AGM Statement

Focus Solutions Group PLC 17 July 2001 17 July 2001 Embargo: 7am Focus Solutions Group plc - AGM Trading Statement Richard Jephcott, Chairman of Focus Solutions Group plc, will make the following statement later today at the Company's Annual General Meeting: 'In the year to March 2001 we performed strongly across all areas of the Group's business with revenues up by more than 300%, the announcement of our first international partnership in North America, and an accelerated programme of investment in new products. I am pleased to report today that this momentum has been maintained in our trading in the current year to date. Market demand for Focus Solutions products continues to be strong, and revenue in the first quarter of this financial year (to March 2002) is ahead of revenues achieved in the entire first half of the last financial year (to March 2001). We have also announced a second international licensing agreement for the South African market with Spotlight Interactive. As indicated in our preliminary results announcement, we are pressing ahead with new product investment with a view to building shareholder value. We have been developing a server version of goal: technology based on Java, and I am pleased to report that this product has been completed and launched on schedule and to budget. This product will allow life and pensions companies to use goal: technology in a broader range of applications, including on-line channels to market, their internet sites aimed at consumers, their extranets for independent financial advisors, and in call centres. It is a particularly important development to support our partnership in the North American market. The Board believes the Company is well placed to deliver its strategic objectives both in the UK and internationally, and remains confident about the outlook for the year.' ends Enquiries Focus Solutions Group plc 01926 468 300 John Streets Claire Forrest Citigate Dewe Rogerson 020 7638 9571 Chris Barrie Sara Batchelor Notes to editors 1. Focus Solutions Group is a leading provider of software products and e-commerce tools for the financial services industry. The Company's products support the sale and delivery of financial products electronically via existing sales channels such as the independent financial adviser (IFA) market place and direct sales. Focus's XML-based toolkit is called goal:technology. This enables 'intelligent' electronic proposals, which replace traditional paper-based application forms, to be constructed quickly and efficiently by the insurance companies and completed easily by the end user. It will allow the life, pensions, savings and investment market to move away from the costly paper-based sales process to electronic trading. 2. Focus has sold goal:technology to 66% of the UK's leading life and pensions companies including Royal & Sun Alliance, Norwich Union Life, Legal & General, Standard Life, Scottish Provident, NPI and Scottish Equitable and Friends Provident. Focus has to date also partnered with three of the UK's leading internet service providers specialising in financial products, providing software to enable e-commerce transactions: Assuresoft, Exchange FS, and Synaptic Systems.
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