1time holdings ltd (1TM) Snapshot

FastJet Plc is in negotiations to acquire 1time Airline (Proprietary) Limited from 1time Holdings Limited. The negotiations have not completed yet and are subject to approval of Board of Directors of 1time Holdings and Regulatory Board. The transaction would involve Fastjet paying a nominal fee for the purchase of 1time and a settlement with the 1time creditors. Ed Winter, Chief Executive Officer of Fastjet, said, "1time would be rebranded into the Fastjet brand and sold through fastjet.com."

1Time Holdings Ltd. announced reviewed unaudited consolidated earnings results for the six months ended June 30, 2012. For the period, the company reported gross revenue of ZAR 637,453,290 compared to ZAR 654,009,387 for the same period a year ago. Operating loss was ZAR 70,009,433 compared to ZAR 35,552,294 for the same period a year ago. Loss before taxation was ZAR 86,693,033 compared to ZAR 49,244,868 for the same period a year ago. Loss attributable to owners of the parent was ZAR parent ZAR 35,783,604 or 12.8 cents per diluted share compared to ZAR 33,927,293 or 12.1 cents per diluted share for the same period a year ago. Head line loss attributable to the ordinary shareholders was ZAR 35,381,612 or ZAR 12.6 per share compared to ZAR 21,253,646 or ZAR 8.3 per share for the same period a year ago. Cash generated from operations was ZAR 18,555,316 compared to ZAR 4,234,592 for the same period a year ago.

1Time Holdings Ltd., Annual General Meeting, Jul 27, 2012., at 12:00 South Africa Standard Time. Location: 16 Quality Street.