Aspartus is an OFEX Investment Vehicle set up principally to invest in companies operating in the European environmental protection market.
The management believe that there are a number of private companies operating in this market sector that have considerable potential for growth if financed on a structurally sound basis and will look to make a reverse acquisition or
investments in due course.
Effective protection of the environment requires activity on many different fronts - from businesses designed to limit global environmental threats such as global warming, to safeguarding individuals from poor air quality.
The directors believe that present and future legislation will encourage businesses to address these new opportunities and to participate therein.
The investment criteria are to acquire interests in companies in the European environmental protection market, which have a product/service with growth potential and potential to be profitable and/or have significant asset values. The management should have a proven track record and the owners should accept a significant part of any acquisition consideration in new Ordinary Shares or other securities issued by Aspartus.
Aspartus has already made it's first 'green' investment by purchasing 2.7m shares in AIM quoted KleenAir Systems which was successfully floated in March 2006.