As supplementary information to the financial statement bulletin published yesterday, we confirm the following in respect of the sufficiency of the company's available funds:
The Group's cash flow turned positive in the last quarter of the past financial year. On 25 February 2003 the company's liquid funds totalled EUR 4.9 million. In addition, the company has a valid EUR 6.1 million credit facility granted by a financial institution, of which on 25 February, EUR 2.4 million was uncommitted. The company estimates that the available funds will suffice at least for the next 12 months in accordance with the liquidity plan drawn up by the company.
INCAP CORPORATION
Board of Directors
Seppo Ropponen
President and CEO
For additional information, contact:
Seppo Ropponen, President and CEO, tel. +358 44 270 3021
Rauni Nokela, Chief Financial Officer, tel. +358 400 383 409