Trading Update

RNS Number : 0663M

Newmark Security PLC

18 May 2010

 



Press Release

18 May 2010

Newmark Security plc

("Newmark Security" or "the Company")

Trading Update

Newmark Security plc (AIM:NWT), a leading provider of electronic and physical security systems, is pleased to provide the following update on trading prior to the Company's Final Results for the year ended 30 April 2010 which will be announced in July 2010.

At the time of the Company's Interim Results announced on 18 December 2009, the Board highlighted that with the number of projects in hand, the prospects for the second half were extremely encouraging. Trading in the Asset Protection (Safetell) and Electronic (Grosvenor Technology) divisions has been good and in light of this, the Board expects to meet market expectations for the full year.

Maurice Dwek, Chairman of Newmark Security plc, said: "The Company continues to experience a high level of interest in its products and services, with Grosvenor recently signing two significant contracts with major global retailers. The muted recovery of the UK economy affects all our customers, but we look forward to the future with confidence particularly with the very exciting potential of our recent investment in technology in the cash-in-transit market."

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For further information:

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

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

Media enquiries:

Abchurch
Henry Harrison-Topham / Mark Dixon	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 brand OEM product range.  Clients include BAE Systems, UK Air Traffic Control, BSkyB, Merrill Lynch (Europe, Middle East and Asia) as well as M&S, Morrisons, Tesco, Network Rail, British Royal Palaces, government departments and 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 

 

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