AGM Statement

Vislink PLC 6 June 2001 6 June 2001 Vislink plc Annual General Meeting Statement - Wednesday 6th June 2001 Vislink plc ('the Group'), the leading global designer and manufacturer of microwave transmission equipment for broadcast TV, held its Annual General Meeting today. At the AGM, the key points from the update given by the Chief Executive Ian Scott-Gall to the shareholders present at the meeting were:- * The Group's order intake for the five months to May 2001 was £32m. * In addition, we have been made the nominated supplier on two significant international communications tenders which are expected to benefit the second half. * The outstanding order book at £19m remains firm. * Trading in MRC, our US microwave TV broadcast systems business, has been strong to date, although there are now signs that the US economic slowdown is starting to lengthen the sales cycle. However, support for our markets in the US should continue to come from the FCC mandated requirement for commercial TV stations digital Studio to transmitter links to be in place by May 2002. * In the current economic conditions, the Board expects this year's pattern of trading to broadly follow last year, with a modest first half and a stronger second half. * Whilst trading is tougher, the Board remains confident that the Group's opportunities for growth remain in place. Ends For further information on Wednesday 6 June 2001, please contact: Ian Scott-Gall 01488 685500 Chief Executive, Vislink plc James Trumper 01488 685500 Group Finance Director, Vislink plc Andrew Edwards / Stephen Anstee 020 7597 5970 Investec Henderson Crosthwaite
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