Redbus Interhouse washes its smalls in public
Stock market reversal
Redbus Interhouse is to reverse into former textile company Horace Small Apparel. Once complete Horace Small will change its name to Redbus Interhouse before joining Britain's hi-tech stock market, techMARK, in a bid to raise some £20.4 million, net of expenses, for further development. The company will be valued at £130 million, following the transaction. Redbus Interhouse gives Net and communications companies access to multiple data and voice networks. It is looking to set up more Neutral Internet Colocation Facilities (NICF) across Europe. Redbus Interhouse is the first of Redbus' companies to go public. Redbus Investments provides financial, operational and management support to British companies and individuals with new and innovative ideas. It was formed by Cliff Stanford following the sale of his company, Demon Internet, in 1998 for £66 million. ®
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