13th May 2009 10:20
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Press Release |
13 May 2009 |
BrainJuicer Group PLC
('BrainJuicer' or 'the Company')
Result of Annual General Meeting
BrainJuicer Group PLC announces that at its Annual General Meeting held today, all resolutions put to shareholders were duly passed.
Speaking at the Company's AGM, Ken Ford, Chairman, confirmed that the Company expects to deliver further progress in 2009 in line with that anticipated by the Board at the time of the 2008 Results announcement made on 19 March 2009.
- Ends -
For further information, please contact:
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BrainJuicer Group PLC |
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John Kearon, Chief Executive Officer |
Tel: +44 (0)20 7043 1000 |
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James Geddes, Chief Financial Officer |
www.brainjuicer.com |
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Canaccord Adams Limited |
Tel: +44 (0)20 7050 6500 |
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Mark Williams / Adria Da Breo Richards |
www.canaccordadams.com |
Media enquiries:
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Abchurch Communications |
Tel: +44 (0) 20 7398 7700 |
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Heather Salmond / Jack Ballantyne |
Tel: +44 (0) 20 7398 7714 |
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www.abchurch-group.com |
Notes to Editors
BrainJuicer is a leading international online market research agency. It was established in 1999 to reinvent the way market research is done, and has introduced innovative online techniques that produce fresher insight and better marketing for large multinational clients. It has over 140 clients, including 9 of the world's top 20 advertisers and is regarded as a leading innovator in the research industry. The Company is growing profitably, has no debt, and is well positioned to achieve its ambition of becoming one of the top 10 global market research companies.
BrainJuicer operates in the sizeable US$28bn global research market (ESOMAR Global Market Research Report 2008), and its main competitors are the large traditional market research agencies who dominate the market (such as AC Nielsen, Millward Brown, Research International, IPSOS, GfK and Taylor Nelson Sofres).
Whilst these large agencies have developed their own online capability, BrainJuicer has achieved rapid growth and has won contracts with prestigious clients due to a number of key attributes, including:
research products that deliver greater diagnostic insight;
automated research techniques that enable the Company to conduct complex multi-country studies very quickly; and
a scaleable online-only business model.
BrainJuicer offers two categories of research products, which it describes as "Juicy" and "Twist". Juicy products are new to the world techniques which are entirely different from any available elsewhere and which challenge traditional approaches. Twist products utilise industry standard quantitative research methods but add BrainJuicer's unique quali-quant diagnostics; MindReader™ and FaceTrace™. Both are important to the business and appreciated by the Company's blue chip clients but the Board believes it is the Juicy Products which will drive the long term growth of the Company.
To date the Group has conducted projects in over 50 countries and more than 30 languages and has established a presence in the UK the Netherlands, the US, Switzerland, and Germany, and has licensing agreements in place in Canada and Australia.
Further information on BrainJuicer can be found at www.brainjuicer.com
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