Access Intelligence PLC
21 February 2007
FOR IMMEDIATE RELEASE 21 February 2007 7:00am
ACCESS INTELLIGENCE PLC
('Access Intelligence' or 'the Group')
PREMLIMINARY RESULTS ANNOUNCEMENT
Thursday, 15 March 2007
Access Intelligence will be announcing preliminary results for the year ended 30
November 2006 on Thursday, 15 March 2007. On the day the Group will be holding
an analysts' and private client brokers' meeting, the details of which are as
follows:
Date: Thursday, 15 March 2007
Time: 12.15 pm for 12.30 pm
Venue: Corporate Synergy
30 Old Broad Street
London, EC2N 1HT
Jeremy Hamer (Chairman), Brendan Austin (Chief Executive) and Colin Davies
(Finance Director) of Access Intelligence will present the results, the strategy
and future prospects.
For further information:
Cubitt Consulting 020 7367 5100
Brian Coleman-Smith / Leanne Denman / Allison Reid
Background Note
Access Intelligence is a Software and Computer Services group of companies
providing business critical compliance and legislative driven services to both
public and private sectors on a recurring revenue basis. Since the flotation on
AIM in November 2003, the Group has made three acquisitions all of which have
grown strongly since being acquired.
The Group Today
Access Intelligence is based in York with subsidiaries in York, in Stockport,
Greater Manchester, Chorley, Lancashire and Newcastle upon Tyne.
The company has two principal divisions which are:
* Compliance software and services division:
This includes a range of software including The Virtual Compliance OfficerTM
which enables companies in the retail financial services sector to support their
customer acquisition process whilst also ensuring that they comply with ever
increasing regulations from the EU and the FSA.
Our suite of sourcing and procurement software streamlines and reduces costs of
tendering and contract management for both buyers and suppliers in the public
and private sectors. The government has the objective that all public sector
bodies comply with its directive to use methods such as electronic tendering for
goods and services in order that it can meet its planned reductions in public
spending.
* Data storage back-up retrieval division:
The architecture and provision of high availability systems for mission critical
applications that enable customers' data to be available at all times in the
event of computer failure.
Online offsite data storage and retrieval Backup & RunningTM via secure data
centres.
Email archiving. There is an ever increasing compliance emphasis driven by
initiatives such as Sarbannes-Oxley to ensure data is held appropriately and can
be retrieved easily when required.
The Business Model
The Group's income strategy is to build repeating revenues delivered through
recurring contracts ranging between one and five years. This model provides
excellent visibility of future revenues and, with effective customer retention,
outstanding gross margins over the longer term.
The Strategy for Growth
The strategy is to acquire businesses which have good management and high growth
potential that fit the revenue model while, at the same time, adding value to
the Group's existing services.
The businesses acquired will have substantial autonomy to develop within budgets
agreed with the Group Chief Executive and Finance Director, whilst benefiting
from the experience and cross selling opportunities provided by being part of an
expanding group of companies. New companies to the group can take advantage of
back office facilities where appropriate thus enabling them to concentrate on
the core activities of customer acquisition, service delivery and product
development.
At this stage of the Group's development, the Central Group Executive Team,
which is based in York, will be kept to a maximum of four people, including
support staff. The Non-Executive Directors will continue to be involved in
sourcing and evaluating potential acquisitions and monitoring the performance of
the Group.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
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