Information  X 
Enter a valid email address

Vicorp Group PLC (VICP)

  Print   

Thursday 21 June, 2007

Vicorp Group PLC

First Day of Dealings on AIM

Vicorp Group PLC
21 June 2007

Embargoed until 8.05am
                                     21 June 2007



                                VICORP GROUP PLC
                    ('Vicorp', 'the Group', or 'the Company')



                                ADMISSION TO AIM



Vicorp Group Plc (Ticker: VICP), a leader in the market for advanced service
creation technologies in the communications sector, is pleased to announce its
Admission to AIM. The Group provides software, which is coded in Voice XML
('VXML'), a programming language which is used to facilitate voice interactions
with computer systems. The Group has appointed Zimmerman Adams International
Limited as its Nominated Adviser and SVS Securities plc as its Financial Adviser
and Broker.





Admission Highlights



•         The Group has raised £1.62million, before expenses
•         The Group has placed 40,475,000 million shares at a price of four
          pence
•         On Admission the market capitalisation of the Group will be £7.7
          million





Vicorp - Key Information



•         Key product is xMP - an end-to-end Interactive Voice Response
          ('IVR') application which creates and manages complex voice and
          data services
•         Growth in the voice applications market is forecasted to grow at a
          CAGR of 22 per cent. to 2009, and is estimated to be worth $1.2 
          billion at the end of 2007
•         Global product and services agreements in place with Cable and
          Wireless and IBM
•         Vicorp's products are the technical leaders in the VXML tools
          market
•         Contract signed with Barclays Bank in April 2007 for development of
          voice applications. In the Directors opinion, the contract may be 
          worth up to £2.75 million in the next two year period with revenues 
          being recognized on a project by project basis
•         Considered 'the leading independent vendor of service creation
          tools in the market' by Datamonitor in March 2007





Brendan Treacy, Chief Executive of Vicorp, commented;

'We are delighted to announce our Admission to AIM, the culmination of two years
hard work for the Group and the start of the next phase of our development.
Vicorp's portfolio of leading products and the fund raising will allow Vicorp to
market this portfolio more extensively, and develop key partner and customer
relationships.'

'At the same time as companies around the world look for better and more
efficient voice services to be made available to customers, so Vicorp is set to
use its technology to take advantage of this combined drive for better quality
and efficiency from IVR services.'





For further information, please contact:



Vicorp Group Plc                                   01753 660 566
Brendan Treacy, Chief Executive

Zimmerman Adams International Ltd                  020 7060 1760
Ray Zimmerman

SVS Securities Plc                                 020 7638 5600
Richard Morrison or Peter Manfield

Conduit PR                                         020 7429 6666
Christian Taylor-Wilkinson or Charlie Geller







                                     -ends-


                      This information is provided by RNS
            The company news service from the London Stock Exchange                                                                                                                                                                                                                                                

a d v e r t i s e m e n t