iiNet suspension continues into 4th week

iiNet today confirmed to the market its continued suspension from trading on the Australian Stock Exchange - now into its fourth week - and with no immediate knowledge of when it will resume trading. It also made some executive and consulting appointments.

The pioneer Western Australian ISP said that it remained in voluntary suspension from trading while it continued to work towards reporting a revised EBITDA guidance for the 2006 financial year.

In other news today, the company announced that chairman Peter Harley had taken on the role of executive chairman. He will act as an executive within the business for as long as required.


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iiNet (IIN)

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