Directors Share Purchases
Access Intelligence PLC
23 October 2006
FOR RELEASE 7.00AM 23 OCTOBER 2006
ACCESS INTELLIGENCE PLC
('Access Intelligence' or 'the Company')
(Software and computer services group providing critical and legislative driven
services to both public and private sectors on a recurring revenue basis)
DIRECTORS ACQUIRE 310,002 ORDINARY SHARES
The board of Access Intelligence announces that it has been notified that
further to the share placing on Tuesday 17th October 2006, the following
directors have acquired a total of 310,002 ordinary shares at 6 pence per share
and are interested in the following number of ordinary shares in the Company:
Director Number of Shareholding Percentage of
ordinary shares following the total ordinary
acquired placing shares in issue
Brendan Austin 108,334 3,031,649 2.76%
Colin Davies 41,667 2,574,259 2.34%
Jeremy Hamer 108,334 2,237,100 2.04%
Ian Savage 51,667 209,667 0.19%
For further information:
Access Intelligence plc
Jeremy Hamer (Chairman) 01904 520840
Brendan Austin (Chief Executive) 01904 520840
Colin Davies (Finance Director) 01904 520840
Corporate Synergy Plc
Rhod Cruwys / David Seal / Shane Gallwey 020 7448 4400
Cubitt Consulting
Brian Coleman-Smith / Allison Reid / Leanne Denman 020 7367 5100
Background Note:
Access Intelligence has three operating divisions:
Data backup and recovery
* Willow Starcom (Ridgeway Technologies), based in Chorley, provides
specialist IT services across a broad range of market sectors that include data
storage, backup and recovery, network design support and consultancy and
hardware and software maintenance support services. It has growing recurring
revenues from these activities of over £1.25 million per annum.
* Backup and Running, now based within Willow Starcom, provides an
online data storage and disaster recovery service, which the client can
customise to their own requirements. The service offers significant advantages
over other alternative systems in that it backs up automatically and can provide
a complete backup history for at least three years.
Compliance software
* Due North, based in Newcastle-Upon-Tyne, is a developer and
provider of e- commerce solutions, primarily to the public sector and emergency
services. The range of products includes an e-tendering module combined with an
e-auction module. It's software is used widely in the local authority sector. It
is the principle supplier to Police Authorities through the Blue Light Portal
and also the Regional Fire and Rescue Authorities.
* MS2M, based in York, develops compliance software for the financial
services industry. It has a number of products, the most notable of which is its
'Virtual Compliance Officer', which assists companies to comply with the
Financial Services Authority's ('FSA') regulatory requirements in a number of
areas including, Retail Mediation Annual Reporting and Senior Management
Arrangements, Systems and Controls. MS2M charges a licence fee and recurring
support revenues on a per seat basis. Typically new contracts are three years in
length and renewable thereafter. The company has approximately 20,000 seats
being used by organisations such as the Royal Bank of Scotland Group, the
National Australia Banking Group and other financial institutions. The directors
believe that the increasing compliance requirements both in the UK and the
European Union will continue to fuel growth.
Marketing services and information
* The Marketing Guild, based in York, which provides marketing advice
and support to small and medium sized businesses. This is in the form of
newsletters, consultancy, lead generation and member's services.
* Wired Gov, based in Stockport, provides an online information
service delivering press releases from over 100 government and public sector
bodies. Subscribers can customise the service specifying the agency or topic
they require.
This information is provided by RNS
The company news service from the London Stock Exchange