re: party on pracom ***********
If PCO reneg, STR will have no option to Take over PCO, this will be a beauty, start buying up , this will be intresting,
The acquisition is expected to make a positive contribution to earnings from the planned completion date of 28thFebruary 2005. Completion is subject to certain conditions precedent, including approval by Pracom's shareholders and financiers, and assignment of all material contracts. The businesses of Pracom are complimentary to Service Stream, generating annual expected revenues and EBITDA exceeding $40m and $3m respectively. The businesses provide installation, maintenance, technology and outsource services to tier one customers predominantly in the telecommunications industry, covering customer assistance, field force management and technical service and support
