Begbies Traynor - Carl Freer Buys the IPR Assets of Gizmondo Europe Ltd in Liquidation

Carl Freer (photo by Hans Sandberg)Store this angel in big sizeAn acceding has been accomplished amid the collective liquidators of Gizmondo Europe Ltd in Liquidation and one of the company's ex Directors, Mr Carl Freer.

London: The collective liquidators of Gizmondo Europe Ltd (in liquidation) afresh appear that, afterward all-encompassing enquiries and negotiations, they accept entered into an acceding with one of the ex-directors of the company, Mr Carl Freer.

Much time and accomplishment has been spent on award a resolution in affiliation to Mr Carl Freer and the IPR Assets of Gizmondo Europe Ltd – in liquidation.

"The connected co-operation afforded us by Mr Freer will accredit the liquidators to balance a abundant sum for the accepted anatomy of creditors. Furthermore, Mr Freer’s connected abetment will abate the all-embracing acknowledgment of the company.

"We accept advised the commerciality and activity of affairs the IPR Assets to Mr Carl Freer and feel that in all the affairs we accept accomplished the best accessible aftereffect on account of the creditors," said PM Davis of Begbies Traynor, one of the Joint Liquidators.

Much plan has been done by Mr Freer and the liquidators in award means to bare amount and adjustment the asleep operations of the company. According to Mr Freer "the shareholders of Tiger Telematics will now be able to advance on the re-introduction of the Gizmondo into the market."

"The agreement of the acceding abide confidential; however, we can admonish that a abundant transaction has already been fabricated for the acquirement by Mr. Carl Freer of the company’s IPR Assets.

"We ambition Mr Carl Freer every success with his affairs to re-establish the Gizmondo in the aggrandized absoluteness ambiance which will accompany the ability of television, the accurateness and accountability of absolute mail and the interactivity of the Gizmondo to a all-around audience," connected Davis.

A archetype of PM Davis’s letter, anachronous 7 April 2008, can be apparent here: www.sharenow.com/base/content/9171/

Gizmondo Europe is a handheld gaming animate aggregation that went into defalcation in February 2006.

Paul Davis
Partner
Begbies Traynor
32 Cornhill
London
EC3V 3BT

0207 398 3800.
london@begbies-traynor.com
www.begbies-traynor.com

About Begbies Traynor
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