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Devonhill Technology Partners announce plans to seek UK Listing

(November 03, 2011)
Devonhill Technology Partners announce plans to seek UK Listing

Devonhill Technology Partners announced today that the company will immediately begin efforts to list the company in the UK public markets. As part of those efforts, the company will not attempt to maintain its current listing in the Frankfurt Stock Exchange. The company cites the lack of institutional support in the current market as one of the key reasons to committing to seek a UK listing. The company intends to pursue all opportunities that will provide the listing of the companys shares either by the end of 2011 or early first quarter 2012.

Devonhill Managing Director, Richard Iamunno stated The decision not to continue our current listing on the Frankfurt Stock Exchange and the move to the UK public markets was based upon managements belief that it is in the best interests of our shareholders to move to a market that is more suited to our current capital structure. We feel that the existing company capital structure is best suited for the UK public markets and that changing market conditions are now more favourable for a UK PLC to find capital market support in the UK than currently available in Germany.

The company will explore all its UK listing options including both the AIM and PLUS Markets; either for direct listing or merger with a strong commitment to maintaining current shareholder equity positions while increasing shareholder value. The company will make further announcements as it gets closer to finalizing a listing path”

About Devonhill Technology Partners plc

Devonhill Technology Partners Plc is a technology investment holding company based in London. The Company markets IP for commercialization purposes and seeks to acquire or provide strategic investments into technology companies in the communications sector on a global basis. Wasp Mobile is the lead investment for the company in the communication sector. Devonhills shares are listed on the Frankfurt Stock Exchange.

About WASP Mobile

WASP works with software to businesses or brands seeking to digitize and mobilize their marketing campaigns. Using our proprietary technology and turnkey solutions, we make every facet of building or improving on a campaign relevant to current consumer trends. WASP clients choose from a suite of services that effectively entails all facets under the mobile umbrella including: SMS text messaging. Bluetooth /Proximity Marketing, and Mobile Web, Mobile Applications and a strong emphasis on video streaming. The company's SMS platform offers customers the ability to run marketing and billing campaigns through many of the leading wireless providers in North America including Verizon, AT&T and Sprint. Its mobile application development platform enables WASP to build applications for multiple Smartphone platforms including iPhone, Android, Windows, BREW and Ovi (Nokia). Wasp is headquartered in Boca Raton, FL with offices in Hyderabad, India. WASP is a subsidiary of Devonhill Technology Partners, Plc.

For further information about Devonhill Technology Partners plc please refer to the companys website

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