Additional Trading Update

RNS Number : 6277V

Synchronica PLC

16 January 2012

 



Synchronica plc

Additional Trading Update

Synchronica plc("Synchronica" or "the Company") (AIM: SYNC) (TSX Venture: SYN), announced on 13 January 2012 that it expects to report full year revenues of approximately US$23 million for the year ended 31 December 2011. 

Synchronica also announces today that, according to unaudited data from its internal management reports, the Company was profitable at the EBITDA level for the months of November and December 2011, subsequent to the significant cost-reduction initiatives recently implemented.

The statement above regarding EBITDA levels for November and December 2011 is considered a profit forecast under Rule 28 of the Takeover Code.  The Company cannot include in this announcement any assumptions required by Rule 28.2 (b) as it has not yet had an opportunity to have this forecast reported on.  However the Panel has consented to the reports required by Rule 28 on the above statement to be released in a further announcement within one week of today's date.

It is expected that full audited results will be released to the market during March 2012.

For corporate information, please contact:

Synchronica plc [phone]	Chief Executive Officer	Angus Dent
Northland Capital Partners [phone]	Nominated Advisor Corporate Broker	Shane Gallwey; Rod Venables Katie Shelton
Walbrook PR Ltd [phone]	Media and Analyst Enquiries, UK	Paul McManus [e-mail]
TMX Equicom [phone] Ext 290	Media and Analyst Enquiries, North America	Craig MacPhail [e-mail]

About Synchronica

Synchronica plc is a leading developer of standards-based, next-generation mobile messaging solutions for mobile operators and device manufacturers. The Company's flagship product - Synchronica Mobile Gateway - provides pre-RCS push email, synchronisation, instant messaging (IM), and social networking services to any mobile phone currently in use. Synchronica's patented transcoding technology uses advanced streaming to download email attachments and dramatically reduces the consumption of wholesale network bandwidth by as much as 90 percent.

Synchronica's white-labelled products are licensed by more than 90 mobile operators and eight device manufacturers from emerging and developed markets, delivering mass market messaging services across the entire customer base, providing competitive advantage, diversifying revenues, and reducing churn.

Synchronica is headquartered in the United Kingdom and has a regional presence in Canada, as well as the USA, Hong Kong, Spain, and Dubai. Synchronica also operates dedicated development centres in Germany and the Philippines. A public company, Synchronica is traded on the AIM list of the London Stock Exchange (SYNC) and the Venture Exchange of the Toronto Stock Exchange (SYN). For further information, please visit www.synchronica.com

Cautionary Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Synchronica. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from Synchronica's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by Synchronica with the TSX Venture Exchange and securities regulators. Synchronica does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

 

END

 

 

TSTBFMTTMBIBBLT