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GRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY") - ARTICLE ENTITLED “GRAND-FLO EYES REGIONAL FIRMS”

GRAND-FLO SOLUTION BERHAD

Type

Reply to query
Reply to Bursa Malaysia's Query Letter - Reference IDMM-070202-53056
SubjectGRAND-FLO SOLUTION BERHAD ("GRAND-FLO" OR "THE COMPANY")
- ARTICLE ENTITLED “GRAND-FLO EYES REGIONAL FIRMS”

Contents :

We refer to Bursa Malaysia Securities Berhad’s letter dated 2 February 2007 in relation to the above article appearing in The Star, Star Biz section, page B5 on 2 February 2007 in particular to the following sentence:


“ ….the company expects a 50% growth in revenue for the financial year ending Dec 31 2007.”

In respect of the above, we wish to clarify that, based on the Company’s internal estimate, the Company expects a 50% growth in revenue for the financial year ending 31 December 2007 due mainly to the full year revenue contribution from its recently acquired subsidiaries, Spritvest Sdn Bhd and Data Centrix Sdn Bhd.

We trust the above clarifies the matter.

This announcement is dated 5 February 2007.

Query Letter Contents :

We refer to the above news articles appearing in The Star, Starbiz section,
page B5, Friday, 2 February 2007, a copy of which is enclosed for your
reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"...the company expects a 50% growth in revenue for the financial year ending
Dec 31."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported article and in particular the
underlined sentence after due and diligent enquiry with all the directors,
major shareholders and all such other persons reasonably familiar with the
matters about which the disclosure is to be made in this respect. In the event
you deny the above sentence or any other part of the above reported article,
you are required to set forth facts sufficient to clarify any misleading
aspects of the same. In the event you confirm the above sentence or any other
part of the above reported article, you are required to set forth facts
sufficient to support the same, including the relevant bases and assumptions in
arriving at the above forecast.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully

TAN YEW ENG
Head, Issuers
Listing Division
Group Regulations
TYE/MZM
c.c. Chung Tin Fah, Securities Commission (via fax)



Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced5 Feb 2007  
CategoryGeneral Announcement
Reference NoCM-070205-53715



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