Centaur Media PLC
08 October 2007
8th October 2007
Centaur Media plc
("Centaur")
Centaur, the specialist business publishing and information company, announces
today that, following a strategic review, it has decided to discontinue Perfect
Analysis, the equity research service developed by Perfect Information. Perfect
Analysis was originally launched in 2004 following the acquisition of Synergy
Software Solutions Ltd. In the year ended 30 June 2007, Perfect Analysis'
results, as reported segmentally within Perfect Information, consisted of
revenues of £0.6 million and losses of £0.3m.
Geoff Wilmot, Chief Executive Officer, said:
"As we indicated in our recent results announcement, whilst Perfect Analysis has
been a considerable technical success, it has yet to prove itself commercially.
We have therefore been conducting a thorough review of our strategic options for
this business.
The review found that Perfect Analysis' superior ease of use and functionality
could not overcome its relative lack of content. We have concluded that, in
order to achieve commercial success with Perfect Analysis, we need to commit to
a significant investment in content and in delivering a faster pace of
development. In our view there is a high degree of uncertainty as to the return
we would receive on this investment. The Board has therefore concluded that
shareholders would be better rewarded by directing Centaur's resources towards
upgrading and developing the core filings business of Perfect Information, where
we see significantly greater opportunities for growth. In view of this we have
decided to discontinue Perfect Analysis."
Enquiries:
Centaur Media plc Geoff Wilmot, CEO Tel: 020 7970 4000
Mike Lally, GFD
Gavin Anderson & Company Robert Speed Tel: 020 7554 1400
Charlotte Stone
This information is provided by RNS
The company news service from the London Stock Exchange
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