Oxbridge Online has delivered its annual report to the JSE in the nick of time. The company had been threatened with share suspension if the report had not been received by close of trade yesterday.
A JSE spokesman says the report was received late yesterday morning and the share will remain in trade. A listed company has six months from the time of financial year-end results to submit its annual report to the JSE.
"[Oxbridge Online] is well positioned to benefit from meaningful financial gains in the forthcoming period," says the Internet company, which announced its new board yesterday. The Oxbridge MotorShow Web site (http://www.motorshow.co.za) is the company`s primary business venture.
Oxbridge Online has established itself as an information hub for the motoring industry with a database of motoring information. The company uses this information as the content of a financial system, SmartCar, which has been patented in SA and the US.
The site provides solutions for car buyers by giving them information on new cars, including a comprehensive appreciation of the full costs of ownership and perks tax calculations. This technology is now being marketed abroad where Oxbridge Online says it remains unique among foreign motoring sites.
Share