Result of AGM and CEO stateme

RNS Number : 1068Y

ADVFN PLC

16 December 2010

 



ADVFN plc ("ADVFN" or the "Company")

Result of AGM and CEO statement

The Company announces that at its Annual General Meeting held today all resolutions were duly passed.  In addition, the CEO of ADVFN, Clem Chambers, made the following statement:

"2010 was another positive year with ADVFN turning in good sales and profit growth. This strong result is an outcome of a development plan we have consistently followed for years of building up the ADVFN financial website as a brand in the UK and increasingly abroad.

We feel we can continue to grow at around the rates we have enjoyed over the last 10 years for the foreseeable future.

By delivering this we will become a significantly larger business. This will be achieved by continuing to roll out our model internationally. This has been and will continue to be the plan and we feel that it has been validated by success in the US and Brazil. In the next three years we will address markets including Australia, Indian, Japan, Mexico, The Middle East and Russia, to add to our established localised sites.

We do not expect overnight success in each country but we feel that this rollout is a platform for major expansion. It is a low risk, low cost strategy, yet it has a large upside.

Meanwhile working closely with financial service providers around the globe, we will be expanding the ADVFN platform to facilitate transactions. We believe this will become an important international growth driver."

Contacts:

Clem Chambers / Francesca De Franco (020 7070 0932)

Fiona Kindness / Adam Suggett, Grant Thornton Corporate Finance (020 7383 5100)

 

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