LONDON (ShareCast) - Timestrip, which makes disposable labels that monitor lapsed time, said it requires further funding to meet its objective.

The group said despite some material contract wins it has not generated the immediate cash flows that had been hoped for.

"The company, as at end of March 2008, had cash resources of £0.44 million which taking into account various capital expenditure commitments provides funding for the current operations of the business until the end of May 2008," said the group.

It added that it has actively began a process of arranging an equity placing, which is likely to be at a discount to the current price and is planned for completion early May 2008.

Software solutions provider Alphameric said it is confident that it can achieve an ‘acceptable performance’ for the full year.

The group's financial performance is weighted towards the end of each six month trading period and particularly so at the year end, the group added.

Innobox said trading in its shares has been suspended due to the resignation of its nominated adviser, Hanson Westhouse.

The group said it is seeking to appoint a new nominated adviser in conjunction with their search for a reverse takeover opportunity, adding that it is in discussions with a number of parties in connection with such a transaction.

Shares in Neville Porter have also been suspended following continued poor trading conditions and pending further clarification of the on-course bookmaker’s financial position.

Publishing and events firm Tarsus said the current year has begun well with the group's trading performance from 1 January 2008 to 16 April 2008 up to the board’s expectations.

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