up 100% yesterday, sellers very thin

This stock rose 100% yesterday after this ann and sellers are extremely scarce today. Does anyone know whats going on here?

ABN 62009423189
28 October 2004
Australian Stock Exchange
By ASX Online
ACQUISITION OF NORWOOD SYSTEMS
EURAUST has today acquired the business and assets of Norwood Systems both in
Australia and London. Norwood Systems commenced operation in 2000 and is at the
leading edge of Bluetooth Fixed-Mobile Convergence (FMC)
Norwood Systems’ EnterpriseMobility® platform enables a mobile phone to act as
both a mobile and a wireless office extension. When end users are out of the office,
their phone uses the GSM network and when they return, the handset becomes a
seamless, wireless extension of the office phone network (PBX), thereby offering
telecoms operators a key value added solution for enterprises which will bring
convenience, better in-office coverage and lower overall costs. Norwood’s partners
include Alcatel and Motorola.
By merging with Euraust, Norwood makes the transition from privately held to public
company.
“In this rapidly expanding fixed-mobile convergence market, a publicly listed company
provides a structure better suited to capitalise upon the growing opportunities for
EnterpriseMobility,” commented John Parselle, Norwood Systems’ Managing Director.
“This is good for the market, the business and the employees.”
Michael O'Donnell, Euraust’s Chairman said: “Australia has always been at the
forefront of communications excellence. With research and development in Perth,
global sales and delivery in Europe and a rapidly expanding customer base, Norwood
exactly fits Euraust’s ideal acquisition profile.
Euraust Limited · Office: BGC Centre · Mezzanine Floor · 28 The Esplanade · Perth, 6000 · Western Australia
Telephone: +61 8 9481 1525 · Facsimile: +61 8 9481 2394 · [email protected] · http://www.euraust.com

ABN 62009423189
The company has now arrived at a position where it is delivering product to major
carriers throughout the world and envisages that the next 12 months will see a marked
increase in revenue and sales.
Having now successfully launched and marketed its Bluetooth range of products the
company intends to develop Wi-Fi enabled systems.
Euraust will finance the initial acquisition cost of £200,000 from its existing resources.
The purchase price includes all of the intellectual property and other assets of
Norwood both in Australia and in the United Kingdom.
Norwood has offices in Richmond UK, Australia and in the United States.
Further information can be found at the website of the business:
www.norwoodsystems.com
Michael O’Donnell
Chairman
Euraust Ltd
Euraust Limited · Office: BGC Centre · Mezzanine Floor · 28 The Esplanade · Perth, 6000 · Western Australia
Telephone: +61 8 9481 1525 · Facsimile: +61 8 9481 2394 · [email protected] · http://www.euraust.com