AGM Trading and Business Update

RNS Number : 9620O

Eckoh PLC

13 August 2014

 



For Immediate release

13 August 2014

Eckoh plc

("Eckoh" or "the Company")

AGM Trading and Business Update

Chris Batterham, Chairman of Eckoh, will provide the following trading statement at the Company's AGM later today:

"Once again, I am pleased to report that the Company has seen a significant increase in revenue and margins during the first quarter of the new financial year and that current trading remains in line with market expectations.

Since announcing our year-end results in June, we continue to see positive new contract momentum being generated both organically and through our channel partners. This includes the recently announced three year contract win with Tenpin Limited to provide a broad range of Eckoh services for their bowling and family entertainment centres. We also today announce that we have won two three year contracts to provide payment services to a large financial institution and also a specialist provider of packaged account products and services in mobile handset protection. Coupled with the five multi-year contracts won in the second half of the prior financial year, revenue growth in the first quarter was extremely strong.

In June 2014 we announced that we had secured an exclusive agreement in the US with a leading US based provider of business process outsourcing and communication services. The early weeks of this arrangement have seen a significant amount of interest with a sales pipeline that exceeds the current existing pipeline in the UK. This has been supplemented by our direct sales activity in the US that has also seen some modest sized opportunities being won in recent weeks. We remain encouraged that the investment being undertaken in the US will result in significant profits for the Group in future periods."

For further enquiries, please contact:

Eckoh plc Nik Philpot, Chief Executive Officer Adam Moloney, Group Finance Director www.eckoh.com	Tel: [phone]
Buchanan Jeremy Garcia, Gabriella Clinkard www.buchanan.uk.com	Tel: [phone]
N+1 Singer Shaun Dobson	Tel: [phone]

Notes to Editors:

About Eckoh plc

Eckoh plc (AIM: ECK) is a global provider of secure payment products and customer service solutions, working with organisations in over 10 countries around the world.

Eckoh has a range of secure payment products that are designed to help merchants become compliant with the Payment Card Industry Data Security Standards ('PCI DSS') and to reduce the risk of fraud by eliminating card data from contact centres and IT environments. Eckoh's CallGuard product can be deployed on the customer's site or hosted in the Cloud. It allows Contact Centres to take card payments from customers without their agents seeing, hearing or accessing card data in any way. Eckoh has been a PCI DSS Level One accredited Service Provider since 2010 and currently process over $1 billion in card payments annually.

Eckoh's customer service solutions enable payments, transactions and enquiries to be processed without the caller needing to talk to a contact centre agent. This significantly reduces our clients' costs, whilst freeing up their agents to deal with more complex enquiries. These solutions are delivered over the phone, web and mobile devices. Eckoh is the largest provider of such hosted services in the UK.

For more information, visit: www.eckoh.com or www.eckoh.us

 

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