Interim Results

ADVFN.COM PLC 12 April 2001 FOR IMMEDIATE RELEASE 12 April 2001 ADVFN.com PLC Interim Results for the Six months ended 31 December 2000 Chairman's Statement We have now completed our first year as a public company and I am pleased to report that we are ahead of the plans and targets, that we set ourselves 12 months ago. We have in this period not only matched our competitor's offerings and traffic, but surpassed them. This makes us the UK's leading private investor Web site. ADVFN is now an increasingly recognised brand amongst the industry as well as private individuals. This is helping us grow our revenue base in the next phase of our development. . Our income has been steadily increasing throughout the year as our subscriber base has grown. We have strengthened this process by taking the bulk of our advertising sales in house since the period end and this is proving an important move. Over the past year we have introduced many new features to the service including our unique Level 2 share information offering, Free unlimited real-time service, Interactive Charts, News (RNS & AFX), Quotes, Alerts, Trades, NewsMon, our own Fundamentals, Data downloads, Toplists, Real time Portfolio and WAP Mobile phone service. We have a strong team developing ADVFN further and our success is the result of their hard work and effort. While we continue to add new features to the service our focus has shifted to continue the process of driving revenue through our growing usage. We currently have sufficient traffic to grow the company significantly.. We are pleased to have achieved all this in the worst stock market conditions in recent history and feel we are well positioned to maximise the opportunities available to our business and expand our growth potential moving forward. Unlike many public companies, whose businesses are hard to see in action, ADVFN can be explored at your leisure, simply by logging into the site at http://www.advfn.com. If you are not already familiar with the site we urge you to try us out and see for yourself what has been achieved. Michael Hodges Chairman Managing Director's Statement It is just over 12 months since ADVFN listed on the AIM market. We have achieved a considerable amount during this short period and we look forward with confidence to the next stage of our growth. We have seen consolidation amongst our competitors, but we have steered a steady course of expanding the brand, its subscriber numbers and revenues using a low cost base and strong management. The Financial Services sector has been one of the success stories of the web and our forward looking approach is giving us new opportunities in this market place. Financial Websites Our UK website (ADVFN.com) continues to outperform our expectations. We launched two new services namely free real time prices and our professional level 2 premium service. The take up of these services was above our forecasts and continues to grow today. Our page impressions, currently at 40m pages per month (internal figures for March 2001), makes us one of the largest 'players' in Europe and our position as No. 1 Financial website in the UK was recognised by the award of Best Private Investor Website at the recent Shares UK 2001 awards. Our growth comparisons are impressive on a March to March basis, both our subscriber and page impressions are up tenfold and our revenues are up sevenfold. We have continued to expand the range of tools and services available on the website and will shortly be launching a new range of Premium Services based on our own streaming technology. Our recently launched French site (ADVFN.fr) has been well received by users and by the French financial press. Using ADVFN's technology platform our small team has already achieved an impressive page impression rate, as well as advertising and subscription income. We look forward to further growth in this important European market place. Success Events Success Events Ltd, our investment training subsidiary, continues to expand both its range of courses and its turnover, making a positive contribution to the ADVFN Group results. Its success lies in its range of investment courses, their content and calibre of tutors. New corporate courses are being launched which will significantly expand the current market place for Success Events. With our move to new offices at Throgmorton Street we now have our own in house training facility. New Media ADVFN has one of the widest range of UK shares data available via WAP-enabled mobile devices. From monitoring a portfolio to accessing professional depth Level 2 data, an investor is able to keep in touch with the markets at all times. ADVFN's leading position in mobile shares data was recognised by Orange who selected ADVFN as the exclusive supplier of shares data to its WAP portal in December 2000. ADVFN will expand its range of mobile offerings and is imminently launching PDA services. ADVFN's development of new mobile products positions it ideally for the widely forecast growth in mobile information services. New products Investor Relations Increasingly companies are seeing the benefit of and being required to supply the most up to date information to investors and potential investors. ADVFN specialises in real-time data and is perfectly placed to provide real-time solutions to companies' investor relations sites. ADVFN have embarked on a range of new products to address this marketplace. We have already signed up Orange and have ongoing talks with a number of other national names. Fundamentals As part of a commitment to produce as much unique content ourselves we formed a fundamental data team in June 2000 which has been analysing company data. This database is used by our websites, but will be sold as a standalone product. We are pleased with the progress of this project, and look forward to a roll out of products based on the data collected. Revenue Our revenue is in line with projections. Our current income from subscribers continues to grow and our recent appointment of an internal advertising team has already proven itself by achieving sales over budget. We have many opportunities to monetise our site including sales focussed on site media opportunities. Our ground-breaking deal with the IG Group, announced in March 2001 has shown the potential for large ticket deals and significant sponsorship revenues. During the period we have kept stringent control over our costs and are continuing to reduce our monthly outgoings. At the period end we have healthy reserves of cash, which we believe, are sufficient to fund our requirements until we are producing positive cash flow on a monthly basis. 3DV8 3DV8 is the new product name for 2C. This is principally a Visual Data Mining application. It was originally conceived as a tool for the financial marketplace alone, but its format has been expanded to become a full application allowing any user to compare visually and contrast any data in multiple dimensions (CSV, ODBC.etc). As part of our expansion plans, we have recently recruited a CEO for this operation. We are delighted to announce the appointment of Bill Louden, who has on-line, internet, and computer industry experience spanning over 25 years. Bill was a co-founder of Compuserve and then went on to be founder and CEO of Genie(part of GE) in the US. More recently he has been involved in Videotel and Looksmart. ADVFN proposes to roll out 3DV8 shortly on a worldwide basis. Prospects ADVFN is now an established brand in the UK and France. Our current expansion plans, together with new product roll out, give us an exciting future. Michael Boydell Managing Director For further information, please contact: ADVFN 020 7070 0947 Michael Boydell, Managing Director Buchanan Communications 020 7466 5000 Jeremy Garcia ADVFN.COM PLC CONSOLIDATED PROFIT AND LOSS ACCOUNT Six months ended Year ended 31 December 2000 30 June 2000 Unaudited Audited £'000 £'000 Turnover Continuing operations 307 90 Acquisition - 28 __________ __________ 307 118 Discontinued operations - 1,120 __________ __________ 307 1,238 Cost of sales - (21) __________ __________ Gross profit 307 1,217 Administrative expenses (1,061) (1,287) __________ __________ Operating loss (754) (70) Net interest 66 41 __________ __________ Loss on ordinary activities before taxation (688) (29) Tax on loss on ordinary activities - (2) __________ __________ Loss on ordinary activities after taxation (688) (31) __________ __________ Loss per ordinary share 0.275p 0.016p There were no recognised gains or losses other than the result for the financial period. Notes to the Interim Statement 1. The calculation of loss per share is based on the loss on ordinary activities after taxation divided by the weighted average number of shares in issue for the period which was 250,504,323 (194,006,000 in the year ended 30 June 2000). 2. No comparative figures have been included for the six months ended 31st December 1999 as those results all relate to discontinued operations prior to the listing of the Company on the Alternative Investment Market. 3. The directors do not recommend the payment of an interim dividend. 4. The financial information contained in this document does not constitute statutory accounts within the meaning of Section 240 of the Companies Act 1985. The financial information for the year ended 30 June 2000 is extracted from the audited financial statements for that period on which the auditors gave an unqualified report. A copy of those financial statements has been filed with the Registrar of Companies. 5. Copies of this statement are being posted to shareholders and will be available from the company's registered office at Crown House, Linton Road, Barking, Essex, IG11 8HJ for the next 14 days.

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