Being nicely bid...GPS Online trading halt; to make strategic...

Being nicely bid...

GPS Online trading halt; to make strategic investment

10:50, Thursday, 13 October 2005

Sydney - Thursday - October 13: (RWE Australian Business News) -
GPS Online Ltd (ASX code: GPO) was placed in trading halt this morning,
at the request of the company, pending the release of an announcement on
terms, conditions and impact of an acquisition.
The company said it requested the trading halt after receiving
binding heads of agreement whereby GPO will acquire a strategic
investment that will accelerate the expansion of its mining services in
the GPS Online Engineering division.
This transaction would have an immediate positive impact on both
group profitability and free cash flow.
It is subject to conditions, including GPO shareholder approval.
The shares rose 0.1c to 3c yesterday.