DVT is very strong and profitable re: Big day outThe company has recovered and is profitable and now it is merging with another company that is also profitable.
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DVT shareholder meeting 19 July anticipated.
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+++++++++++++++++++++++++
The Boards of Utility Services Corporation Limited ("USC") and DVT
Holdings Limited ("DVT") have announced plans to merge the two
companies.
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Features of the merged company would include:
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* A cohesive strategy in technology solutions for the utilities
market and e-business;
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* A strong management team;
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* Budgeted annual turnover in excess of $150 million;
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* Strong profitability;
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* Cash and convertible notes in excess of $40 million;
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* No bank debt;
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* Expected dividends of at least 4 cents per share per annum (post
reconstruction);
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* Approximately 125 million shares on issue (post reconstruction);
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