21st Jul 2008 07:00
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Press Release |
21 July 2008 |
Brulines (Holdings) plc
("Brulines" or "the Group")
AGM Statement and Trading Update
Brulines (Holdings) plc, the market leading provider of real time monitoring systems and data management services for the UK Leisure Sector, will be holding its Annual General Meeting today at 9:00 hrs at Grant Thornton UK LLP, 1 Whitehall Riverside, Leeds.
James Newman, Chairman, will provide the following trading update at today's meeting:
"The year has started well with trading performance in line with the Board's expectations. The Nucleus acquisition has been successfully integrated whilst several new customers have been gained in the period and the increasing number of service agreements continues to sustain our margins.
The Group's quality monitoring product range continues to generate real customer interest including planned commercial evaluation in the USA during the third quarter.
Our gaming machine monitoring businesses, Coin Metrics Limited and Machine Insite, have been integrated and its customer base continues to grow.
The Board is confident that its product range and recent acquisitions will take the Group into new markets and support further growth in the current financial year."
- Ends -
Enquiries:
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Brulines (Holdings) plc James Dickson, Chief Executive |
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Mark Foster, Finance Director |
Tel: +44 (0) 1642 358 800 |
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www.brulines.com |
Media enquiries:
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Abchurch |
Tel: +44 (0) 20 7398 7700 |
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Sarah Hollins/ Chris Lane |
Tel: +44 (0) 20 7398 7708 |
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www.abchurch-group.com |
About Brulines
Brulines provides a complete 'information gateway' for the leisure industry and its technology can be found in more than 21,500 pubs in the UK. The 'real time data' captures a wide variety of valuable information that enables licensees, operators, owners and brewers the opportunity to improve their business success through increased knowledge.
A more recent and rapidly growing product offering is Brand Quality Monitoring, which provides till sales protection, beer yield improvement, and also scrutinises the quality of products running through beer lines in a bar; measuring volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the point of dispense. The acquisition of Nucleus Data, a competitor in the dispense monitoring market, in January 2008, cemented the Group's position as the market leader in this area.
The recent introduction of new products has extended the Group's key markets and technology capabilities across the wider leisure sector. In May 2007 the Group acquired Coin Metrics, a company with an established customer base in the amusement with prizes industry ('AWP') and gaming industries, significantly strengthening the Group's position and product offering in the gaming market.
Brulines listed on AIM in October 2006.
Further information on Brulines (Holdings) plc is available at www.brulines.com
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