AGM Statement

RNS Number : 7172Y

Newmark Security PLC

09 September 2009

 



Press Release

9 September 2009

Newmark Security plc

('Newmark Security' or 'the Group')

AGM Statement

Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, will hold its Annual General Meeting ('AGM') at 11:00 a.m. today at the Group's offices at 57 Grosvenor Street, London W1K 3JA. At the AGM the Chairman of Newmark Security, Maurice Dwek, will make the following statement:

'Sales in the electronic division for the first four months were nearly 9 per cent ahead of the same period last year, which was largely due to a substantial recovery of sales in Grosvenor Technology's OEM division.  In addition the Board remains optimistic that a number of significant new contracts will be gained which would have a beneficial impact on the second half year.

'Sales in the asset protection division for the first four months are in line with last year. As previously announced, this division has gained a substantial order from a customer in the financial sector which will benefit the remainder of the year.

'Sales for the first four months overall were 5 per cent ahead of last year and the Board still expects the operating profits for this financial year to be satisfactory.'

- Ends -

For further information:

Newmark Security plc
Maurice Dwek, Chairman	Tel: [phone]
Brian Beecraft, Finance Director	www.newmarksecurity.com

Seymour Pierce Limited
Mark Percy, Corporate Finance	Tel: [phone]
	www.seymourpierce.com

  Media enquiries:

Abchurch
Henry Harrison-Topham / George Parker	Tel: [phone]
[e-mail]	www.abchurch-group.com

Notes to editors

Newmark Security plc is a leading provider of electronic and physical security systems, which focus on personal security and the safety of assets.  Operating through two established and wholly owned divisions, Grosvenor Technology (electronic) and Safetell (asset protection), the Group listed on AIM in 1997.

Founded in 1989 Grosvenor Technology provides state of the art access control, security and data acquisition systems delivered via its flagship JANUS access platform and its custom manufactured OEM product range. Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as many universities. More information can be found at www.gtl.biz 

Offering staff and asset protection since 1987, Safetell is the UK's leading provider of fixed and reactive security screens, reception counters, cash management systems and associated security equipment.  Safetell's customers range from leading blue chip organisations to single sites including banks and building societies, police forces and the Post Office, local authorities and government departments, forecourt retailers and supermarket chains. More information can be found at www.safetell.co.uk 

 

END

 

 

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