Brief: RIT Technologies updates on current business situation

Rit Technologies

10/05/2016 12:41

May 10 (Reuters) - Rit Technologies Ltd  RITT.O  : 
    * Due to financial difficulties company is facing, Israel 
Frieder has resigned from Rit's board of directors 
    * Due to recent resignations, company's board of directors 
is currently comprised of two directors 
    * No progress in collection of RIT CIS overdue debts was 
achieved up to now 
    * "we continue to look for external financing solutions 
including potential m&a" 
    * Requested loan amount of $US 3 million under terms of loan 
agreement between rit and stins coman, was not fulfilled up to 
now 
    * Rit technologies updates on current business situation 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nPn7wSgt9a 
Further company coverage:  RITT.O  
 
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