16th Oct 2008 07:00
Mirada Plc ("Mirada" or the "Group") AGM Statement
Josĩ Luis Vazquez, CEO of Mirada, will make the following statement at the Group's Annual General Meeting to be held today:
"We are pleased with the progress the Group has made this year following the acquisition in February 2008 of Fresh Interactive Technologies SA, ‚£12.8 million fund raising and associated restructuring which has enabled us to focus on the activities of the combined Group with the best commercial prospects.
"Our fundraising in February provided a strong cash footing from which to implement various changes to our activities and strategy. We are now positioned for what looks to be a turnaround period for the Group as we increase the number of commercial agreements and product launches. We have in place a strong network of European contracts and hope to announce to significant new business deals in the future within Europe, the Middle East and South America.
"Having streamlined and simplified our corporate structure, in addition to implementing cost control measures, Mirada is now focusing on the success of four key divisions: Gaming, Media, Touch and Connect.
"As outlined in the final results announced in July, we believe the directionalchanges put in place have successfully given Mirada a solid platform from whichto move forward. We are excited about upcoming ventures and new products indevelopment, and look forward to reporting to shareholders in the future on ourcontinued progress." 16 October 2008Enquiries:Mirada PLC +44 (0) 207 942 7942 Josĩ Luis Vazquez, CEO Haggie Financial LLP +44 (0) 207 417 8989 Nicholas Nelson/Kathy Boate [email protected] Seymour Pierce Limited +44 (0) 207 107 8000 Mark Percy/Parimal Kumar
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