PurePlay Holdings have been advised that the EU CTM trademarks have been accepted and are now lying for inspection and objection for a period of three months.

PurePlay Management advised that the PCT International Patent application is ready for submission. We expect our IP attorneys to lodge the International Patent application during the next week they said.

The technical teams of PurePlay Holdings and KPMG made significant progress on important technical requirements to move a lot closer to a framework for the accounting and taxation treatments of PurePlay® Notes said a person who attended. Teams expect that the process can be advanced from the foundation established today.

PurePlay Holdings management advised today that a process of independent legal clearance has been initiated on the Minerals and Petroleum Resources Development Act and the Precious Metals Act.  Initial briefings were done just before Christmas holidays they said and it is expected that this process will be finalised early in March 2014.

PurePlay Holdings today received notification that its Nature’s Vault® Trade Mark application is successful. We expect the others to follow suit said one of the directors.

The directors of PurePlay Holdings and the Directors of the Accounting and Tax divisions of KPMG together with the relevant team members held a full factual assessment meeting lasting over 4 hours on the PurePlay® Project. The meeting went very well said one of the attendees, given that a lot of information had to be distributed and evaluated. A solid trust base for a free flow of information was established.

The legal status of a PurePlay ® Instrument has been advised by Senior Counsel to be that of a Note sounding in minerals as expected. The implication is that the PurePlay® Note now has a definitive category in terms of the Financial Markets Act for listing purposes.