Trading Update and Directorat

RNS Number : 0516Y

Access Intelligence PLC

16 December 2010

 



ACCESS INTELLIGENCE PLC

("Access Intelligence" or "the Group")

(Innovative Compliance Solutions)

Trading Update and Directorate Change

The Board of Access Intelligence plc (AIM: ACC) is pleased to report that, following the financial year end on 30 November 2010, the Board expects operating profits to be in line with market expectations, having capitalised £400,000 of Research and Development expenditure relating to products to be launched next year. Turnover will be slightly below market expectations.

The 2009/10 year has been very good for most of our companies and in particular Access Intelligence Media Communications Ltd and Due North Ltd have delivered excellent results. As well as further consolidation of our position in the public sector, we have also made significant progress in the private sector with several new contract wins.  After a strong first couple of months however, it has been a difficult period for our latest acquisition, Cobent Ltd, where sales have proven slow to close in the prevailing economic climate. We remain confident that we have an excellent software product in the Cobent LCS and look forward to this division's future growth. 

The preliminary announcement is planned for Monday 7^th March 2011 with the AGM for Tuesday April 12^th 2011 at 10.00am in London.

Director Appointment

The Board is also pleased to announce that Joanna Arnold, the Corporate Development director of Access Intelligence since 2008, has agreed to join the Board of the Company with immediate effect.

Marguarite Joanna Arnold (Aged 29), Corporate Development Director

Joanna Arnold joined Access Intelligence in December 2008. Since that time she has completed three acquisitions and two funding rounds in her capacity as Corporate Development Director. Prior to Access Intelligence, Joanna was an Investment Manager at Elderstreet Investments Ltd specialising in technology. She was previously a Fixed Income Investment Analyst at European Credit Management specialising in Leveraged Loans. Joanna has an MA in Modern Languages from Edinburgh University.

Joanna has experience in growing and advising technology companies in the UK, predominantly start-ups and high-growth medium-sized businesses (£10m+ annual sales).

Michael Jackson, the Executive Chairman of Access Intelligence, commented:

"We welcome Joanna Arnold to the Board.  Her appointment signals our continued focus on making value accretive acquisitions in the software as a service space" 

This announcement contains all information required to be notified in accordance with Rule 17 and Schedule 2 (g) of the AIM Rules.

For further information:

Access Intelligence plc
Michael Jackson (Chairman) Jeremy Hamer (Finance Director)	020 7831 5088 07977 234 614
Northland Capital Partners Ltd
Shane Gallwey / Katie Shelton	020 7492 4750
Cubitt Consulting	020 7367 5100
Chris Lane / Samantha Boston

 

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