26th Jun 2012 07:00
26 June 2012
Tangent Communications plc ("Tangent" or the "Company")
AGM Statement
Timothy Green, Chief Executive, will make the following statement at the AGM to be held later today:
The first quarter has seen a record performance in both the customer numbers and revenues from printed.com. The surge of retail customers to printed.com is expected to establish new trends in revenues and advertising costs as the business evolves.
Revenues from digital marketing activity at Tangent Snowball were strong notwithstanding the impact of reducing income from our Australia office.
Profits for the first quarter are in-line with management expectations.
The recent appointments of Michael P. Green as Chairman and David Steyn as a non-executive Director will greatly assist the Board in addressing the complex options ahead.
For further information, please contact:
Tangent Communications plc 020 7462 6100
Timothy Green, CEO
Canaccord Genuity Limited 020 7523 8350
Bruce Garrow
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