Executive Summary
The Directors have examined a number of prospective investment opportunities in Croatia but have failed to identify a suitable opportunity for the Company which the Directors believe can be sensibly financed. In the meantime, the Directors are being approached with UK based business opportunities in the general engineering and industrial sectors, which need to be examined in more detail but which, your Board believes, may be opportunities with the potential for building a profitable group. In the interests of establishing and enhancing shareholder value, the Board has concluded that a change in the Company's investment strategy is appropriate. The Board believes that investment opportunities exist in the European industrial and engineering sectors and has appointed directors with considerable experience in these sectors effectively to assess these opportunities.
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