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Hilbroy Advisory: UK businesses fear collapse of £1.5bn trade links with Libya
Hilbroy Advisory: UK businesses fear collapse of £1.5bn trade links with Libya
All our Libyan business contacts keep talking about the need to provide jobs and infrastructure for the people.
Montreal,
Quebec,
Canada
(prbd.net)
28/02/2011
Montreal, Quebec, February 25, 2011– Hilbroy Advisory Inc. (DeutcheBörse: 2H0) Hilbroy Advisory Reports : The collapse of the Gaddafi regime will set back British trade links by a decade and slow down Libya's economic reconstruction, claim business leaders with ties to the country.
Although the businessmen do not condone the repressive regime, they do fear that it is inevitable that trade progress made since the turn of the millennium will be reversed. Libya started liberalising its economy in the late 1990s, and its return to the international fold was cemented when Tony Blair met Colonel Muammar Gaddafi in early 2004. Britain-Libya trade is now worth £1.5bn, of which the largest part is oil imported from the North African state.
Harry Legge-Bourke, director of specialist and heavy equipment provider Blaythorne, was leading a five-company consortium that was preparing to build a factory in Libya and has dealt with the country for nearly 10 years. He said: "It seems that there is going to be a power vacuum in the coming months. Companies had to deal with [Libyan] businesses that are from the Gaddafi tribal leadership.
"A number of companies, including us, will have to sit and wait to see who establish themselves, and then we're going to have to start from scratch, go back to square one. All our Libyan business contacts keep talking about the need to provide jobs and infrastructure for the people."
Oliver Miles, the former British ambassador to Libya who withdrew the British embassy from Tripoli following the 1984 shooting of PC Yvonne Fletcher, is now deputy chairman of the Libyan British Business Council.
US President Barack Obama has already announced sanctions against the regime, freezing the assets of Col Gaddafi and his four children. The Treasury has set up a special unit to trace and freeze the regime's estimated £20bn in the UK.
About Hilbroy Advisory Inc.
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
Our specialists will customize a service package that includes reviewing, identifying and recommending a series of specific action and tasks that help their clients’ management decisions when seeking
• Go Public strategy,
• Debt and or equity financing
• Identify prospective investors
• Hire investor relations firm
• Cross listing decisions
• Planning road-shows and promotional campaigns.
Hilbroy Advisory has established numerous international relationships over the years with Broker Dealers, Hedge Funds, Institutional Investors, High net worth Investors as well as with investor relations firms and consultants. These relationships are made available to all Hilbroy clients and our team will manage the relationships from introduction to post financing activities.
Contact:
Jean François Amyot
HilbroyAdvisory, Inc.
1400 rue Begin
Montreal, QC H4R 1X1
info@hilbroyadvisory.com
www.hilbroyadvisory.com
Tel: 514-334-3131
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
About
Hilbroy Advisory Inc. is a Canadian based advisory and consultancy services company founded in 2000. Our Company provides publicly traded and private companies, institutions and individuals with a series of advisory services enabling these companies to fully reach their corporate objectives and potential.
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