Disposal
July 14 2003 - 5:35AM
UK Regulatory
RNS Number:5049N
Sportech PLC
14 July 2003
Sportech Announces $1.5m Disposal of Patent Portfolio
Sportech PLC ("Sportech") announces the disposal of its non-core technology
patents portfolio for a total consideration of $1.5m. The Rodime patents concern
data storage technology and are unrelated to the core Littlewoods Gaming
business.
Colin McGill, Managing Director, Sportech plc, said:
"We are pleased to announce the successful realisation of value from these
non-core assets. We continue to focus our efforts on driving our core business,
Littlewoods Gaming, forward through the development of new products and channels
to market, further strengthening our position as the UK's leading home gaming
company. "
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Enquiries:
Suzanne Judge, Corporate Communication, Sportech PLC 0151 288 3059
Charles Reynolds / Charlotte Kirkham
Bell Pottinger Financial 020 7861 3232
About Sportech:
Sportech PLC provides a variety of betting and gaming opportunities to customers
through Littlewoods Gaming, its wholly owned portfolio of betting and gaming
brands. Sportech is developing its business through the utilisation of new
channels of distribution to bring more games to more players in the home,
capitalising on the strength of the Littlewoods brand, namely its association
with the values of trust and integrity.
This information is provided by RNS
The company news service from the London Stock Exchange
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