Forbidden Technologies PLC
27 June 2006
27 June 2006
Forbidden Technologies plc
AGM Statement
At today's AGM, Vic Steel, Chairman of Forbidden Technologies plc (AIM: FBT),
made the following comments:
I am pleased to report that good progress is being made by your company. Sales
in the first half of the year will be ahead of the whole year of 2005. At our
recent monthly strategy review the board adjusted further the balance of
emphasis and resources to concentrate effort behind FORscene. With several
broadcasters continuing to evaluate FORscene for logging, review, shot selection
and assembly editing, the board sees FORscene's role in post-production as the
biggest opportunity for profitable revenue in the near future.
Several members of the broadcast community are undertaking fundamental reviews
of their processes and workflow and are considering how to use FORscene to its
best advantage in the post-production process. In the meantime we have been
awarded repeat business from a number of major production companies in the
broadcast area.
Our distributors in Canada and the Nordic area are also making good progress.
Ryerson University in Toronto is planning to trial FORscene in the autumn and
the Technicolor company is planning to use FORscene for review purposes with its
many customers. In Sweden, our distributor is planning a launch of our consumer
version in the autumn.
As more and more members of the broadcast and video production communities are
exposed to FORscene, it is gratifying to see the interest level grow as
potential users recognise the lower cost of FORscene and the value of its remote
collaborative features. This was particularly noticeable at last week's
Broadcast Live show.
The board has confidence that FORscene has the potential to become an industry
standard product in the post-production world.
Enquiries:
Forbidden Technologies plc 020 8879 7245
Stephen Streater, Chief Executive
Greg Hirst, Business Development Director
College Hill 020 7457 2020
Corinna Dorward/Adrian Duffield
This information is provided by RNS
The company news service from the London Stock Exchange D
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