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Fidelity Systems PLC (FID)

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Wednesday 21 January, 2009

Fidelity Systems PLC

Trading Statement


                             FIDELITY SYSTEMS PLC                              

                 TRADING STATEMENT AND SHAREHOLDER INFORMATION                 

Since my last interim report and despite the current turbulent economic
situation I am pleased to be able to report a continued flow of orders from
existing clients plus many contracts from new clients. We are now starting to
reap the benefit from the increase in the number of ongoing annual system
support contracts mainly coming in from the education and public sectors. In
addition, the income from the sale of software to our national and
international distributors has continued to increase steadily. By the start of
the second quarter of 2009 we shall have released our new suite of back office
software. Still to be named, this new product is aimed at the top end of our
market and is the culmination of nearly three years worth of development.
Having many unique features it will ensure the continuation of Fidelity's
market leading position in our sector. The new product will give us many
opportunities to increase revenue by upgrading existing Fidelity users to the
new software. We have a couple of new large projects ongoing which I will
hopefully be able to release a further announcement before our final results.

With regard to the financial mess the country is in I shall ensure that in the
short term all expenditure at Fidelity is kept to an absolute minimum. We have
ample cash reserves, no long or short term borrowings, no bank loans or
overdrafts, we own the freehold on our head office property and the majority of
the vehicles are paid for. So saying we are increasing the budget for marketing
this year with a revamp of the company's marketing media plus the new web site
should be live within the next month. Having been in business during two
previous economic downturns, I am making sure that the support level to our
existing clients does not slip and that maximum effort is being made to attract
new ones.

Finally the following shareholder information has been disclosed to the Company
under section 198 of the Companies Act 1985.

The company has received notice that following the purchase of shares Melvyn
Warren Sadofsky now holds a total of 1,105,000 Ordinary 10p shares in Fidelity
Systems plc (3.29%)

The Directors of Fidelity Systems plc accept responsibility for this
announcement


                                                                                                                                                                

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