Purpose
This offer is a strategic initiative undertaken by the
company to enable it optimize its potential growth prospects.

The net proceeds of N168,924,000 after deducting estimated offer expenses on N2,572,000 representing 1.5% of the total proceeds will be used as follows:

Working Capital                         160,479,000           93.5%
Information Technology              1,689,000               1%
Advert & Publicity                        1,689,000              1%
Human Capital Development        1,689,000               1%
Fixed Assets                               3,378,000              2%

Offer Price
New Subscribers @ N1.25 Per Share 1 for 2 Rights Issue for Existing Shareholders @ N1.10 Per Share

Payment
Payable in full on Application

Minimum Subscription
Application must be for a minimum of 200,000 Ordinary shares of N1.00 each and in multiples of 20,000 ordinary shares thereafter.

Opening Date
Monday, 01 September, 2008

Closing Date
Thursday, 30 October, 2008

Allotment
Allotment would be done at the sole discretion of
the Directors of the Company and may be on a “first
come, first serve” basis.