Feb 28 (Reuters) - Shareroot Ltd SRO.AX :
* CONCLUDES TECHNOLOGY AUDIT AND STRATEGY REVIEW
* OUTCOMES FROM REVIEW WILL RESULT IN A REDUCTION OF OVERALL OPERATIONAL COSTS FOR BUSINESS
* SHAREROOT INC. IS IN PROCESS OF BEING CLOSED DOWN WHICH WILL DELIVER AN ESTIMATED COST SAVING OF AUD$500,000 PER YEAR