Telme.Com PLC
13 March 2001
TelMe.com plc ('the Company')
The Company announced today that another stage of the
process to concentrate on its Customer Relationship
Management and Travel business had resulted in the
termination of its Business Information Service with effect
from 1 April 2001 and the closure of its offices in Prenton.
The Business Information Service, which forms part of the
Group's Online Services division, was launched in 1994. It
has not been core to the Group's activities in recent years,
and subscriber numbers have declined accordingly. In the
half year to 30 September 2000, the Business Information
Service accounted for turnover of £0.3 million. Group
revenues in the half-year to 30 September 2000 were £8.4
million.
The move will enable the Company to focus on its Online
travel activities and to build on the early success of TelMe
Global Traveller, the Internet travel site and Ticket Window
and Farebase, which provide technology and services to the
travel industry.
The growing Corporate Travel (Seaforths Travel) and Customer
Information Management divisions are not affected in terms
of personnel or activity, but the CRM division, which
includes GB Information Management and DataCare, currently
operated from two locations, will come together in Chester.
Graham Ramsey CEO said 'The Company is growing as indicated
with the announcement of the Group's interim results in
December 2000 and it is regrettable that redundancies are
necessary. This termination and closure further
rationalises our business to concentrate on activities which
will deliver profit and increase shareholder value'.
For further information, contact:
TelMe.com plc
Graham Ramsey, Chief Executive 0207 240 2640
Richard Law, Finance Director 0151 608 0205
Golin/Harris Ludgate
Richard Hews 0207 324 8888
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