Photo-Me International PLC
17 October 2007
Wednesday 17 October 2007
PHOTO-ME INTERNATIONAL PLC
Chairman's AGM Statement
At the start of today's AGM of Photo-Me (PHTM.L), the digital imaging company,
the Chairman, David Young, will make the following statement:
'Trading is on track to meet the Board's expectations for the year to 30 April
2008. In vending, revenues have held up well in each of the major territories of
the UK & Ireland, France and Japan, following an improved performance in the
important month of September. In manufacturing, some sales were delayed but,
with a recent substantial minilab contract and the scheduled introduction of new
wholesale lab technology, this activity is expected to perform more strongly in
the second half.
Recruitment of a new Chief Executive Officer is making good progress.
The Board expects to announce Photo-Me's results for the half year to 31 October
2007 in mid-December 2007. Now that the Vending Division disposal process has
been terminated, Photo-Me's interim results will include a significant
exceptional charge in relation to professional costs incurred in connection with
Photo-Me's Strategic Review.'
Enquiries:
Photo-Me International plc 01372-453 399
David Young (Chairman)
Serge Crasnianski (CEO)
Jean-Luc Peurois (GFD)
Bankside Consultants Limited
Charles Ponsonby 020-7367 8851 / 07789-202 312
This information is provided by RNS
The company news service from the London Stock Exchange
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