LEADCOM REPORTS ON GENERAL MEETING OF DEBENTURE HOLDERS


 
TIDMLEAD




  LEADCOM REPORTS ON GENERAL MEETING OFDEBENTURE HOLDERS




  June 25, 2009, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM: LEAD), followingthe Company's announcement on June 8 2009, the Company announces that yesterday, June 24 2009, the Company held a general meeting ("Meeting") of holders of its debentures (Series A). The purpose of the meeting was for management to provide the debenture holders with an update on the business.




  The debenture holders proposed to appoint a representative body, and a decision with regards to their proposal will be taken in the coming days.




  During the Meeting, the Company's CEO, Mr. Alcalay, referring to participants' questions, said that taking into account current conditions, the Company intends to repay its obligations in a timely manner, including the upcoming periodic repayment due to debenture holders on July 15 2009. Mr. Alcalay said that he is of the opinion that the Company's Q2/2009 cash flow from operations is expected to be positive, that significant improvement occurred lately in the Company's collection of debts from clients in India and Africa and, accordingly, a decrease in the client receivables is expected in the Q2/2009 accounts.




  Enquiries:




  Ron Belkine - LeadcomGeneral Counsel & Company SecretaryTel: +972 9 7690120




  Andrew Godber - Panmure GordonTel: +44 (0) 20 7614 8385




  About Leadcom




  Leadcom was established in 1982, and is an international leader in innovative telecommunications solutions. Incorporated in Israel, Leadcom was admitted to London's AIM market in April 2005 and has been listed on the TASE since December 2008.




  Partnering with global operators and equipment vendors via its activities in over 30 countries throughout the Americas, Europe, Africa and Asia, Leadcom delivers services in the supply, implementation and management of telecommunications network services and solutions.




  For further information visit www.leadcom-is.com.




  Statements made in this press release that are not historical facts, including with respect to the Company's expected revenues and back log are forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions about the Company and the matters covered in this press release. You should not place undue reliance on these statements. Actual events or results may differ materially from the Company's expectations. The forward-looking statements are made as of this date and the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as may otherwise be required by applicable law. There is no assurance the Company will increase or even maintain its current level of revenues and profitability.

Leadcom Integrated Solutions (LSE:LEAD)
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