1PM - WEDNESDAY 8TH NOVEMBER 2006
THE BOARD REGRETS TO INFORM ITS MEMBERS THAT DUE TO ITS DIRE FINANCIAL POSITION IT HAS TODAY STOPPED TRADING AND CALLED IN BEGBIES TRAYNOR (CORPORATE RESCUE AND RECOVERY) TO ADVISE ON THE LIQUIDATION OF KARATE ENGLAND (2005) LIMITED. WE WILL DO ALL WE CAN TO MITIGATE THE EFFECT OF THIS SITUATION ON MEMBER ASSOCIATIONS AND THEIR MEMBERS AND WILL MAKE A FURTHER ANNOUNCEMENT SOON.
THE BOARD
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