Cyberhost share has been suspended on the JSE at the request of the company`s directors. The firm`s year-end results to December were expected this month.
Cyberhost announced a new board in March last year as well as a rescue plan for the company which was in danger of ceasing operations altogether.
This was the third time the company had appointed a new board and initiated a change in focus.
Cyberhost`s results for the six months to 30 June 2001 showed a headline loss of 1.44c per share after the company had been on an acquisition trail, leaving it with a number of small Internet service provider companies which were never integrated.
The new board then tried to shift the flailing company`s focus in an effort to bring it back to profitability.
Cyberhost now focuses on value-added IT services, and says its key strengths are in the financial services, employee benefits and e-commerce areas.
The new board achieved a measure of success and MD Mark Weetman told ITWeb in October that a small profit had been achieved.
The share was suspended at 1c with a 12-month high of 4c.
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