AGM Statement

RNS Number : 3726V

Brulines Group PLC

09 July 2009

 



Press Release

9 July 2009

Brulines Group plc

('Brulines' or 'the Group')

AGM Statement and Trading Update

Brulines Group plc (AIM:BRU), the market leading provider of real time monitoring systems and data management services for the UK leisure sector, will be holding its Annual General Meeting today at 09:00 hrs at Grant Thornton UK LLP, 1 Whitehall Riverside, Leeds.

James Newman, Chairman, will provide the following trading update at today's meeting:

'Trading in the current year has been robust and in line with management's expectations with the Group's beer monitoring division benefitting from high levels of recurring revenues.  Irrespective of any wider uncertainty in the pub industry, the Board is confident that Brulines' systems will continue to attract strong demand due to the operational transparency that they can offer any pub operator.  

'The recent acquisitions of Edensure and Vianet have further diversified the Group's offering.  Both Edensure and Vianet have achieved some important sales and are trading in line with management expectations.

'We are very pleased that our recent growth is proving sustainable in the current climate which we see as an invaluable opportunity for our recent acquisitions to gain market share.  With an expanded offering and continued success in the Group's traditional markets, the Board is confident of maintaining Brulines' growth in the future.'

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Enquiries:

Brulines Group plc
James Dickson, Chief Executive	Tel: [phone]
[e-mail]
Mark Foster, Finance Director
[e-mail]	www.brulines.com

Cenkos Securities plc
Stephen Keys	Tel: [phone]
	www.cenkos.com

Media enquiries:

Abchurch Communications
Sarah Hollins / Chris Lane / Jack Ballantyne [e-mail]	Tel: [phone] www.abchurch-group.com

About Brulines

Brulines Group is focused on the provision of real time monitoring systems and data management services for the UK's pub, leisure, gaming and petrol sectors. The Group has four core divisions:

Dispense Monitoring (DMS)	The Group's core product, DMS, is widely used by owners and operators within the UK licensed on-trade, especially the tenanted / leased pub sector. Intelligent Flow Meters ('IFM'), connected to draught beer dispense lines send data via an on-site communication panel to a secure central database. Liquid volumes by fount, spirit optic, draught wine or post mix are tracked as they are served, thereby helping customers to maximise sales, service and quality as well as managing their costs . DMS is installed in over 22,000 pubs and manages data for more than one in three UK pubs.
i-draught (formerly BQM)	i-draught is an extension of the Group's DMS and is the first system to provide effective measurement of true yields on draught products. Actual dispense volumes are compared with till transactions to identify shrinkage from products given away, pilferage and wastage. BQM measures the precise temperature of every pint as it is dispensed, the time taken to dispense each drink, and automatically identifies the liquid allowing customers to know exactly when lines are cleaned. Wherever they are customers can stay in control through accessing their information on a secure web site.
Leisure	The Group's subsidiaries Machine Insite and Coin metrics are involved in monitoring Amusement with Prize Machines ('AWP'). Customers benefit from state-of-the-art real-time data capture and reporting systems that deliver improved machine profitability and operational security.
UK Petrol Forecourt Management	The Group's wholly-owned subsidiary, Edensure, supplies key management information to independent, multi branded owner, and supermarket petrol forecourt operators in the UK which helps reduce loss of fuel and improve profitability.
Vending  Telemetry	The Group's subsidiary Vianet is a pan-European provider of telemetry solutions and data applications to the vending industry and also provides leading m2m connectivity solutions.

Headquartered in Stockton-on-Tees, Brulines employs more than 240 people. 

For further information, please visit www.brulines.com

 

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