STATEMENT ON CPO INCOME

To provide further guidance ahead of Monday's EGM, the Board is issuing the following statement:

"All directors are required to ensure that a company is able to pay its debts as and when they fall due. CPO is no different. Should we continue to have no income after the EGM, we will breach our loan obligations and could then have to cease trading, unless the club chooses to allow the situation to continue. Share sales is the obvious route open to the directors, as we have some 200 applications in hand."