NEW DIRECTOR JURY WOWK BAILS AFTER NINE WEEKS - SHOCK ANNOUNCEMENT ROILS ALLIED BRANDS MANAGEMENT - "WHAT A FUCKING MESS THEY'VE GOT GOING HERE"

In a shock announcement to the market today, Allied Brands announced this morning the resignation of Director and Company Secretary Jury Wowk.

AFTER JUST NINE WEEKS!

On 5 February 2010, Allied Brands (ABQ) CEO Shane Radbone announced to the market the "appointment of Mr. Jury Wowk as a new independent Non Executive Director and joint Company Secretary" for Allied Brands.


Jury Wowk is a solicitor and employed by high profile law firm HWL Ebsworth Lawyers in Sydney.  


It isn't known yet what kind of financial and legal mess so scared Mr. Wowk that he ran for the hills two months into his directorship.  It is known that Mr. Wowk's partners at HWL Ebsworth were distressed that he was now being associated with such a disreputable firm as Allied Brands Ltd.  He would also be aware of his possible criminal exposure if the actions of this company aren't in conformance with the law.  This kind of quick resignation is an extremely serious indicator of what's going on inside the company - especially with the cryptic announcement made by the CEO.


Wowk is also a director at PPK Group, one of the largest investors in Allied Brands along with personal investments by PPK Directors Raymond Beath and Glenn Molloy.


Shareholders rightly should be concerned, and ask Jury Wowk directly how safe their investment is with Allied Brands!  Email him at jury.wowk@hwlebsworth.com.au  or call him at (02) 9334 8555.


And while you're speaking to him, ask him what's become of the missing Managing Director Peter Graham.