strathfield to ring changes

Australian-listed car audio and mobile telephone retailer, Strathfield Group, issearching for new acquisition opportunities. Chairman, Richard Poole, hopes todouble the size of the group's mobile telephone business over the nextthree years and reduce its exposure to car audio equipment. Strathfield hasforecast 2007-08 EBITDA in the range of $A6.2 million to $A6.4 million. At itsrecent half-yearly results announcement, the group revealed that it is carryingno net debt outside of a $A25 million working capital facility with GE Money