AGM Statement

Eckoh Technologies PLC 30 October 2006 For immediate release 30 October 2006 Eckoh Technologies PLC AGM Statement Peter Reynolds, the Chairman of Eckoh Technologies PLC ("Eckoh"), commented at the AGM today: "I am very pleased to report a year of significant strategic progress, and strong operating performance in all areas of activity. For the year ended 31 March 2006, Group turnover increased by 59% to £127.1m for the year, generating pre-tax profits of £2.3m before intangible asset amortisation, restructuring charges and discontinued operations. The profit before taxation was £1.1m and Group cash balances were £12.7m at the year end. During the year, our successful Speech Solutions business merged with IVR Client Services under the "Eckoh" brand. This operation generated combined revenues in excess of £50m last year. However, following the renewal of the ITV and BT contracts, and the recent launch of a number of new and exciting "participation TV" channels - including ITV Play - we expect revenues to be significantly higher next year. We have rebranded our Advertised Services division as "Connection Makers", which now operates as a stand-alone entity within the Group under the direction of an experienced management team. Connection Makers continued to operate profitably during the year, and is looking to expand its range of consumer entertainment services over the next twelve months. The Board continues to believe that Eckoh's share price does not fully reflect the value of the Group's constituent businesses and assets, and as such remains committed to pursue a strategy to unlock value for Eckoh shareholders. As part of this strategy, on 18 July 2006 the offer by Redstone plc for the entire issued share capital of Symphony Telecom Holdings plc ("Symphony") at a price of 54.5p in cash, for each Symphony ordinary share was declared unconditional in all respects. Consequently the Company's holding of 20,099,999 ordinary shares in Symphony has been disposed, the proceeds of which have been placed on deposit. The Company believes that it will not need all of the proceeds from the sale of Symphony to satisfy current operations and the Board are therefore considering how to best utilise its additional cash resources. As announced on 19 October, the Company has progressed well during the first six months of the financial year and is trading comfortably ahead of market expectations. The Group is also pleased with recent commercial contract successes, including Parcelforce Worldwide, National Rail Enquiries and renewal of the Vue Entertainment contract and ongoing discussions with a number of potential new clients. Over the coming year we intend to focus both our resources and management on the continuing development of Eckoh and Connection Makers. The Board is continuing to evaluate a number of strategic options, and we will be making further announcements in due course. Finally, I would like to thank our staff for their continuing loyalty, dedication and hard work over the past twelve months, as we all look forward to another interesting year ahead." For further enquiries, please contact: Eckoh Technologies plc Tel: 08701 100 700 Nik Philpot, Chief Executive Officer Adam Moloney, Group Finance Director Buchanan Communications Tel: 020 7466 5000 Mark Edwards/Jeremy Garcia Corporate Synergy Tel: 020 7448 4400 Brian Stockbridge This information is provided by RNS The company news service from the London Stock Exchange

Companies

Eckoh (ECK)
UK 100

Latest directors dealings