15th Apr 2005 07:00
Access Intelligence PLC15 April 2005 Access Intelligence plc ("Access Intelligence") Provision of information and services on a subscription basis * Sales for 17 weeks to 31 March 2005 up 52%* Group pre-tax profits for first 4 months just ahead of breakeven* All group companies making good progress* Group still holds £2.6 million in cash* Acquisition activity a top priority Following the preliminary announcement on 27 February 2005, we wish to give thefollowing trading update: "The 17 weeks sales to 31 March 2005 were 52 per cent. ahead of last year on alike for like basis, continuing the growth evident at the close of the lastfinancial year. The group pre-tax profit for those first 4 months was justahead of breakeven. There will be no tax payable. Since the beginning of the year on 1 December 2004 the company has added fournew salesmen to the Group's internal sales resource, all of whom are justbeginning to generate revenue. Backup and Running has introduced a product upgrade and used the skills of itssister company 'The Marketing Guild' to execute an e-mail marketing campaignwhich is beginning to 'bear fruit'. Wired-Gov is having considerable success with sponsorship which is now sold 60days ahead. In March it sent 264,867 requested e-mail alerts (March 2004:197,380) including announcements from the Financial Services Authority (FSA) whowere recently introduced to the service. A growing group of subscribers, now inexcess of 10,000, receive requested e-mail alerts everyday. New products areplanned for launch in the summer to theme information flow, whilst offeringincreased sponsorship opportunity. The Marketing Guild is successfully upgrading its members to its more premiumproducts and recently signed its 50th 'platinum' member (£1,800 per annum), 6months after launching this grade of product. A further premium service hasjust been launched at £4,800 per annum and already one company has signed up. Anew product feature for members was the introduction in January of 'Webinars' atraining session using the web and telephone saving members several hours whencompared with more traditional training. Finally the company still holds the £2.6m net cash it raised before Christmas2004. Acquisition activity is a top priority for the Group and although nosuccess has yet been achieved this has not been for lack of deal flow. Clearly asensibly priced, profitable acquisition would accelerate progress very quickly." Enquiries: Brendan Austin, Access Intelligence 01904 520840 William Vandyk/Luke Ahern, Corporate Synergy 020 7626 2244 Brian Coleman Smith, Beattie Financial 020 7053 6400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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