AS PREDICTED, INSIDER PROPS UP ALLIED BRANDS AS REAL SHAREHOLDERS SNUB PURCHASE

As advised by staff at Allied Brands Ltd., the first evidence of insiders pushing more cash into Allied Brands is starting to make its way to the Australian Stock Exchange.

CHANGE OF DIRECTOR'S INTEREST

This is the same Director who signed the statements claiming what a "great success" this additional share float had been! The same director that has led this company into near collapse twice before only to get bailed out by others (and working feverishly on #3). The same Peter Graham who has seen his ownership decline from 100% to the now pathetic 11%, and having become just another aging business has-been laughingstock in the Gold Coast.

This ASX statement doesn't include the current "insider" shares that aren't required to report their cash input into ABQ (like Raymond Beath and Glenn Molloy, both directors of PPK Group). Beath also acts as "investment adviser" with Beath Investments and perhaps clients of his Holden & Bolster Avenir accountancy.

Meanwhile, continued downward market pressure is going to shortly cancel hundreds of thousands in options awarded by Directors to themselves - options that are worthless due to the continuing non-performance and cash haemorrhage being seen at Allied Brands.