Skip to content

EIS Termination of Business Sale Agreement by OzEmail

Document date:  Fri 02 Jun 2000
Published:  Fri 02 Jun 2000 00:00:00
Document No:  209795
Document part:  A
Market Flag:  N
Classification: 

EISA LIMITED                                  2000-06-02  ASX-SIGNAL-G

HOMEX - Sydney                                                        

+++++++++++++++++++++++++
Earlier today, eisa Limited announced that it had received written
notification from OzEmail Pty Limited that it purports to terminate
the Business Sale Agreement made on 10 March, 2000 between UUNET
Technologies, Inc, OzEmail Pty Limited, eisa0z Pty Limited and eisa
Limited with immediate effect.

Following 0
that announcement, Hastings Funds Management Limited and
ANZ have confirmed that their investment in eisa was dependent upon
completion of the OzEmail Internet acquisition by eisa. The Directors
of eisa wish to express their thanks to Hastings Funds Management
Limited, f2 Limited and ANZ for their support to eisa in seeking to
create a leading Internet company in the Asia Pacific region.

The Directors of eisa confirm that the business of eisa,
incorporating its National Inte0
rnet Service Provider network,
including Dynamite in Canberra, Topend in Darwin and Internet North
in Cairns, is continuing its operations.

Mr Evan Rees, Acting Chairman of eisa, said "the action taken by
OzEmail was disappointing. However, we have a large customer base to
serve and we shall continue to serve those customers with focus and
attention."

For further information:

Mr Damien Brady 
CHIEF EXECUTIVE OFFICER 
Phone: 02 8923 7406


                                  1