29th Apr 2008 07:01
Gresham Computing PLC29 April 2008 Embargoed until 07.01 HRS (BST) 29 April 2008 Gresham Computing plc ("Gresham," "the Group" or "the Company") Interim Management Statement Period 1 January 2008 to 28 April 2008 We started the year with a very substantial level of contracted revenues for2008. We have a strong pipeline of new or incremental revenue in each of ourcore areas of business. We are aggressively pursuing these opportunities, whichwe believe should have a significant impact on our trading performance in 2008and beyond. We will dispose of non-core businesses as the opportunity arises. In February 2008, we were pleased to announce a substantial contract win for a treasury management solution with a blue chip customer.The implementation of this solution is expected to be completed during 2008. I am pleased to report that our trading performance in Q1 2008 was significantlyahead of that seen in the comparative period with cash balances broadly similarto those held at 31 December 2007. We are working towards improving theseresults further during 2008 and beyond. I am also pleased to confirm the appointment of Eric Sepkes, ex Citigroup and aleading innovator in the global banking industry, as Chairman to help acceleratethe roll out of our unique solutions to the global finance and banking marketsand further develop Gresham's thought leadership in real-time financialsolutions. Further information in respect of the Group's performance and position for theperiod 1 January 2008 to 28 April 2008 can be found in the Preliminary Resultsfor the year ended 31 December 2007, announced today, and the 2007 AnnualReport, which will be sent to shareholders shortly. For further information, please contact: Gresham Computing plcAndrew Walton-Green, CEO +44 (0)20 7653 0200 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
GHT.L