18th Feb 2008 14:11
Fairpoint Group PLC18 February 2008 FAIRPOINT GROUP PLC Notice of Full Year Results for the Period Ended 31 December 2007 Fairpoint Group plc will be announcing its full year results for the periodended 31 December 2007 on Tuesday 26 February 2008. There will be an analyst presentation to discuss the results at 11.00am on 26February 2008 at Financial Dynamics, Holborn Gate, 26 Southampton Buildings,London WC2A 1PB. Those analysts wishing to attend are asked to contact Nick Henderson / DavidCranmer at Financial Dynamics on +44 20 7269 7114 / +44 20 7269 7217 or [email protected]./ [email protected] Enquiries: Fairpoint Group PLCAndrew Redmond, Chief Executive Officer 0800 083 1433Andy Heath, Finance Director 0800 083 1433 Financial DynamicsEd Gascoigne-Pees 020 7269 7132Nick Henderson 020 7269 7114 Notes At Fairpoint we develop and operate consumer financial services businesses. We select markets or opportunities which show certain characteristics: •Growing and sustainable consumer demand. •Caused by deep-rooted market, regulatory or economic factors. •Where innovation and effective channel execution can give sustainable differentiation. As such our customers tend to be going through a period of life to which themass financial services market is unable to provide a solution. We make it our business to understand our customers in depth, to help themthrough their short term circumstances, and to continue that relationship, ifthey so choose, into the future. The solutions offered range from basic advice,such as simply destroying credit cards and curbing unnecessary expenditure, tothe following solutions: • consolidation loan • re-mortgage • informal arrangement • individual voluntary arrangement (IVA) • bankruptcy Fairpoint always seeks (unlike many of its competitors who sell specificproducts) to systematically and impartially deliver the best advice to theconsumer and recommend them the most appropriate solution. Over the last few years we have been very much focused on the over-indebtedmarket in the UK. Debt Free Direct has pioneered the debt advice and solutionsindustry and is a clear leader in the provision of IVAs, while Clear Start'simpartial approach has appealed to a new segment of consumers, and has helped totake the relationships with the banks into a new era. Our main objectives are to: •introduce to our existing customer base a further range of 'most wanted' financial products and solutions; •continue to increase our market share, in particular as the market goes through a phase of consolidation; •address the new growth market of cases where customers are over-extended on debt that is secured against their property. In the meantime we will continue to explore opportunities in markets that fitour investment criteria. Fairpoint is based in Chorley, Lancashire, and was admitted to AIM in December2002. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Frp Advisory Group