Belize City, Belize, 22 May 2008 – Shellshock Limited (LondonAIM: SHOK) (“Shellshock” or the “Company”) reported net profit of ₤39,000 for the period 1 March 2006 (date of incorporation) to 31 March 2008, its first reported yearend since becoming listed on AIM in October 2007. Basic and diluted earnings per ordinary share for the period ended 31 March 2008 amounted to 0.65 pence.
Before 13 September 2007 the Company was inactive. On 13 September 2007, the Company issued 5,999,999 ordinary shares to its then parent company for a total consideration of ₤3.0 million. These funds were immediately invested in a UK sterling term deposit earning interest at market rates.
Further details are set out in the Company’s AIM Admission document dated 4 October 2007.
The Company continues its search for investment opportunities in line with its stated strategy which includes possible investment in either one or or unquoted businesses that may have been set up by entrepreneurs with good strategic plans and need financial backing and the more quoted support experienced Shellshock management team.
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