MILESTONE GROUP PLC
("Milestone" or the "Company")
Launch of new product
Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology
solutions, is pleased to announce the release of its new product, Adequate
Procedures Programme ("APP") to assist companies in complying with the Bribery
Act 2010.
APP is a unique service which assists companies in measuring compliance with the
Bribery Act and assesses what procedures are in place to prevent bribery. APP
has been developed in collaboration with BGP Global Services using the FEDS
software that Milestone purchased in August 2011.
The Bribery Act 2010 creates a new offence which can be committed by commercial
organisations which fail to prevent their employees or any other associated
persons from bribing or offering a bribe to another person on their behalf. An
organisation that can prove it had 'adequate procedures' in place to prevent
this will have a defence.
There are many companies providing awareness training on the issues
organisations face under the Act, but few who offer practical tools for
assessing not only compliance with the Act but also what procedures are in place
to prevent bribery.
APP supports and complements a company's anti-bribery and corruption policy by
providing a hassle-free proactive service with automated reporting and a simple
to use interface for entry, reporting and a retrieval of information. APP
simplifies the process of reporting and monitoring of any activity that many be
subject to the Act and can be accessed from any computer as well as mobile
devices allowing secure access from any device and from any location thereby
providing real-time updates and reporting.
Deborah White, CEO, commented:
"There is an increasing need for companies to comply with new codes and
regulations. Our new product enables companies to demonstrate that they are
compliant with the Bribery Act and have the necessary procedures in place should
they need to. It is also another example of the versatility of the FEDS
software."
For further information:
Milestone Group PLC
Deborah White, Chief Executive     Tel: 020 7929 7826
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Avi Robinson     Tel: 020 7148 7900
Hybridan LLP, Broker
Claire Louise Noyce      Tel: 020 7947 4350
College Hill, PR
Jamie Ramsay       Tel: 020 7457 2020
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Source: Milestone Group PLC via Thomson Reuters ONE
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