CITROFRESH INTERNATIONAL LIMITED(CTF)

ASIC has succeeded in obtaining a pecuniary penalty order and disqualification order in civil penalty proceedings against Mr Ravi Amrit Narain of Bellarine, Victoria. Mr Narain was a former managing director and chief executive officer of Citrofresh International Limited, now known as Paragon Care Limited

name changed to Paragon Care Limited

ASIC has obtained orders in the Federal Court declaring that Citrofresh engaged in misleading conduct in contravention of section 1041H of the Corporations Act - ASIC's proceedings against Citrofresh and Mr Ravi Narain, its then-managing director, arose from statements made in two company announcements to the Australian Stock Exchange Ltd on 27 and 29 September 2005 - the Court declared that Citrofresh engaged in misleading conduct

suspension of trading in the securities is lifted following receipt of the Company's Half Yearly financial reports

securities suspended following failure to lodge half yearly financial reports

ASIC has issued proceedings in the Federal Court in Melbourne seeking a declaration that Citrofresh and its managing director, Mr Ravi Narain engaged in misleading or deceptive conduct regarding an announcement the company made to the ASX on 27 September 2005 - ASIC also alleges that Mr Narain failed to exercise his duties as a director with a reasonable degree of care and diligence regarding the announcement

reinstated to quotation

name changed from Plexus International Limited