Statement from ECT

April 2nd 2008ECT GROUP - 1ST APRIL 2008
"In recent years, leading social enterprise ECT has created a community rail business based on our ventures; Dartmoor Railway, Weardale Railway and industrial specialists; RMS Locotec. Particularly significant in this process has been the support of communities and local councils in Devon and the North East.

Dartmoor and Weardale railways have a great future as part of the tourism and leisure industry of their areas with the potential to provide wider community rail services in the future. RMS is a small but significant part of the industrial railway sector in the UK. Furthermore we believe that the government's community rail strategy will provide increased opportunities for small scale community focused rail operations.

However it has proved increasingly difficult for ECT to provide the necessary management focus and investment. Accordingly, following a thorough review of our rail business, ECT has decided to focus on its core activities of providing high quality, environmental and community transport services. ECT is therefore seeking new ownership and investment for its rail business. We believe that they have a great future and we already have a number of parties interested in taking on the challenge and opportunity"
ENDS

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