Printing.com plc
03 August 2005
FOR RELEASE 11.00AM 3 August 2005
PRINTING.COM PLC
('Printing.com' or 'the Company')
Specialist retail chain with 139 Outlets (open or pending) across the UK
AGM Statement
George Hardie, the Chairman of Printing.com, will make the following comments on
current trading at the Annual General Meeting to be held at 11.00am in
Manchester today:
Network Update
The table below sets out the recent growth in Printing.com's estate.
3 August 1 June 31 March
2005 2005 2005
Company owned Stores * 9 9 9
Franchised Stores** 37 36 33
Open and pending under option
Bolt-on Franchises*** 93 82 77
Total 139 127 119
* Bristol Store currently under Option
**Includes Territory Franchises and Boutique Franchises
***Includes Guerrilla Franchises
When we last updated the market, on 1 June, we reported, inter alia, that we
were currently opening an outlet every fifth working day and expressed our
optimism that the rate of estate development would accelerate. The table above
clearly indicates that indeed this has happened, with the network now standing
at 139 outlets open or pending as our expansion continues to gather pace.
We are pleased to report that the Territory Franchises in Coventry and Guildford
commenced trading in July. In addition, Options (each involving the payment of a
non-refundable deposit of £6,000) have been taken out covering the Southampton
Territory and the presently Company owned Store in Bristol. Of the 9 Territory
Franchise Options that currently exist, we anticipate that 5 of these outlets
will be trading by the close of the first half of the current financial year.
The first of our Boutique Franchises has also commenced trading.
An additional 12 Bolt-on franchise Agreements have been completed since the last
market update, 4 of which are centred on our new Guerrilla format. One agreement
has terminated.
Current Trading
Certain market sub-segments, essentially retail and leisure have proved more
challenging over recent months: however, the Company did not experience the
overall very soft trading in June / July that occurred last year. Accordingly
sales volumes so far this year are broadly in line with budget.
Outlook
Clearly momentum continues to build and the Directors remain confident about the
prospects for the Company.
For further information:
Printing.com plc
Tony Rafferty (Chief Executive) 07966 517 336
Alan Roberts (Finance Director) 0161 848 5713
Beattie Financial
Brian Coleman-Smith / Jo Clewlow / Tim Pilgrim 020 7053 6400
Background note:
Printing.com
Printing.com offers a broad product range including leaflets, postcards,
promotional cards, invitations, letterheads and business cards to consumers and
small and medium sized companies. Unlike its competitors, Printing.com Stores do
not have any printing equipment on location. The Company's printing and
ancillary equipment is based at the centralised Production Hub with the head
office in Manchester. All work is produced in full four colour rather than two
colour. Delivery to the customer is usually within three days. The printing
sector has traditionally been served by smaller printing companies or other On
Demand Printers and is estimated to be worth some GBP1 billion.
Printing.com has three routes to market: Franchise Stores, Bolt-on Franchises
and Company owned Stores.
Printing.com Outlets
Outlet Region Town Post Code
Red Hot Media East Lowestoft NR32 1EB
Goldengate East Suffolk IP30 9QS
Dublin Store Ireland Dublin Dublin 2
North Dublin Store Ireland Dublin Dublin 7
Central London Store London Baker Street NW1 6UY
Hampstead Store London Hampstead NW3 5HS
Watford Store London Watford WD17 1RA
Harrow Store London Harrow HA7 2QJ
Reading Store London Reading RG1 4QA
Ealing Store London Ealing W13 8SB
Orpington Store London Orpington BR6 0JY
Luton Store London Luton LU1 2PL
Guildford Store London Guildford GU1 3HY
Expocentric - Wardour London Soho W1V 3AU
Expocentric - Dover London Mayfair W1X 3PH
Full Colour Store London Clapham SW17 9SH
Print Express London Colindale NW9 5DL
0800 Promote London Finchley N3 1TR
Printer Net Services London Wimbledon SW19 8TY
London Print Compamy London Shaftesbury Avenue WC2H 8EB
Printhouse London Nottinghill W11 3HT
0800 Promote London North Finchley N12 9QG
Toppers London Stevenage SG1 3HR
Harrow Life London Harrow HA1 2EA
Birmingham Store Midlands Birmingham B5 4JL
Oxford Store Midlands Oxford OX2 7HT
Leicester Store Midlands Leicester LE1 1LB
Wolverhampton Store Midlands Wolverhampton WV1 4BL
Nottingham Store Midlands Nottingham NG1 6DQ
Coventry Store Midlands Coventry CV2 4BE
Kaleidoscope Midlands Leamington Spa CV31 1BZ
Albry Printing Company Midlands Wallingford OX10 9DA
Final Imaging Midlands Sawtry PE28 5SB
Dove Signs Midlands Nuneaton CV11 6GX
Custard Creative Midlands Northampton NN3 6WL
Cre8ive Design Midlands Kenilworth CV8 1JD
For Colour Midlands Newark, Nottingham NG24 1LE
Sign It Midlands Beeston, Nottingham NG9 2AY
Ozmedia Print Midlands Barrow Upon Soar LE12 8JH
Pewter Design Midlands Market Harborough LE16 7DS
St Ives Quickprint Midlands St Ives PE27 3WS
Artichoke Design Midlands Birmingham B18 6NN
The Ideas Room Midlands Leicester LE3 0DL
Ideas Taking Shape Midlands Rugby CV21 2SD
Graphic Results Midlands Belper DE56 1AY
The Studio Midlands Walsall WS1 1JQ
Hussellworks Midlands Halesowen B63 3HR
First Image Midlands Coventry CV5 7FW
Hull Store North East Hull HU1 2AG
Newcastle Store North East Newcastle NE1 5EE
Leeds Store North East Leeds LS1 3DL
Middlesbrough Store North East Middlesbrough TS1 1LY
Sheffield Store North East Sheffield S1 4GF
Colour Box Design North East York YO24 1AR
Multiprint North East Normanton WF6 2AF
Print House Direct North East Bishop Auckland DL14 0LZ
The Factory North East Leeds LS12 2DS
Maskerade Design North East Sunderland SR2 7PR
Pro-Actif Communications North East Darlington DL3 7TD
GOWEB North East Wakefield WF2 9BL
Creative Web design UK North East Alnwick NE71 6EA
Bluprint North East Rotheram S60 8LZ
Colour Box Design North East York YO23 1NA
Web Rocket Design North East Durham DH1 1RF
Blah D Blah North Wales Bangor LL57 1NY
Manchester Store North West Manchester M3 4BQ
The Hub North West Trafford Park M17 1FG
Liverpool Store North West Liverpool L2 2HF
Lancaster Store North West Lancaster LA1 1XN
Warrington Store North West Warrington WA1 1EP
Granthams - Preston North West Preston PR1 2UQ
Granthams - Blackpool North West Blackpool FY1 4PE
Print Design Warehouse North West Marple SK6 7AD
RAS Limited North West Chester CH3 5AG
Silverback North West Isle of Man IM1 2LA
Mailboxes North West Stockport SK1 1LE
Printel North West Widnes WA3 8LG
ER Design & Print North West Alsager CW2 5PR
Impact Advertising North West Timperley WA15 7SP
Masterprint North West St Helens WA10 1DH
Copycat North West Maghull L31 2HB
Utopia North West Birkenhead CH41 7AB
Alert 2 Media North West Manchester M1 1DZ
Print Hub Design North West Bolton BL1 3QJ
Wild Thang North West Bootle L31 2HB
Soda North West Golbourne WA3 3BU
ScissorsPaperStone North West Eccles M30 8GH
Brightspark North West Carlisle CA2 5BB
Openhouse North West Manchester M1 6DE
Fluid Media North West Bury BB5 2LB
Bradbury Graphics Northern Ireland Belfast BT7 1BS
Xpress Creative Northern Ireland Newtonabbey BT36 4PU
Mooney Media Northern Ireland County Down BT32 4QD
Edinburgh Store Scotland Edinburgh EH3 6QY
Edinburgh Store Scotland Edinburgh EH3 9LY
Glasgow Store Scotland Glasgow G3 8LZ
South Glasgow Store Scotland South Glasgow G5 9RR
Color Co. - Edinburgh Scotland Edinburgh EH2 2PA
Glasgow Print Scotland North Glasgow G64 1RX
Hamilton (662c) Scotland Hamilton ML3 7AR
Brighton Store South Brighton BN2 8AA
Ashford Store South East Ashford TN24 8UU
TRS Graphics South East Croydon CR2 6EB
Felix Communications South East Rochester ME2 4HZ
Studio Direct South East Chelmsford CM2 6HE
Lussh Creative South East Chesterfield S40 2BY
Inprint South East Colchester CO1 1PB
Jelly Bean Graphics South East Croydon CR9 6YJ
Haus of Print South West Andover SP11 6RU
Bristol Store South West Bristol BS1 3LZ
Plymouth Store South West Plymouth PL4 0AU
Bournemouth Store South West Bournemouth DT1 1HS
Anneset South West Weston-Super-Mare BS23 3DE
Presto Print South West Christchurch BH23 1QD
Malthouse South West Taunton TA1 3EP
Wessex Direct South West Minehead TA24 5UB
Print Creative South West Bath BA1 2JB
Printing South West South West Totnes TQ9 5DW
Australian Welsh Wales Cardiff CF14 3JP
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The company news service from the London Stock Exchange
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