Press Releases
Kemp Little acts for Timestrip Limited on Reverse Takeover and Admission to aIM
February 2005
Kemp Little LLP, the specialist City law firm, advised Timestrip Limited, the label technology venture, on its reverse takeover of cash shell Internet Music & Media, and its subsequent placing and re-admission to AIM.
Partners in the corporate group at Kemp Little LLP advised Timestrip and its founder directors. The acquisition completed on 25th February 2005 and Timestrip Plc was re-admitted to AIM on 28th February.
"The product is basically an inexpensive clock" explained Paul Freedman, joint managing director. "We have launched a commercial product in the food service sector in the UK and this transaction gives us the opportunity to expand rapidly through licensing out the manufacturing and distribution in key markets. Kemp Little's solid advice and steady support over the last few months has been invaluable."
Commenting on the transaction, "We've worked with Paul and Reuben since the early days of Timestrip and it's great to have seen them through to this next stage."
DMH Stallard acted for Internet Music & Media Plc and the nominated advisor was Beaumont Cornish.
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Kemp Little LLP is a specialist City law firm dedicated to commercial, corporate, employment and regulatory legal work for business and technology clients.
The firm's core attributes are:
- transparency in service delivery: the firm launched the first client WIP (work in progress) extranet to enable clients to see real time 'what's on the clock'
- innovation in legal service: Kemp Little is the first UK law firm LLP
- technical excellence: Kemp Little was named Technology Team of the Year at the prestigious Legal Business awards
- an entrepreneurial approach: the practice is the only law firm to be named in Real Business' survey of promising younger businesses, '50 to watch'.
Kemp Little LLP Solicitors, Cheapside House, 138 Cheapside, London, EC2V 6BJ
Tel: +44 (0) 20 7600 8080 Fax: +44 (0) 20 7600 7878
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