Intervid shareholders will know early next month how far the company`s restructuring has progressed and what effect lower than expected sales has had on the bottom line.
Intervid, which lost its CEO and two directors in April, reported recently that it had appointed independent consultancy Strategy Partners to help caretaker CEO Mark Taylor to assess various alternatives for the company.
Former CEO Rob le Sueur was removed as a director due to differences of opinion with the board on Intervid`s direction.
A decision was subsequently taken to restructure Intervid into two separate businesses - a regional systems integrator and a technology business focusing on integrated solutions for electronic security and business process monitoring.
The company has issued a further cautionary notice saying that it is still in talks with principal loan creditor RFS Holdings regarding the possible restructure of the terms and conditions of a compulsory convertible loan advanced to Intervid International.
It says the effect of the lower than expected sales will be reflected in the results for the year to 30 June, which are scheduled for release on 8 September.
The Intervid share price was unchanged at 70c on the JSE by midmorning today.
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