board of directors of Metrofile Holdings requested the JSE to reclassify thecompany as the `Support Services - Business Support Services` sector is more in
line with its business. Subsequent to Metrofile Holdings` restructuring, a
significant amount of its revenue and earnings are generated from its business
support activities through the subsidiary Metrofile.Metrofile CEO Graham Wackrill says, `The reclassification more accurately
reflects the business activities of the company, following the restructuring of
the former MGX Group.`
`With MIC on board, we have been actively pursuing new markets, particularly inthe parastatal and government sectors.
Our new listing reflects our primary
business, which is the management of paper and electronic records, both on- and
off-site.`
About MetrofileMetrofile, an Empowerdex BBB-rated empowerment company, is the South African
market leader in the management of business documents, and is committed to help
customers reduce costs and improve productivity in processes that are centred on
documents and corporate records.All companies have a combination of paper and electronic documents, and are
forced by law and customer requirements to secure the availability of the
documents for the duration of their lifecycle. For most organisations, the
volume of documents is growing at an exponential rate, and is becomingincreasingly difficult to manage.
Metrofile is uniquely positioned to provide consulting and implementation of
full lifecycle paper and electronic records management solutions from storage
and conversion through to destruction.Contact
Graham Wackrill, Metrofile, (011) 677-3000, grahamw@metrofile.co.za
Nestus Bredenhann, Predictive Communications, (011) 608-1700,
nestus@predictive.co.zaSandton
23 June 2005Date: 23/06/2005 05:20:48 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
