Northgate Technologies Limited has informed the Exchange that: "GIobe7 HK Limited, wholly owned subsidiary of the Company has closed sales and marketing office and data centre situated at Hong Kong. The Board of directors of the Company discussed and reviewed the following at the meeting held today i.e. March 5, 2009:
(a) Closure of sales and marketing office and data centre of Globe7 HK Limited, the WOS of the Company;
(b) Feasibility of further development of gaming portal www.egglad.com;
(c) Reviewed operations of the company including realizeability of the long outstanding sundry debtors; and
(d) Rotation of the statutory auditors of the company at periodical intervals."