GICE Limited in GBP 110 Million Sterling Cash Injection Underwriting by PATMOS Global Limited and Lords of the Land, Australia

In a major move to consolidate its business direction and plans, effective 10 November 2006 all GICE subsidiaries including GICE Security Ltd will now come under GICE Limited in a GBP 110 million sterling cash injection.

Melbourne, Australia (PRWEB) November 11, 2006 -- In a major move to consolidate its business direction and plans, effective 10 November 2006 all GICE subsidiaries including GICE Security Ltd will now come under GICE Limited. As part of its consolidation exercise PATMOS Global Limited will underwrite this exercise with a cash injection of GBP 55 million Sterling by taking a 8.5 percent stake in GICE Limited, whilst Lords of the Land, Australia will take up another 8.5 percent in cash injections and providing 10 percent in "AAA" collateralised securities in exchange for 10 million shares. In a press announcement by the new Board of Directors of GICE Limited, heading the helm will be Dr. Leonard Melvin Fernando who will take on the new office of President and CEO together with a newly appointed board of directors comprising of individuals from the Board of Trustees from PATMOS Global Limited, Lords of the Land, Australia and GICE Nominees Limited representing a class of instituitional and private investors.

This exercise of consolidation will give GICE Limited the capacity to expand and diversify its core business into several different sectors. With GICE Limited there will be the flagship companies under its stable that will now offer a better spread of products and core businesses.

These entities will now represent Life Sciences and Global Security Solutions coupled with manufacturing and R&D becoming a major contribution to its high growth and wealth creation formula. Under this business plan, GICE Security Ltd and GICE Life Sciences Limited will become the three flagship companies offering a diversified business portfolio.

Its existing subsidiaries and business units will become global marketing channels for a wide range of products. In view of its current growth, GICE Limited is now poised to expand and take its stable of companies towards major IPOs. As the Company is now creating critical mass, the projection of revenue based on its diversified business plan has been validated with a conservative projected revenue of between GBP 45 million to GBP 100 million sterling a year. These analyst based assessments and projections indicate the flagship companies will have the capacity to generate over a five year cycle a revenue of between GBP 300 million to GBP 600 million in worldwide turnover.

GICE Limited as a primary PATMOS Covenant Partner will now be tasked with providing technology to the entire PATMOS Global partners worldwide.

With the recent launch of PATMOS Global Greater China, PATMOS Global Japan, PATMOS Global India and PATMOS Global South East Asia, it will provide basic technology needs in assisting PATMOS build hospitals, schools, wellness centers, healthcare, educational facilities for a captive population base of no less than 13 million PATMOS Global Guardian entities that are now growing in numbers especially in China, India and Japan. This outreach is a result of more than 8 years of perseverance and dedicated commitment done by the President and Founder of the PATMOS Global Vision, Mr. John M. Ngatai.This program will provide employment, financial and commercial opportunities to PATMOS Global Guardians which includes the setting up of Community Banks within the PATMOS Covenant Partnerships.

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