Dowlis Corporate Solutions plc
27 April 2006
Date: 27 April 2006
On behalf of: Dowlis Corporate Solutions plc ('Dowlis' or 'the Company')
For immediate release
Dowlis Corporate Solutions plc
AGM Statement
At its Annual General Meeting today, at which all resolutions were duly passed,
Colin Cooke, Chairman of Dowlis Corporate Solutions plc, made the following
statement:
'Following the announcement of the Group's maiden set of results on 20 March, I
would like to take this opportunity to update the market on recent trading and
events.
'The Group has made significant progress towards developing a profitable group
with a clear focus to provide services to a wide network utilising our systems
and processes.
'I am comfortable with progress and encouraged by the many new opportunities the
team is working on. We continue to focus on driving organic growth across the
Group's marketing, logistics and information solutions divisions whilst
reviewing opportunities for synergistic acquisitions. Our two new acquisitions
are performing in line with our expectations and we look forward to the
remainder of the year with confidence.'
- ENDS -
Enquiries:
Dowlis Corporate Solutions plc www.dowlis.com
Martin Varley (Chief Executive) 0870 224 6677
David Gray (Finance Director)
Redleaf Communications
Emma Kane/Miranda Good 020 7955 1410
Corporate Synergy PLC
Rhodri Cruwys 020 7448 4400
Zeus Capital
Alex Clarkson 0161 831 1512
Notes to Editors:
• Publication quality photographs are available via Redleaf.
• Dowlis has an experienced Board which comprises: Colin Cooke, Chairman, who
has 21 years' experience as a public company director; Martin Varley, Chief
Executive Officer, who has 17 years' experience in the promotional
merchandise industry and has gained an extensive knowledge of the supply
and distribution sectors of the market; David Gray, Finance Director,
formerly finance director of Gowrings PLC for 10 years; and, Keith Willis,
Non Executive Director, who recently received a lifetime achievement award
from PROMOTA in recognition of his 30 years' contribution to the industry.
• It is estimated that the annual UK market for promotional merchandise is £1
billion (source: PROMOTA), which comprises approximately 2,000
distributors supported by 600 UK based suppliers of a wide range of
products and services.
• The Group currently has four primary sales channels:
Promotional Products - the Directors believe Dowlis is the second largest
distributor of promotional products in the UK. It sources products from around
the World which are then personalised in accordance with the client's brand and
design guidelines in support of their wider marketing campaigns.
Trade OnlyTM - suppliers to independent distributors via an annual catalogue,
exhibition and website. Trade OnlyTM receives orders from approximately 25 per
cent of the UK's distributors who access the Trade OnlyTM range which features
600 products all of which are branded to the distributors' specification. Trade
OnlyTM has entered into a letter of intent with Technologo to provide Trade Only
TM and its distributor customers with the opportunity to show their clients
branded products on screen before they order.
Information Services - a bespoke, industry specific website that contains
detailed information on over 1,000 products including full details of the
supplier and also detailed product information. Revenue is generated from
suppliers wishing to be featured on the website.
Dowlis Communications - a design agency based in Manchester, providing a range
of services which cover all aspects of design and marketing, including print and
brochure production, media planning and buying. It is expected that Dowlis
Communications will provide the platform for a number of potential additional
services that can be added to the Group's offering as the strategy to focus on
marketing services is developed.
The Group's offering is underpinned by its investment in software and
information technology. Its bespoke sales order processing system and product
database was carefully designed to complement the strategy of the Group. The
Directors believe that it will provide the Group with a competitive advantage
over others in the industry.
This information is provided by RNS
The company news service from the London Stock Exchange
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