Trading Update

ServicePower Technologies Plc

("ServicePower" or the "Company")

Trading Update

31 January 2012 - ServicePower Technologies Plc (AIM: SVR), a market leader in outsourced services and field management, is pleased to announce that, following a strong performance in the last quarter of the year, it expects results for the year ended 31 December 2011 to be above market expectations.



Following the close of its 2011 financial period, ServicePower expects revenue for the year to 31 December 2011 to be approximately £13.2 million, a likely EBITDA result of £1.2 million and profit before tax of approximately £1.1 million. Additionally, the Board expects to report a net cash balance of approximately £5.5 million at the year end.

Mark Duffin, CEO of ServicePower, commented, "Despite the wider economic circumstances ServicePower continues to perform well, both financially and operationally. This is due, we believe, to the quality of our field service software and dedication of our team. The Company has a healthy pipeline, increasing revenue visibility and a growing core of first class customers. We are confident of our on-going prospects and look forward to updating the market at the time of our full year results, due to be announced in March."

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About ServicePower

ServicePower Technologies Plc is a third party administrator for global field services which uses a fully integrated artificial intelligence based software platform to recruit independent contractors, comply with global regulatory codes, facilitate training, schedule service calls, conduct global retail/wholesale pricing analysis, and ultimately facilitate an optimal customer buying experience. ServicePower'sServiceOutsource product is offered globally to end-consumer facing organisations in the retail, manufacturing, insurance, medical, and services industries providing the capability of offering quality installation services for their products through a network of professional, licensed, and insured independent contractors.

For more information please visit www.servicepower.com