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1348 [Dow Jones] Evans & Tate (ETW.AU) down 11% at 62 cents, after earlier
record low 61 cents, continues plunge in wake of rival Xanadu's (XAN.AU) debt
driven asset selldown plans announced Monday that generated suspension of
trading. ETW denies rumors in Sun Herald that it has appointed Korda Mentha as
administrators or is facing pressure from bankers ANZ (ANZ.AU) to do so. While
domestic grape glut, high inventory and debt levels remain issues, and
relatively high AUD works against export market for premium wines, broker says
ETW may have case for legal action should rumors prove unfounded. (WEL)

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(END) Dow Jones Newswires
22-06-05 0348GMT(AP-DJ-06-22-05 0348GMT)