Printing.com plc
03 April 2008
Printing.com plc (the 'Company')
Trading update
Since the last market update, trading across the UK and Ireland has remained
broadly in line with the Company's internal budget, in addition the granting of
Bolt-on Franchises has continued at a buoyant rate. Accordingly, the Company
expects its results for the full year to be in line with market expectations.
The Company has launched a new initiative called Network Partners. This
programme enables third party vendors of personalised promotional merchandise to
market their products through the Printing.com network. Such services must be
complementary and not in competition with the Printing.com core offering and
will include personalised pens, mugs, work apparel and the like. Printing.com
receives a licence fee, merchandising fees and a royalty in respect of this
service. The first Network Partner Licences have now been granted and it is
anticipated that this service will commence June 2008.
Whilst the investment in the Company's French initiative is comparatively
modest, it has none the less outweighed revenues to date. However, with five
French franchisees now in operation, we remain optimistic that during the
current financial year a positive contribution will be achieved.
Encouraged by the progress to date in France, Printing.com intends to launch a
similar initiative in Australia commencing during the third fiscal quarter. In
the case of Australia, shipping from Manchester is of course impractical and
accordingly a third party production partner is being sought. This initiative
has attracted positive Australian trade press coverage and prospective
production partners are presently being scrutinised.
The Company intends to announce its Preliminary results for the year ending
March 31st 2008 in approximately ten weeks and will advise of the intended date
nearer the time.
For further enquiries:
Tony Rafferty - Chief Executive, Printing.com plc (07966 517 336)
Alan Q Roberts - Finance Director, Printing.com plc (0161 848 5713)
Richard Evans - Nominated Adviser, Brewin Dolphin Ltd (0845 270 8602)
This information is provided by RNS
The company news service from the London Stock Exchange
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