DTI PETITIONS TO WIND UP DELFIN INTERNATIONAL (SA) LIMITED AND DELFIN MARKETING (UK) LIMITED

[COI]

DEPARTMENT OF TRADE AND INDUSTRY

P/98/644 14 August 1998

DTI PETITIONS TO WIND UP DELFIN INTERNATIONAL (SA) LIMITED AND DELFIN
MARKETING (UK) LIMITED

The Secretary of State for Trade and Industry has presented petitions
in the High Court on 3 august 1998 to wind up Delfin International
(SA) Limited and Delfin Marketing (UK) Limited in the public
interest following an investigation under Section 447 of the
Companies Act 1985 (as amended). The petitions are to be heard on 26
August 1998.

The companies trade in and provide sales support to distributors
selling the Delfin Knowledge System, a series of self empowerment
and improvement programmes. Those purchasing a programme do so with
a view to being permitted to introduce others to the scheme in
return for 90% of the retail price of each such sale.

It is the Secretary of State's case that the business is in essence a
money circulation scheme and illegal.

On 12 August 1998 the companies gave undertakings to the High Court
that they will direct all United Kingdom participants in the scheme
to enter into no further scheme transactions until after the hearing
on 26 August 1998.

Notes for Editors

1. Delfin International (SA) Limited is registered in Guernsey
and its registered office is at PO Box 472, St Peter's House, Le
Bordage, St Peter Port, Guernsey.

2. The registered office and trading address of Delfin Marketing
(UK) Limited is at Premier House, 10 Greycote Place, London SW1P
1SB.

3. The petitions were presented under S124A of the Insolvency Act
1986.

4. All public enquiries concerning the companies should be made
to The Official Receiver, 21 Bloomsbury Street, London, WC1B 3SS;
telephone: 0171-637 6437.