AIM Admission

UniVision Engineering Ltd 16 December 2005 UniVision Engineering Limited ('UniVision' or 'the Company') Admission to AIM UniVision Engineering Limited, the Hong Kong based designer and installer of digital surveillance and integrated security systems, announces the Admission of its shares to AIM. 50 million new ordinary shares have been placed at a price of 3p by Insinger de Beaufort. Net proceeds of the placing are £1 million. Highlights: • Profitable in 2005 • High profile contracts in place, including - Hong Kong Airport and - Sydney CityRail Network • Leading hybrid systems using digital and analogue technology • Established in Asia Pacific markets Stephen Koo, Executive Chairman of UniVision, commented, 'Our status as an AIM company will enhance the Company's brand in Hong Kong and internationally, whilst the listing will provide us with means to fund future acquisitions to fulfil our potential as a dynamic organisation in an exciting sector. 'Surveillance and security systems are an integral part of plans to protect the public. Our hybrid technology has already helped large organisations in Asia and we look forward to our expansion plans in Europe with cautious optimism.' UniVision was incorporated in Hong Kong in 1979 and is now established in Hong Kong, Macau and China. The Company designs, sources and sells its own brand-name products and OEM products including, Microprocessor CCTV Control Systems, Video Distribution Amplifiers, Fibre Optic Transmission Systems and Smart Card Access Systems. UniVision intends to become a leading product supplier and systems integrator in the global security market providing end-to-end solutions focusing on the migration from analogue to digital technology. The Company currently offers hybrid security systems and has a portfolio of cutting edge digital technology used by their blue chip client base and the Hong Kong Government. UniVision is included in the Hong Kong Government's list of 'Approved Suppliers and Installation of Video Electronics Equipment'. For the year to 31 March 2005 the Company reported profit before taxation of £0.50m (2004: £0.06m) on sales of £2.65m (2004: £3.45m). During this period the management focused on significantly reducing the cost of sales resulting in an improvement in operating margin. Financing costs were also reduced during the period; the Company now has no debt and cash at bank was £0.38m (2004: £0.13m). To date the Company has completed high profile projects for clients including Hong Kong International Airport, Tsing Ma Bridge Crossing, Mass Transit Railway, Shanghai Plaza 66 and Sydney CityRail Network selling its products through its distribution channels in China, Taiwan and other Asian countries. Univision intends to build on its current strong client base in the Asia Pacific region and to seek out international partners to assist with its development into other markets. -ends- For further information visit www.uvel.com or contact Univision Engineering Limited +852 2389 3256 Stephen Koo, Chairman Johnny Tang, Finance Director Insinger de Beaufort 020 7190 7000 Peter Ward Simon Fox Tavistock Communications 020 7920 3150 Christian Taylor - Wilkinson Matt Ridsdale This information is provided by RNS The company news service from the London Stock Exchange
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