Access Intelligence PLC
15 April 2005
Access Intelligence plc
('Access Intelligence')
Provision of information and services on a subscription basis
* Sales for 17 weeks to 31 March 2005 up 52%
* Group pre-tax profits for first 4 months just ahead of breakeven
* All group companies making good progress
* Group still holds £2.6 million in cash
* Acquisition activity a top priority
Following the preliminary announcement on 27 February 2005, we wish to give the
following trading update:
'The 17 weeks sales to 31 March 2005 were 52 per cent. ahead of last year on a
like for like basis, continuing the growth evident at the close of the last
financial year. The group pre-tax profit for those first 4 months was just
ahead of breakeven. There will be no tax payable.
Since the beginning of the year on 1 December 2004 the company has added four
new salesmen to the Group's internal sales resource, all of whom are just
beginning to generate revenue.
Backup and Running has introduced a product upgrade and used the skills of its
sister company 'The Marketing Guild' to execute an e-mail marketing campaign
which is beginning to 'bear fruit'.
Wired-Gov is having considerable success with sponsorship which is now sold 60
days ahead. In March it sent 264,867 requested e-mail alerts (March 2004:
197,380) including announcements from the Financial Services Authority (FSA) who
were recently introduced to the service. A growing group of subscribers, now in
excess of 10,000, receive requested e-mail alerts everyday. New products are
planned for launch in the summer to theme information flow, whilst offering
increased sponsorship opportunity.
The Marketing Guild is successfully upgrading its members to its more premium
products and recently signed its 50th 'platinum' member (£1,800 per annum), 6
months after launching this grade of product. A further premium service has
just been launched at £4,800 per annum and already one company has signed up. A
new product feature for members was the introduction in January of 'Webinars' a
training session using the web and telephone saving members several hours when
compared with more traditional training.
Finally the company still holds the £2.6m net cash it raised before Christmas
2004. Acquisition activity is a top priority for the Group and although no
success has yet been achieved this has not been for lack of deal flow. Clearly a
sensibly priced, profitable acquisition would accelerate progress very quickly.'
Enquiries:
Brendan Austin, Access Intelligence 01904 520840
William Vandyk/Luke Ahern, Corporate Synergy 020 7626 2244
Brian Coleman Smith, Beattie Financial 020 7053 6400
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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