Melbourne, Oct 28, 2005 AEST (ABN Newswire) - The directors of Authorised Investemnt Fund Limited (ASX: AIY), formerly the Wine Investment Fund, have subscribed to one third of Static Communications Australia Pty Ltd for the sum of AUD$500K.
The transaction involves a cash sum of AUD$125K, with the balance due on completion of raising further capital.
Static Communications Australia is a telecommunications company offering ISDN and PSTN subscriber services. In addition Static provides VoiP services and focuses on business-to-business from SME to corporate level customers.
Contact
Richard Green
Managing Director
Tel: +61 3 9600 3242
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