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ASX Announcements (courtesy of ASX)


ASX, Legal & CGT Status


(updated at weekends)
Former (or subsequent) names
WYTOMIC LIMITED17/03/200406/12/2006
QUADTEL LIMITED25/07/200017/03/2004
QUADTEL NL05/06/200025/07/2000
Shareholder links


Company details

Date first listed: 19/04/1996

shareholders have been unable to claim any capital loss as a liquidator has not been appointed nor a declaration issued


QTL (now Wytomic Limited) announce the arrangements with Original Spin have terminated - the company is now seeking other options


name changed to Wytomic Limited


share consolidation of 1 for 100 has now been completed - from 19 March the ASX Code will change from QTL to WYT


QTL (now Wytomic Limited) announce that the share restructure due to be completed this week has been temporarily delayed - a further announcement will be forthcoming by Wednesday 10 March 2004


lodges annual report


company advises market it has signed an agreement to acquire 100% of Original Spin (International) P/L, a company involved in wireless mobile software applications - the company has raised a $600,000 loan - it proposes to hold an AGM no later than 29 February 2004


this is the situation according to a director - the company has an extension from ASIC until 28 Feb 2004 to hold its AGM - the accounts for 2003 have been audited - a deed of release has been received from the creditors of subsidiaries and the company should shortly be a "clean shell" - the intention is to back list a mobile phone technology company into Quadtel and to seek a relisting (hopefully by Feb 04) - money is to be raised and a prospectus will be issued - an AGM is planned for early Feb and an announcement to the market should be made next week to apprise shareholders of the above


company appoints Claymore Capital P/L to provide corporate advice and strategic direction to the company


seeking update


the company has not paid its annual listing fee - it will be removed from the official list on 1 September 2003 if it does not pay the fee by Friday Aug 29


the two trading subsidiaries were placed into liquidation today


a director of the company confirms that the assets of one of the subsidiaries have been sold to Phoenix IT - directors are endeavouring to sell equity in a China-based company, have signed an MOU with a local company and are investigating opportunities with another company - in spite of claims against Quadtel by its subsidiaries the directors are confident the company will return to quotation within months - shareholders and the market will be notified of developments within a couple of weeks


called the company seeking an update and were told that it has been taken over by Phoenix IT - quite astonishing if that is the case as there has been no notification to the market (the company is still listed and was only suspended from quotation on 14 May) - we are seeking clarification from a director


administrators are continuing to trade the subsidiaries and seeking expressions of interest from parties who may wish to buy them as going concerns - a creditors meeting is scheduled for on or about 11 June - realistically that is probably the earliest date for making an assessment of any prospects of a return to shareholders


Not delisted - shares suspended from quotation - announcements can still be seen at


securities suspended from quotation following the appointment of G Woodgate of Woodgate & Co as voluntary administrator to the two operating subsidiaries of the company, Marketing Results Pty Limited and Quadtel International Pty Limited - shareholders are also advised that these subsidiary companies were the major contributors to Quadtel revenues over the previous and current financial years and that an investment and supply contract held by Quadtel Limited has contributed less than 5% of revenues over the same time frame


trading halt (how could that be, given all the positive noise coming from the company over the past two months!)


company announces "exciting ground floor opportunity in growing alternative energy markets" in signing an MOU with TEAP International Inc with a view to an equity investment and securing global distribution rights for TEAP's Phase Change Material (PCM) products with applications within the global telecommunications market


company reports that "as demonstrated in February this strategy is delivering positive results to Quadtel and through our exit from the low margin/high revenue side of distribution, we have been able to further decrease or operating costs whilst achieve a higher overall margin than was achieved in the previous quarters for the current FY"


company is pleased to advise shareholders that following on from cost reduction initiatives and re-focussing sales efforts on higher profit margin products it was able to achieve a profit in the month of February - that completes the first phase of re-structuring of the company


name changed from Quadtel NL

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