Focus Solutions Group PLC
02 August 2007
Embargoed until 0700 2 August 2007
Focus Solutions Group plc
('Focus' or 'the Group')
AGM Trading Update
Focus Solutions Group plc (AIM: FSG), a leading supplier of adaptive software
solutions to the financial services industry, will today issue the following
statement at its AGM to be held later today:
Focus has had a very encouraging start to the current financial year with our
financial performance to date in line with our expectations. Furthermore, for
the first time in the Group's history, Focus has traded profitably in the first
quarter of the financial year.
New contracts signed since the start of the year include an extension to the
HSBC contract worth £300,000, and an enterprise licence agreement for the
Openwork Trading Platform worth between £650,000 and £900,000 over five years.
These contracts help underpin our expectations and we are confident of winning
further new business in coming months.
Focus is developing into a successful, consistently growing, profitable and cash
generative business. Our confidence in the future is reflected in our plan to
introduce a dividend payment in respect of the current financial year.
The Group's intention is to be recognised as the leading provider of front
office solutions to the UK financial services market and the Board has a clear
strategy for both organic and non-organic growth to achieve this.
Enquiries:
Focus Solutions Group 01926 468 300
Richard Stevenson, CEO / Martin Clements CFO
Seymour Pierce 020 7107 8000
Mark Percy
Smithfield 020 7360 4900
Reg Hoare / Tania Wild
Notes to editors:
Focus is an established supplier of easily configured and re-usable component
based software and business services, which enable faster, more effective and
cost efficient processing of complex customer transactions.
Focus has helped some of the world's leading public and private sector
organisations to successfully automate their most demanding customer processes.
For further information on Focus, please visit www.focus-solutions.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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