Published: 21 July 2005 Plus SMS Holdings Ltd chairman Jim Bracknell said today its subsidiary, Plus SMS Ltd, which is based in the Isle of Man, has signed an agreement with Telecom NZ Ltd for the exclusive use of its number ranges for distribution of SMS & MMS messages worldwide. SMS & MMS messages will […]
Read more →RetailX
RetailX heads off to txtmsg future as Plus SMS
Published: 3 July 2005 A gathering of just 13 people round a meeting-room table off the foyer of Auckland’s Quay West all-suites hotel on Friday authorised the switch of collapsed retail franchise manager RetailX Ltd into the ownership of an SMS (short message service) business. The company will stay listed on the NZAX, which is […]
Read more →Transition of RetailX continues
Published: 5 May 2005 Takeover of the collapsed retailing franchise management group RetailX Ltd is on target for an early-June approval meeting. The directors of RetailX said today all conditions relating to due diligence had been satisfied and a formal share sales deed signed, conditional only on RTX shareholder approval. A special shareholder meeting […]
Read more →Irvine replaces Taylor at RetailX
Published: 16 April 2005 Mark Taylor’s short & sorry time as a listed company director has come to an end, as the son of Christchurch franchising exponent Colin Taylor bowed out of RetailX Ltd yesterday. As Mark Taylor resigned from its board, he was replaced by lawyer & professional director Jock Irvine, who is also […]
Read more →RetailX fined $10,000 for slow disclosure
Published: 14 April 2005 NZX Ltd fined RetailX Ltd $10,000 yesterday for breaching the NZAX rules by not disclosing soon enough that it would be affected by the receivership of The Building Depot retail chain last September. A RetailX subsidiary held a management contract over the Building Depot chain, which accounted for 45% of the […]
Read more →Reverse takeover for RetailX
Published: 8 March 2005 Listed shell company RetailX Ltd, which collapsed as a retail franchise holder last year, will be subjected to a reverse takeover by SMS & MMS message delivery company Plus SMS Ltd, under a conditional heads of agreement announced today. RetailX will issue 240 million shares at 5c/share to satisfy the purchase, […]
Read more →RetailX files report
Update: 9 February 2005 RetailX Ltd’s suspension from trading for not filing its half-year report was brief – from Tuesday 8 February until the market opens on Thursday 10 February. The troubled company filed its report today. Original story: RetailX suspended Published: 8 February 2005 Troubled franchise manager RetailX Ltd had its […]
Read more →RetailX faces suspension
Published: 2 February 2005 Troubled retail franchise company RetailX Ltd has been given until the close of business on Monday 7 February to file its September 2004 half-year report or face suspension from share trading. NZX requires September reports to be filed by 31 January. Earlier stories: 20 January 2005: Brett Wilkinson props up RetailX […]
Read more →Brett Wilkinson props up RetailX
Published: 20 January 2005 Sharebroker Brett Wilkinson has put up $30,000 in equity to help troubled listed franchise manager RetailX Ltd to meet its obligations to its creditors. His 600,000 shares give him 19.31% of the company. Mr Wilkinson, a senior investor advisor at Direct Broking Ltd, said it wasn’t a normal role for him but […]
Read more →RetailX reports loss as talks on future continue
RetailX Ltd managing director Mark Taylor said on Wednesday the company should be able to make a more definitive statement about its future within 2 weeks. RetailX, listed on NZX’s alternative exchange, collapsed when receivers were called into The Building Depot, on which it had a management contract. Its other main source of income was […]
Read more →Retail Services to be wound up, RetailX to stay listed & be sold
Retail Services Ltd, a subsidiary of listed company RetailX Ltd, said today it had stopped providing management services to Stirling Sports Franchises Ltd & associated stores. After the company’s announcement, NZX lifted the trading halt on its shares. Retail Services had already stopped receiving management fees from The Building Depot Ltd after receivers were appointed […]
Read more →RetailX directors say company should stop trading
RetailX Ltd’s directors said today their preliminary view in the wake of The Building Depot Ltd receivership was that the listed RetailX & its subsidiary, Retail Services Ltd, should stop trading. NZX Regulations responded by halting trading in RetailX shares for the last 75 minutes or so of Friday trading. The directors said RetailX’s financial […]
Read more →RetailX postpones agm because of Building depot receivership
RetailX Ltd said on 21 September it would postpone its annual meeting, scheduled for Wednesday 29 September because of the Building Depot receivership. The listed company said it wasn’t yet clear what the full impact of the receivership on RetailX would be. A new annual meeting date will be announced soon. ANZ National Bank Ltd […]
Read more →RetailX trading suspension over, but future still fuzzy
The NZX lifted the trading halt it imposed on RetailX Ltd shares last Thursday, after getting a fairly vague statement today from RetailX about the impact of the Building Depot receivership. ANZ National Bank Ltd called Rod Pardington & Grant Jarrold (Deloitte) in as receivers on Wednesday 8 September. RetailX (Mark Taylor) told the exchange […]
Read more →