AGM Statement

RNS Number : 5643N

Accesso Technology Group PLC

19 May 2015

 

19 May 2015                                                   

accesso® Technology Group plc

("accesso" or the "Group")

AGM Statement

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, will today, at 10:30am, hold its Annual General Meeting (the "AGM" or the "Meeting"). At that time the Chairman of the Meeting will provide the following update on trading for the four months ended 30 April 2015:

"I am delighted to report that the early part of this year has got off to a strong start on a number of fronts. We have seen good trading across the business, corroborated by a number of our larger customers reporting excellent early results. We have sold new business across each of our product lines, signing an unprecedented 42 new contracts during the period with new customers and old, deepening many existing relationships. We have also added to our pipeline of prospective business, offering new opportunities to generate reliable, transactional and repeatable revenue streams for the Group. Finally, we have made good progress on the further integration of Siriuswaresm and ShoWaresm, our most recent acquisitions. 

Reflecting on some of our early successes, we have been particularly pleased by the progress seen in new business across our product range. We have added a number of multi-million attendance venues to our portfolio as well as seeing more opportunity to cross-sell and up-sell between products and customers. 

Our newer investments for the future also continue to show potential. Following a successful customer trial last season, we have been invited to bring our Q100 product back for an extended and expanded period this summer. We have seen the roll out of our updated Qbandsm product into a significant North American water park which has been very well received by the operator and guests alike. At the end of last season we launched a new responsive design eCommerce store for our Passport platform. This has driven a significant increase in sales made to mobile devices, up 470% year-to-date. Following this success, it is with pleasure that I can report that a similar store has just launched with a number of our ShoWare clients prior to a platform wide roll out. It is this kind of innovation that will position the Group for sustained success and has seen us win a second Queen's Award: a very proud achievement for the whole organisation.

Our latest acquisition, ShoWare, has performed exceptionally well in the period and we are very pleased by the pace at which that business has become a part of the accesso family. Along with Siriusware, it continues to open up new opportunities to push accesso into previously untapped verticals within the broader leisure space.

Whilst we remain at an early stage in the year, the Board is pleased by the progress we are making. There is always more to do, but we are confident that we have the requisite tools and opportunities in front of us to deliver another successful year for our Group."

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP	[phone]
Matt Dixon, Lucy Delaney, Adam Davidson
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan
Numis Securities Limited	[phone]
Etienne Bottari, Simon Willis, Mark Lander

accesso^® Technology Group: about us

About accesso^® Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to the leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators whilst improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

·      We drive attendance

The accesso Passport^® and ShoWare™ ticketing suites are comprehensive, easy-to-use cloud solutions that process tens of millions of tickets every year for assigned seat and general admission venues, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

·      We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support.  It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

·      We take guests out of line

Since 2001 over ten million guests have used a patented accesso LoQueue^SM solution to queue less, ride more, enjoy a better experience and increase in-attraction spend.

·      We simplify point-of-sale

Our Siriusware^® point-of-sale solution offers software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided millions of guests with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

More than 900 attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues and sporting events to ski and snow parks.  We are proud that our solutions are trusted by the majority of the leading names in the leisure industry, including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes, and Herschend Family Entertainment.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com. 

Ends

 

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