Betex Appoints Alexander David Securities Limited as Corporate Financial Adviser
By Betex Group Plc, PRNEMonday, February 8, 2010
LONDON, February 9 - Betex Group plc announces the appointment of London based broking firm,
Alexander David Securities as its Corporate Financial Adviser with immediate
effect. Alexander David Securities has been tasked with supporting Betex in
implementing its corporate growth strategy and identifying options to realise
shareholder value.
Commenting on this development, Jeremy Longley, the Chief Executive of
Betex said: "The Company is on a solid footing and, as evidenced by our
recent entry into the welfare lottery sector in Nanjing, well placed to drive
growth and further investment in our core market. Alexander David Securities
has already been proactive in introducing us to a number of interesting
opportunities and it is now appropriate to formalise our relationship. We
have an exciting year ahead of us and a strong corporate strategy which will
increase shareholder value and liquidity. I am confident that Alexander David
will help us deliver this."
David Scott, Chief Executive of Alexander David Securities, said; "We are
delighted to be working with Betex. We have followed the Company with
interest as we believe that there are extremely exciting opportunities within
the Chinese lottery market. The fact that Betex has recovered successfully
from setbacks that would have forced other businesses to the wall is
testimony to the commitment of its larger shareholders and the strength of
the management team. We look forward to helping the Company achieve its full
potential."
For further information please contact: Jeremy Longley, Chief Executive, Betex Group plc Tel: +44-(0)20-3178-7283 David Scott, Chief Executive, Alexander David Securities Limited Tel: +44(0)20-7448-9830
For further information please contact: Jeremy Longley, Chief Executive, Betex Group plc Tel: +44-(0)20-3178-7283; David Scott, Chief Executive, Alexander David Securities Limited , Tel: +44(0)20-7448-9830
Tags: Betex Group Plc, London, United Kingdom