Investment from ex-CEO of Cable & Wireless - Tony Rice

10 June 2015

The rapidly expanding Telecoms Managed Services Provider, Shields Environmental, completed an investment today from Tony Rice, ex CEO of Cable & Wireless. The investment is to back their fast expanding services business. Senior management are also investing and backing the growth plan.

(http://www.bloomberg.com/research/stocks/people/person.asp?personId=4437293&ticker=CWC:LN)

Daniel Jones, CEO quoted, “Our pipeline of business has grown substantially over the last year and this investment will help us to capitalise on these opportunities as will Tony's experience and contacts in the telecoms sector. The evolution of the market and the complex and diverse nature of network equipment has created a need for an independent solution covering all aspects of an operators network and Shields is perfectly placed to satisfy that need. I'm looking forward to leading the Company in this fast-changing and high potential market".

Tony Rice stated "I'm delighted to become Chairman of Shields and investing in a business that has a product range and capability that can provide operators with a unique, end to end capability ranging from spares management and inventory dimensioning right through to asset management and software. We are well placed to work with telecom operators to improve their network and cost efficiency in markets, most of which are fully penetrated and mature.”

Gordon Shields remains a significant shareholder and Board member. Gordon stated; “Shields Environmental has served the needs of the telecoms sector and the Environment for 35 years achieving a great reputation for excellence, I am delighted that Tony is joining the Board as Chairman and believe this will help to ensure at least a further 35 years of success.”