Knowledge Technology Solutions PLC
25 November 2003
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
'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