A recent business rescue plan entered into by the Waterfront Studios / Condor Group, which entailed the possible rehabilitation of a company that is financially stressed by providing for temporary supervision of the company and management of its affairs, was considered un-workable and the group has gone into provisional liquidation.
It does, however, continue to provide professional services to all customer segments and is focusing all its energies on determining the viability of entering into partnerships with new investors and interested parties.
A further announcement of progress in this regard will be made in due course.
