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Dmatek confirms bid discussions

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Date: Tuesday 07 Oct 2008

LONDON (ShareCast) - Electronic tagging group Dmatek has confirmed it is in discussions over a potential offer for the company by LMS Capital.

"Dmatek confirms that it is in discussions with LMS regarding such potential offer. There can be no assurance that any offer or transaction will eventually be made," it said in a statement.

Last week, Dmatek estimated it would receive between $22m and $26m in revenue from two new state-level contract wins in the US over the next five years.

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