StockMarketWire.com - Vianet Group (AIM: VNET), the leading provider of real time monitoring systems and data management services for the leisure, vending, and forecourt services sectors, has commented on the Department for Business Innovation & Skills' ("DBIS") latest update on the Government consultation on the relationship between pub companies and tenants.

The DBIS has said that the conclusion of its findings from the consultation phase of the proposed Statutory Code, originally planned for the end of this year, has been delayed, with the intention of deciding on the next steps imminently.

In addition to over 7,000 responses to the online questionnaire, there were some 1,120 written responses which were published on Friday.

Vianet says that its initial review of these written responses shows number of factual inaccuracies and inconsistencies which it will seek to address with the relevant parties in the coming weeks.

James Dickson, Executive Chairman of Vianet, said: "The Board is confident that the unequivocal transparency which beer flow monitoring provides to the Pubco/Tenant relationship should be one part of a successful future 'common sense' solution.

"We firmly believe that an evidence based approach would demonstrate this, and note that, although the DBIS has published work by London Economics on potential pub closures arising from any Statutory Code, it has not published any evidence based research on beer flow monitoring equipment.

"Whilst it is a very unwelcome distraction, the Board is optimistic that the reasoned, evidence-based strength of the Group's argument will result in a fair outcome."




At 12:53pm: [LON:VNET] Vianet PLC share price was 0p at 77p



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