Euro Iseki Overseas (Thailand) Limited (EIOTL) has issued a statement to clear up any confusion surrounding the announcement that Euro Iseki Limited of Stratford, UK has gone into administered receivership and that Iseki Poly-Tech Inc. of Japan is undergoing a court guided rehabilitation process.

Steve Harvey, managing director of EIOTL, and a director of Laserbore Ltd has confirmed that EIOTL is independent of the two above mentioned companies. This independence applies both financially and in management terms. The statement clearly says, “EIOTL remain a successful financially sound business managed and operated by staff of Laserbore Ltd who have been with the company throughout the period since 1993 that Laserbore Ltd and the Iseki Group have been working together in Thailand.” The statemnt concluded, “EIOTL is unaffected by the current circumstances.”

EIOTL envisages opening further offices in Singapore and Malaysia due to the current increase in pipejacking activity in these two countries. The company will continue to operate extensively in the Thailand market.