9th Jan 2006 07:00
Datacash Group PLC09 January 2006 DataCash Group Plc: DATA / Index: AIM / Sector: Support Services 9 January 2006 DataCash Group plc ('DataCash' or 'the Company') Pre-Close Trading Update The Directors of DataCash Group plc, the AIM listed payments service provider,are pleased to announce a pre-close trading statement to highlight the Company'ssuccesses through 2005: • The Company achieved pre-tax profits (pre-goodwill amortisationand exceptional items) in line with market expectations. • Net Cash balances at the end of the year rose from £3.2m to morethan £4.8m. • Transaction volumes grew strongly throughout the year to morethan 60m (2004: 41m) driven by the Company's continued success as the UK'sleading independent payment service provider. • The Company appointed Mr. Andrew Dark as its new CEO effectivefrom January 2006. Mr. Dark has considerable experience in the paymentsindustry, and relationships with a number of important retailers, channelpartners and banks. He is expected to add significantly to DataCash'sopportunities in 2006 and the Directors welcome him to the Board. • The Board believes the prospects for 2006 are good, with furtherstrong growth expected in the Company's core business. DataCash anticipates publishing its final results in late March/early April2006. * * ENDS * * For further information contact: David Bailey, DataCash Chairman Tel: 0870 7274 760 Keith Butcher, DataCash Finance Director Tel: 0870 7274 760 Isabel Crossley, St Brides Media & Finance Ltd Tel: 020 7242 4477 Notes DataCash Group plc - www.datacash.com DataCash provides outsourced solutions for the authorisation, settlement andfraud management of credit and debit cards as well as direct debits, directcredits and cheques. DataCash's fraud management solutions support industryinitiatives such as 3-D Secure (Verified by Visa and MasterCard SecureCode) aswell as rules-based fraud screening. Transactions are accessible to merchantsthrough a real-time MIS Reporting suite. DataCash's solutions are suitable for merchants selling through any channel,including High Street Point of Sale, the Web, Interactive TV, Kiosk, Call Centreand Interactive Voice Response. DataCash works with the leading integrators,such as IBM, to provide mid-tier retailers with Cardholder Present Chip and PINsolutions. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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