Eckoh Technologies PLC
03 October 2005
For Immediate Release 3 October 2005
ECKOH TECHNOLOGIES PLC
Pre-Close Trading Update
for the six months ended 30 September 2005
Eckoh Technologies plc, (the "Company") is pleased to issue a trading update
prior to the end of the six month period ended 30 September 2005.
During the period, the Company instigated a strategic review of its operations.
To date, this has resulted in the separate listing of Symphony Telecom Holdings
plc, a previously wholly owned subsidiary, raising £4.51m before expenses whilst
retaining a 64.64% holding and the disposal of Freecom.net Limited to
eDirectory.co.uk plc for up to £3.2m of shares in the acquiring company.
Profits in the first half have been satisfactory and are in line with the
Directors expectations. The Directors are aware of the recent decline in the
share price and believe that the current share price significantly undervalues
the Company. Recent commercial successes including the renewal of the BT and TD
Waterhouse contracts, the speech enabled "Journey Finder" product being awarded
"Product of the Year" at the 2005 European Call Centre Awards, and ongoing
discussions with a number of potential new clients enable the Directors to
continue to be confident in the Company's future prospects. The strategic review
will continue with the aim of reversing the trend in the share price, and
unlocking value for shareholders.
For further enquiries, please contact
Eckoh Technologies plc Tel: 08701 100 700
Nik Philpot, Chief Operating Officer
Martin Turner, Chief Executive Officer
Adam Moloney, Finance Director
Buchanan Communications Tel: 020 7466 5000
Mark Edwards/Jeremy Garcia
This information is provided by RNS
The company news service from the London Stock Exchange
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