AGM Trading and Business Update

RNS Number : 6276L

Eckoh PLC

14 August 2013

 

14 August 2013

Eckoh plc

("Eckoh" or "the Company")

AGM Trading and Business Update

Chris Batterham, Chairman of Eckoh will provide the following trading statement at the Company's AGM later today:

"I am pleased to report that the Company has continued to experience strong levels of new business activity during the first Quarter of the new financial year and that current trading remains in line with market expectations.

Contracts secured in the prior financial year have contributed to the trading performance of the Company comfortably exceeding that of the corresponding period in the prior year. We have also announced significant five year contract wins with a major financial services company and with Capita Customer Management to provide technology support to one of its existing clients, a leading UK distribution business. These contracts will commence generating revenue in the second half of the financial year ensuring additional growth over the remainder of the year and beyond.

In addition to this organic growth we can report that integration of Veritape Limited, a provider of call recording software and on-premise secure payment solutions, is progressing well and that since the acquisition it has already secured both contracts with new clients and additional orders from existing customers. The rationale for broadening Eckoh's product mix through the Veritape transaction is already showing signs of success with a number of existing customers now evaluating our expanded portfolio of products.

The enlarged Eckoh group continue to enjoy a fluid pipeline of opportunities and are particularly enthused about the developing partnership arrangements which are in place. The combination of Eckoh's established multi-channel customer proposition and secure payment solutions coupled with the additional uplift from the acquisition of Veritape gives the Board confidence that the growth seen in recent periods will continue in the current financial year and foreseeable future."

For further enquiries, please contact:

Eckoh plc Nik Philpot, Chief Executive Officer Adam Moloney, Group Finance Director www.eckoh.com	Tel: [phone]
Buchanan Jeremy Garcia, Gabriella Clinkard www.buchanan.uk.com	Tel: [phone]
N+1 Singer Shaun Dobson	Tel: [phone]

Notes to Editors:

About Eckoh plc

Eckoh plc (AIM: ECK) is the UK's leading provider of multi-channel customer service and secure payment solutions. We are a PCI DSS Level One accredited Service Provider, currently processing over £250 million in card payments annually.

Eckoh's solutions enable payments, transactions and enquiries to be processed without the caller needing to talk to a contact centre agent. This significantly reduces our clients' costs, whilst freeing up their agents to deal with more complex enquiries. Eckoh is the largest provider of such hosted services in the UK.

Our secure and resilient infrastructure has the scalability to handle up to 6,000 calls simultaneously, which means that calls will always be answered no matter how unpredictable the circumstances.

For more information, visit: www.eckoh.com

 

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