Forum Archive Index - November 2000

["Geoff Ewert" <gewert@wai.quik.co.nz>]

Hi Chatters

Got this in the mail ,Reuhman & co are the brokers handling it.

I recall some discussion about this a little while ago.

Do we have any opinions as to it's "flavor"?

Cheers G

 

 

The Confidentiality Deed required to proceed further with this
investment This investment is suitable for consideration by investors looking for
an exposure to an established technology company, as part of the risk
portion of your portfolio.

Cadmus, an offshoot of Heritage Gold is planning to list on the NZSE
later this month after finalising a placement of shares at $0.20 to
sophisticated investors.

Prior to listing Cadmus will acquire Insight Data Limited, which has
recently announced several major joint ventures.One of these is with
TrustPower Limited (The Australian Gas Light Co. is a significant
shareholder) to produce and instal a full function eftpos and credit
card home payment system under a 50/50 joint venture company called
PosPower Limited. This is believed to be a world first and gives
TrustPower enormous advantages in expanding its customer base in NZ. The
same technology can be applied in Australian and overseas utility
markets and for a variety of other businesses. The joint venture company
and Insight Data Limited hold patents for the technology.

Other joint ventures have been established with:
* E-Phone Limited for recharge of phone cards and installation of
payment technology, and
* E-Smart Card Technologies Limited to provide an internet based
procurement/fulfilment system at 700 New Zealand sites.

Cadmus Technology Limited is finalising a placement of 30m ordinary
shares at NZ 20cps to professional ('sophisticated') investors prior to
listing on the NZSE.

Further information on the Company is available at:

http://stockbroker.co.nz/index.php?N=51