AGM Statement

Knowledge Technology Solutions PLC 25 November 2003 RNS Release 25 November 2003 AGM statement and sales performance update Knowledge Technology Solutions plc ('KTS'), the real-time data technology company, will hold its annual general meeting at 1.00pm today at which Gavin Casey, chairman, provides the following update on the Group's sales performance and outlines other current developments. Gavin Casey says: 'As your newly-appointed chairman, I am pleased to report that the business is developing in line with our strategy, which is to build our market position as a high-quality provider of live market data services to national and international financial services professionals. We are continuing to capitalise on the advantages inherent in our proprietary technology, which when coupled with our customer-led service, has enabled us to continue to grow market share in the first quarter. 'Since we reported our full-year results on the 15th October, QuoteTerminal, our UK-specific live financial information system, has won new enterprise-wide contracts (contracts with more than 25 terminal licences) and has received an encouraging number of new business enquiries. As a result of new orders, contracted annualised managed service revenues have risen by 21% since then. 'In additional to building market share for QuoteTerminal service, MarketTerminalTM, our significantly broader international product, is now ready for beta testing with a select number of global financial services organisations, the target market for this service. We are optimistic about its prospects when it launches next year. 'The Group's cash position remains strong with a net cash balance of approximately £1.2 million at 30 October.' Dr Marc Pinter-Krainer, CEO Neil Boom/Jenny Leahy Knowledge Technology Solutions PLC Gresham PR Ltd. 020 8795 2700 020 7404 9000 This information is provided by RNS The company news service from the London Stock Exchange
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