Screen Technology Group plc
21 September 2007
Screen Technology Group plc
Trading update
Screen Technology Group plc ("Screen Technology" or the "Company") announces
that trading for the current year remains challenging. The Board remains
encouraged by the level of interest shown in the new ITrans modular product.
However, despite the interest shown by a number of potential customers, sales in
the year to December 2007 are expected to be below expectations.
The ITrans modular screen was launched over the summer and we have received
encouraging expressions of interest, particularly from a number of the
specialist screen marketing companies. The Company can now offer a range of
product variants, notably: fixed format screens for 'through the window' retail
applications, the ITrans modular product which is fully scaleable to virtually
any size and aspect ratio, and the ITrans tile available to OEM partners for use
in street furniture and other applications.
The Company's enquiry pipeline has recently been strengthened significantly as a
result. The Company is continuing to focus on its relationships with existing
and new added-value-resellers and OEM manufacturers however the time frame in
which these enquiries will translate into orders remains uncertain. Given the
level of enquiries the Board remains confident that the Company is capable of
achieving a very significant level of sales in 2008.
Screen Technology continues to manage its cost base extremely carefully but, as
a consequence of the delay in translating enquiries into sales, the Company is
now required to seek further funding. The Board is exploring various
alternatives in this regard and a further announcement will be made as soon as
possible.
Enquiries:
Screen Technology Group plc 01223 559600
Thomas Jarman, CEO
Charles Stanley Securities 020 7149 6000
(Nominated Adviser)
Russell Cook
Henry Fitzgerald O'Connor
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.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.