ADVFN PLC
06 December 2005
6 December 2005
ADVFN AGM statement
At the Company's AGM held earlier today on 6th December, the Managing Director
of ADVFN, Clem Chambers, made the following statement:
'2005 has been an exciting year which has seen a significant transformation of
ADVFN. While the ADVFN financial website retains its leading position in the UK
and Europe, it has broadened its offering and its reach with a series of
developments ranging from the inclusion of a wide variety of data to the
creation of joint ventures in Japan and Brazil.
ADVFN Japan, which has raised funding of 500,000,000 yen, is a significant
opportunity and a good example of the value of below-the-line developments that
we believe will begin to impact in the calendar year 2006. Additionally All IPO,
Cupidbay and Fotothing have all added significantly to the intrinsic value of
the company.
As a group ADVFN is now generating more than 1,000,000 registrations a year;
more than 300% growth on 2004 levels. This makes the company a significant
aggregator of audience, a key metric in the blossoming Web 2.0 paradigm.
With progress on all fronts we see 2006 as being a very important year for ADVFN
and we are looking forward to pressing home the advantages we have been
carefully building'
This information is provided by RNS
The company news service from the London Stock Exchange
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