Trading Statement

Clarity Commerce Solutions PLC 19 February 2004 CLARITY COMMERCE SOLUTIONS PLC TRADING STATEMENT Clarity Commerce Solutions plc ('Clarity'), the AIM listed provider of software solutions and services to the hospitality, leisure, entertainment and retail markets announces that the integration of its acquisitions, Pacer/Cats and Cyntergy, is proceeding well with increasing opportunities. Group profits, despite being significantly above those of last year are likely to be below market expectations for the year to 31 March 2004. Commenting, Graham York, Chief Executive, said: ' The integration of Pacer/Cats is having to proceed more quickly than planned as a result of its major customers requiring replacement or upgrade systems faster than expected. The Group has therefore accelerated its investment in its new solution. This will bring product to market more quickly than originally anticipated and is encouraging in terms of prospects for the longer term. As a result of this acquisition, we have widened our potential market, not just in terms of sectors, but also geographically in Europe and the USA.' The Group's turnover has significantly increased in the second half of this financial year and is expected to be in-line with market expectations. The Group has also commenced investment into the integration of the Clarity and Flex products for the next generation of software for its sports and leisure solution. Again this investment is expected to increase opportunities in the longer term. The acquisition of the Cyntergy help desk and training services, which has benefited service levels across the Group's customer base, has also continued to develop its service offering to retail customers outside of the Group. The re-organisation of Group activities has enabled the Board to further review the overhead structure and the board expects some benefit from these savings to be reflected in the second half of the next financial year. The Board is confident that the wider product offering and the accelerated integration of the core products of the various Group companies will increase sales opportunities in the future. For further information contact: Clarity Commerce Solutions plc Graham York, Chief Executive: 01722 746200 Williams de Broe Plc Ian Stanway: 0121 609 0050 END This information is provided by RNS The company news service from the London Stock Exchange
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